Now, EMIs can be covered on Job Loss

The global economic downturn has created uncertainty in employment in India as well. In such a situation, what if one has a couple of EMIs t...

How is EMI calculated?

The Equated Monthly Installment (EMI) of a loan is calculated according to the following formula. EMI = (P x i) (1+i) n (1+i) n - 1 Where, ...

Educational Loans

The global economic recession and subsequent job loses allow for a good time (I’m not sure I should be saying as curtly, but it depends on h...

Advantages of investing in Real-estate

Investing in real-estate, or more specifically, on a house or flat, is something that interests the salaried class very much. Though the sce...

Increase in debt waiver for farmers

The government has hiked debt waiver for farmers to Rs. 71,680 Crore (1 Crore = 10 million). As reported by rediff, Under the modified sche...

Sub-prime woes haunting the US

While the US bleeds of sub-prime wounds , most of the mortgages taken through sub-prime borrowing are now facing foreclosure. People who hav...

Personal Loans and debt traps

I get marketing calls from various banks each day which informs me that due to my good credit history with the bank I become eligible for a ...

Educational Loans become more affordable

Currently, when a student avails an Educational Loan to pursue his/her studies; the interest amount charged during the period of study gets ...