Tag: emi

rbi: 10% retail borrowers missing their monthly payments: RBI
Posted in Economy

rbi: 10% retail borrowers missing their monthly payments: RBI

India’s bad loans may be at a decadal low, but nearly 10% of retail borrowers are missing monthly payments, the Reserve Bank of India has…

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A man speaks on the phone outside an ICICI Bank branch in Kolkata, India. (REUTERS/Used only for representation)
Posted in Business

ICICI Bank customers, now make UPI payments in monthly instalments

In a first-of-its-kind initiative, ICICI Bank has launched a facility with which customers will be able to make UPI payments in the form of Equated…

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What is the 20/10/4 rule when taking a car loan
Posted in Finance

What is the 20/10/4 rule when taking a car loan

1.This is a thumb rule used while buying a car on a loan.2.20% of the onroad price of the car should be paid as down…

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inflation: How the latest inflation data spells trouble for consumers
Posted in Economy

inflation: How the latest inflation data spells trouble for consumers

The latest data shows an unexpected spike in inflation, but what do these numbers mean for you? How can these numbers affect your household budget,…

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loan interest rate hike: Canara Bank, PNB hike loan interest rates: EMI’s on home loan, car loan set to rise again
Posted in Finance

loan interest rate hike: Canara Bank, PNB hike loan interest rates: EMI’s on home loan, car loan set to rise again

Canara Bank and Punjab National bank have increased the Repo Linked Lending Rate (RLLR) .The new interest rates are effective from February 9, 2023, according…

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