EMI depends on the loan amount, interest rate and tenure. See the formula, a worked example with the interest and principal split, and ways to reduce your EMI.
Category: Loan Basics
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Co-Applicant vs Guarantor: What Is the Difference and Who Is Liable?
A co-applicant shares the loan, a guarantor backs it up. Understand how each role works, their liability and how both can affect their own credit.
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Loan Foreclosure vs Part-Prepayment: Charges, Steps and Documents to Collect
Foreclosure closes your loan early; part-prepayment reduces it. Learn how each works, the charges to expect and the documents to collect after closing a loan.
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Debt Consolidation Loan: Should You Combine Your Debts Into One?
A debt consolidation loan replaces several high-interest debts with one lower-cost EMI. Learn when it helps, what to check and the mistakes to avoid.