Different Types of Loans In India-When to take them?
There are different types of loans available in India. But when to use them is not know to many of us. In the article, I will give information about the different loan options available and their features 1.Home Loans( Housing Loan)… Most of us want to have a own house. But Many of us do not have all funds which are required to buy a house. Here, a Home Loan can help us to buy a home which we can afford. We have to pay E.M.I every month in this kind of loan for 10 to 30 years. Again, there …
SBI HOME LOAN – How to pay LESS interest with the max gain loan?
We know about SBI Home Loan. But SBI has another loan type called Sbi max gain home loan. You will pay LESS interest amount when compared to another type of home loans. Read this article Home repay early or not(click here) What is Sbi max gain Home Loan?… State Bank of India is offering a Financial Product called SBI MAX GAIN HOME LOAN. This scheme is an attached extra feature of SBI Home Loan. SBI Maxgain is a home loan saver scheme whereby a person can park their surplus money in a loan account to get interest amount benefit. An …
EMI of a Loan- How to Calculate it? ( Telugu)
1) EMI of a Loan- How to Calculate it? ( Telugu) For Calculating it for a loan, you need three parameters. 1. Loan amount required. 2. No. of months of the repayment period 3. The Interest rate on loans. If you know all the above parameters you can easily calculate the “EMI” of a loan. There is a simple way to calculate “equated monthly installment” of loans in Micro soft Excel. If you type =pmt( then in Excel formulae will open like this. By seeing the formulae above you can enter the values and then click the “Enter” button …
