Q1. What are principal costs? Ans. Principal Amount is the loan amount which the borrower takes from the lender. The most extrusive cost is the principle, but it can’t be actually considered as a cost of the loan. Meanwhile, if … Continue reading →

Q1. What is the protection given to the lenders if the borrower defaults an EMI payment? Ans. Each time a bank issues a loan, there is always the possibility that the borrower may default his payments. In order to protect … Continue reading →

When one buys a house, he has to make a big investment out of his pocket which is always burdensome. However, in this modern age of easy availability of Home Loans you can easily finance your dream of owning your … Continue reading →

Owning a house is like a dream to everyone, but having said that, looking at property prices in major cities makes us have a second thought of owning a house. Though there are some relief to the home buyers. Home … Continue reading →

India is home to one of the largest middle income people in the world. They are expanding at a faster rate with each year. Similarly, Indian lending and banking industry is a rapidly evolving market which is growing at comparatively … Continue reading →

  Q1. What is an EMI? Ans. EMI is an amount which the individual or borrower has to pay back to the lender every month on account of the loan amount provided to him. The EMI amount is deducted every … Continue reading →

  We all have come across the word “EMI” and “EMI calculator” in our life more times than once in our life.  If you are taking loan to buy a car for your loved ones or want to gift a … Continue reading →