Tue, Nov 19, 2024
Home Loan vs SIP Calculator: Take a loan to buy a home or create a corpus to purchase the same? Which can help you save more money? Which option should you opt for? It depends on your financial goal, priorities in life, age, income status, etc.
More >
Mon, Nov 18, 2024
Home Loan Calculator: Prepayment plays a key role in home loan repayment. Lump sum, part payment, or one additional equated monthly investment (EMI) can considerably reduce the loan interest burden on a borrower.
Fri, Nov 15, 2024
Home Loan EMI+SIP: While repaying a home loan, investing in a SIP can help one recover the amount of interest to a great deal. Even if their monthly SIP investment is 12 per cent-14 per cent of the EMI amount, it can create a large amount during the investment period.
Fri, Sep 27, 2024
SBI vs PNB Home Loan EMI Calculation: SBI home loan interest rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans) are in the range of 8.50 per cent-9.85 per cent. PNB home loan interest rates for (up to Rs 30 lakh), (above Rs 30 lakh and up to Rs 75 lakh) and (above Rs 75 lakh loans) are in the range of 8.50 per cent-10 per cent.
Mon, Sep 23, 2024
Home Loan+SIP Calculator: If you take a Rs 65 lakh loan for 25 years, the estimated equated monthly instalment (EMI) will be Rs 56,790, the estimated interest will be Rs 1,05,37,085, and the estimated repayment will be Rs 1,70,37,085.
Thu, Sep 19, 2024
SIP Investment vs Rs 18 lakh Car Loan: If you are taking a Rs 18 lakh auto loan at a 10 per cent interest for 7-year duration, the estimated equated monthly instalment (EMI) will be Rs 29,882, the estimated interest will be Rs 7,10,099, and the estimated repayment amount will be Rs 25,10,099.
Wed, Sep 18, 2024
Personal Loan Calculator: A personal loan can be taken for a number of reasons such as home renovation, medical needs, emergencies, or buying vehicles. There can be a number of ways to reduce your interest amount and tenure.
Mon, Sep 16, 2024
Home Loan Interest Calculator: Because of long duration, home loan borrower ends up paying higher interest than the principal amount. Borrowers set their equated monthly instalment as per their repayment capacity. According to that, they set their loan duration. E.g. if they want to keep it lower, they will take the loan for a long duration, but if they want to finish their loan in fewer years, they go for a higher EMI.
Wed, Sep 11, 2024
Personal Loan Calculator: Personal loans don't involve collateral, so they come at a higher interest rate compared to home loans and auto loans. But there are ways to cut the interest amount and repay the loan earlier than the stipulated time.
Mon, Sep 09, 2024
Home Loan+SIP Calculator: Home loans are high in amount and have a long duration. So, the interest amount is most likely to be larger than the principal amount during that duration. But if you simultaneously make an investment in a mutual fund SIP where you get good growth, you may gather a corpus that can match your interest amount.
Fri, Sep 06, 2024
SIP investment vs Auto Loan EMI: When you take a Rs 20 lakh auto loan at a 10 per cent interest rate for 7 years, your estimated EMI is Rs 33,202, the estimated interest is Rs 7,88,999, and the estimated repayment is Rs 27,88,999.
Thu, Sep 05, 2024
Personal Loan Calculator: Unlike home loans, which can stretch up to decades, lenders give personal loans for up to 5 years of duration. Personal loans don't have collateral, so they come at a higher rate compared to home loans or vehicle loans.
Fri, Aug 30, 2024
SIP investment vs Car Loan: If you are taking a Rs 15 lakh car loan for 7 years at 10 per cent annual interest rate, your estimated EMI will be Rs Rs 24,902, and estimated interest will be Rs 5,91,749.
Mon, Aug 26, 2024
Home Loan vs Mutual Fund SIP: If you take Rs 60 lakh home for 20 years at 9 per cent annual interest rate, your estimated equated monthly installment (EMI) is Rs 53,984, total estimated interest will be Rs 69,56,054, and the estimated repayment amount will be Rs 1,29,56,054.
Fri, Aug 23, 2024
SIP vs Car Loan EMI: Do you want to buy a car? Should you go for a loan, or plan purchase in advance and invest through SIP in a mutual fund? Know which can be a faster route
Wed, Aug 21, 2024
Personal Loan Calculator: Sometimes, we are in a situation when we can't take a home or a car loan; or to meet personal requirements, such as medical expenses, wedding, home renovation, emergencies, and vacations, we need to take a loan.
Mon, Aug 19, 2024
Home Loan Calculator: Since we take a home loan for a long duration, there is a high likelihood that we are paying a higher interest amount than the principal. In the initial years, the interest amount you pay is much higher than the principal.
Mon, Aug 05, 2024
If you are taking a Rs 50 lakh home loan for 20 years at a 9.50 per cent annual interest rate, your estimated EMI during that period will be Rs 46,607. With that EMI, your interest will be Rs 61,85,574 and the repayment will be Rs 1,11,85,574. It means the interest amount will be nearly Rs 12 lakh more than the principal amount. However, if you increase your EMI to Rs 49,992 a month, your interest amount will be reduced to Rs 49,48,436 and you will repay the loan in just 17 years.
Thu, Jun 20, 2024
SBI Car Loan Latest Interest Rates: A car is no longer just a style statement. It has become a necessity in most parts of India. From Tier-1 cities to small towns to hamlets, people use cars to save time and, in many cases, money.
Wed, Aug 09, 2023
Before availing a loan it’s important to plan your repayment and the EMI amount. This helps you in planning your monthly budget without disrupting the repayments.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
