EMI Option – Boon or Bane

Do you know the story of Bhasmasura? In Hindu mythology Bhasmasura was a demon who got a boon from Lord Shiva that anyone he touches with his right hand should turn into ashes. Once he got this boon, Bhasmasura wanted to try it on Lord Shiva himself. On seeing the plight of Shiva, Lord Vishnu… Continue Reading

How much EMI can you afford?

Deciding how much home loan you should avail depends on how much EMI you can afford to pay for the next few years. So how much EMI can you really afford? There are certain financial as well as personal aspects that you have to consider to determine this. Although we are discussing all these points… Continue Reading

4 circumstances that can impact your EMI

Although EMI stands for Equated Monthly Installments, it does not mean that it will never change. When availing the loan, you estimate your EMI by taking into account a fixed loan amount with fixed rate of interest for a fixed loan tenure. However situation can change over time and many factors could alter your EMI… Continue Reading

3 factors that determine your home loan tenure

When calculating EMI, another significant factor to consider, apart from the type of interest (i.e., fixed vs. floating rate), is the length of home loan tenure. Loan tenure means the length of time that will be taken by the borrower to repay the loan along with the interest. Generally, a home loan tenure may be… Continue Reading