information about All Type loan like Home Loan, Personal Loan, Car Loan, Education Loan, Gold loan etc.
Introduction Buying a home is one of the biggest financial goals for most families. But before you start searching for your dream house, the first question that comes to mind is: “How much home loan can I get with a ₹40,000 salary?” Banks and housing finance companies decide your loan eligibility based on your income, … Read more
Introduction Buying a home is a dream for many, but before applying for a mortgage, you need to know how much loan you are eligible for. Lenders carefully evaluate your income, credit score, debts, and financial history to decide the amount you can borrow. A home loan eligibility check helps you instantly estimate your borrowing … Read more
This guide explains the salary requirements, factors that affect eligibility, and what banks look for when approving your loan. Whether you are in India or just comparing how loan approvals work globally, this article will help you understand the entire process clearly. How Banks Decide Your Eligibility Banks don’t just look at your loan amount. … Read more
Why CIBIL Score Matters for Big Loans? Whenever you apply for a large loan amount—be it a personal loan or a home loan—the very first thing a bank checks is your CIBIL Score. This three-digit number works as proof of your credit history and repayment capacity. A higher score not only improves your chances of … Read more
What is EMI? EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay your loan. It includes: Formula for EMI: EMI=P×R×(1+R)N(1+R)N−1EMI = \frac{P \times R \times (1+R)^N}{(1+R)^N – 1}EMI=(1+R)N−1P×R×(1+R)N Where: Example: EMI on ₹11 Lakh Loan for 7 Years Let’s assume the interest rate is 11% per annum. Monthly EMI ≈ … Read more
What is an EMI? EMI (Equated Monthly Installment) is the fixed monthly payment that you make to the bank or financial institution until your loan is fully repaid. It includes two components: The EMI remains constant throughout the tenure, but in the initial months, a larger portion goes towards interest, while in later months, a … Read more
What is EMI in a Personal Loan? EMI (Equated Monthly Installment) is the fixed amount you pay every month until the loan is fully repaid. It includes two parts: By spreading the repayment across 60 months (5 years), EMIs make repayment easier without putting excessive burden on your monthly income. How EMI is Calculated for … Read more
What is EMI in a Personal Loan? EMI, or Equated Monthly Installment, is the fixed amount you pay to the bank or lender every month until your loan is repaid in full. It includes two parts: The EMI amount depends on three key factors: How EMI is Calculated for ₹11 Lakh Loan Over 4 Years … Read more
What is EMI in a Personal Loan? EMI (Equated Monthly Installment) is the fixed amount you pay to the lender every month until the loan is fully repaid. It includes both: The EMI depends on: EMI on ₹11 Lakh Personal Loan for 3 Years The exact EMI depends on the interest rate offered by your … Read more
What is a Personal Loan EMI? A personal loan EMI is the fixed amount you pay every month to your lender until the loan is repaid. It includes both principal (the actual loan amount) and interest (lender’s charges). The EMI depends on three factors: Factors Affecting Your EMI for ₹9 Lakh Loan 1. Interest Rate … Read more