Why EMIs are initially loaded with Interest Components?
If you are a new borrower of a house loan, EMI can be the most crucial phrase for you. When you apply for a house loan, you must make equal monthly payments, known as EMIs, toward the loan’s payback. It lets you stretch out the loan payment over a longer period of time and relieves […]
EMI Moratorium
The Reserve Bank of India (RBI) said that all lending institutions, including banks and housing finance companies, will have to give its borrowers a three-month moratorium on term loans. The moratorium was for payment of all instalments falling due between March 1, 2020 and May 31, 2020. According to the RBI, the deferred instalments under […]