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EMI SALARY RATIO
How a simple home loan EMI calculation before you apply can reduce your interest burdenA home loan EMI calculator is an invaluable tool for financial planning, allowing users to estimate monthly repayments, total interest, and...- 25-year-old earning ₹1L/month asked to take ₹92 lakh loan for parents’ property deal; family expects flat value to soar in 5 years; sparks debt trap concernsA 25-year-old earning ₹1 lakh a month has sparked debate online after revealing how his parents want him to become the primary borrower for...
- Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians investExpense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping ...
- Home ownership not a ‘safe asset’ in 2016? CA explains why buying a house has become financially unrealistic for youngstersA post by Chartered Accountant Nitin Kaushik has sparked debate online after he claimed that buying a house in today’s market has become “m...
- Can you get another loan if you’re already paying EMIs? Here’s the answerYour salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, me...
- How inflation and RBI repo rates influence personal loan interest ratesInflation's rise impacts living costs, prompting the RBI to manage it via the repo rate. Changes in this rate directly affect personal loan...
- Lowest home loan interest rates: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank; which bank offers lowest EMI; top bank rates comparedSecuring the lowest home loan interest rate is crucial for significant long-term savings, with rates influenced by credit score, LTV, and i...
- Rs 2 lakh a month salary sounds good. But CA explains why middle-class in metros is strugglingEarning Rs 2 lakh monthly in Indian metros, once a dream, now struggles against soaring costs. Private school fees jumped 160%, medical inf...
- When half your paycheque becomes the EMI: A Rs 50 lakh package can buy a flat, but can it buy peace of mind?On paper, a Rs 50 lakh annual salary may seem enough for a Rs 1.5 crore flat. In practice, the numbers don’t stretch that far. Wealth advis...
- Home loan interest rates less than 9%: 10 private banks offering lowest interest on home loanSecuring a home loan from private banks involves understanding interest rates, credit scores, and EMIs. Interest rates vary based on factor...
- How to choose the right home loan based on your financial goalsSecuring the right home loan in India involves careful consideration of several factors. Assess your financial health, including income sta...
- Zerodha’s Nithin Kamath shares simple '1% rule to help middle-class salaried employees build wealth'Nithin Kamath, Zerodha CEO, shares financial advice for salaried individuals. He suggests cutting expenses by 1% and investing that amount....
- How much home loan can you get against salary, other income? Check calculation hereHome buying is once in a life time activity and most people now do it through a home loan. However, unless you know the right budget you ca...
- You will get a smaller home loan now as maximum loan eligibility drops by 20% in a yearRising home loan interest rates: With back-to-back hikes by the Reserve Bank of Bank (RBI), the repo rate has now touched 6.5 per cent. The...
- 5 ways new home loan borrowers can reduce EMI amountThe Reserve Bank of India (RBI) hiked the key policy rates by 1.4% since May 2022. These hikes in key policy rates mean higher interest rat...
- How much car loan should you take?You should avoid opting for higher EMIs at the cost of sacrificing monthly contributions towards crucial financial goals. Regardless of the...
- Should you buy or rent a house?The income of the family will determine whether it can afford to rent a house, buy or remain neutral, that is stay on rent even though it c...
- Seven things that can impact your credit scoreCredit score has a direct impact on your financial life. Higher credit score suggests lower risk of default and vice versa. These 7 factors...
- Criteria banks use to evaluate home loan applicationsIt is important to understand how lending institutions evaluate home loan applications in order to get easy access to loans.
- Home loan processing just got tougherBanks, wiser from meltdown, are rechecking installment-to-income ratios, the figure that determines EMI. Understanding Sub-PLR loans I Time...
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