Why No-Cost EMI Can’t Be for Longer Tenure?

Loan interest rates have been going down over the past 18 months. It is also evident in the examples that we use for various illustrations in our posts. Earlier, we used 9-10% p.a. for long term loans. Now, we use 7-8% p.a. in the illustrations. If you use Amazon or Flipkart, you would have noticed… Continue Reading

Are All EMIs Bad?

How much debt do you have? How do you answer this question? A) Rs 50 lacs for 15 years OR B) EMI of Rs 47,782 per month for 15 years? Both have the same meaning. If you track your loan amount properly, you will answer in terms of the outstanding principal amount. However, when it… Continue Reading

Merchant EMI vs. Credit Card EMI

You plan to buy an expensive phone from Flipkart or Amazon. You do not have the free cash to buy the phone outright or settle the credit card dues in a month’s time.  What can you do? You can buy the phone on EMIs. You have two options. You take the EMI offer available on… Continue Reading

EMI Moratorium Math Explained

22-May Update — RBI has extended EMI moratorium on all term loans by another 3 months till 31-August-2020. The Reserve Bank of India had announced a 3-month EMI moratorium as a Covid-19 regulatory package in March 2020. In a previous post, we discussed if you should opt for such a moratorium. The crux was that, if… Continue Reading

Home Loan Tax Benefits 2019

For most young professionals, buying a house tops the list of priorities. Even those who do not believe real estate makes for a good investment, do not have second thoughts about purchasing a house to stay in. Not only does it give you the comfort of living in own house, it also provides financial security… Continue Reading