Tag Archives: Loans

Am I eligible for Compound Interest Waiver on Loan during the moratorium period?

Am I eligible for Compound Interest Waiver on Loan during the moratorium period? Govt of India has announced that now that interest on interest (compound interest) waiver on loan during the moratorium period. The central government had earlier filed an affidavit with Supreme Court indicating that it would waive interest on interest on loans up … Continue reading Am I eligible for Compound Interest Waiver on Loan during the moratorium period?

What is EMI and What are the smart ways to reduce loan interest?

What is EMI and What are the smart ways to reduce loan interest? If you take home loan or personal loan, you need to pay your monthly installment to a bank or financial institution. This is generally termed as EMI. What exactly does EMI mean? How you can calculate EMI of your loan amount? What … Continue reading What is EMI and What are the smart ways to reduce loan interest?