Finance and Banking

The loan market in India is steadily increasing and is currently the fourth-largest loan industry in the world. A vast majority of these advances are short-term loans like personal loans and credit cards. A combination of these account for about 78 per cent of all credit lending in India. Loan repayments in India include EMIs, and you should consider the amount for accurately planning the current and future finances. When you talk about  EMI calculator , there are many to choose from. At the same time, you learn its usage for calculating the exact EMI amount which you are liable to pay. Benefits of the calculator – The number of loan applications is increasing and reached up to 107 million accounts at the end of 2018 financial year. Regardless of the kind of the loan you apply for, be it secured or unsecured, you must know how much monthly instalment you need to make before getting one. This is where a loan calculator is immensely helpful. It assists in calculating the estimate EMI...

A personal loan comes to your aid in varied circumstances. You can utilise them for financing personal and medical emergencies. Every bank and NBFC offers such loans. Typically, the amount granted is about INR 25 lakh, and you can repay them in flexible tenure which goes up to five years. The best part about them is you need not provide the reason for application if you show credibility to repay them and decent credit score. There are many unconventional reasons to apply for personal loan. The prominent ones are – Funding a holiday   You can avail of the personal loan for funding your travel. Whether you seek to holiday within India or go on an international tour, fulfil your travel goals by applying for the loan. Remember, create an estimate and itinerary for reference as well as understanding the exact amount needed for the trip.  Celebrate festivals   We Indians love celebrating festivals. Personal loan understand these aspects and offer special festive loans which hel...