Emi

The Amazon Pay Later facility is an instant way to get credit. It is a completely digital process that allows for purchases via EMIs on Amazon India. Read on to know about the benefits, eligibility, and registration process.

Are you concerned that you will be required to pay off all your dues at once and the burden of it may affect your financial health and thus downgrade your scores and financial reports? The answer to this is very simple: convert your HDFC credit card bill to EMI and pay your bill in easy installments over the months.

There is good news for lenders! Debit bounce charges on bank accounts have hit their lowest level since May 2019, reflecting an improvement in bank asset quality.

Are you planning to take a home loan to buy your dream home? The most important things you need to consider before taking a home loan are the equated monthly instalments and the interest payable.

Many credit card issuers offer users the ability to convert big-ticket credit card purchases into monthly payments called EMIs (Equated Monthly Instalments). Credit card users can directly convert credit card purchases into EMIs when purchasing from select merchants or they can use the option to consolidate various payments into a single EMI.

It is not very clear when credit cards became a necessity to lead a normal life. But the footprint left by credit card in our daily lives is quite evident. Credit cards are one of the most preferred payment modes anywhere in the world. Though digital payments have now captured considerable market share, credit cards still rule.

In a massive relief to individual and MSME borrowers, the Union Government has announced a waiver of the compound interest incurred by loans during the moratorium period from March to August.

Have you been wishing that you could afford the latest flagship smartphone? But, putting off the purchase because your bank balance is low? Worry not, we’ve got you covered! Continue reading for the steps on how to purchase a mobile phone on EMI using your Canara Bank debit card.

A laptop with fast processing speed and great graphics is a must for everyone today. Whether you use your laptop for professional or personal use – a fast, modern machine with decent processing power has become mandatory.

Everyone wishes for a financially successful career. The first step in achieving this dream is – graduating from a reputed higher education institute with good scores. But, sadly, achieving this dream requires more than hard work, dedication, and commitment.

In a bid to give some relief to taxpayers and homebuyers amid the Covid-19 crisis, the Reserve Bank of India (RBI) had some time back directed all banks, NBFCs and housing finance companies (HFCs) to allow three months’ moratorium on the EMI payments of various retail loans, including home loans, as well as working capital loan instalments which were due for payment between March 1, 2020, and May 31, 2020.

Dewan Housing Finance Limited (DHFL) is one of the key players in the housing loan market in India. It has been offering affordable housing loans to its customers for many decades now.

India went into a nation-wide lockdown in March as a preventive measure to curb the spread of the deadly Coronavirus. As a result, millions of businesses – big and small – that do not fall into the category of essential services had to pause their operations.

The Reserve Bank of India announced in June that it is extending the moratorium on loan EMIs and credit card bills for three months.

The government of India has launched several measures to help citizens deal with the economic blowouts caused by Coronavirus-lockdowns and restrictions. One such relief measure is the – moratorium on loan payments.

You have tried every possible way to repay your loan EMIs on time. In spite of your best efforts, a job loss, pay cuts, illness in the family, your loan repayments may go off the track. There may be situations where due to an unexpected financial crisis, you have fallen behind on your loan payments.

One of the biggest advantages of loan EMIs is that it’s easy to plan repayments in advance. The EMI remains the same every month for the entire tenure of the loan. This helps borrowers plan their expenditures and purchases.

With India being in lockdown currently to contain the spread of COVID-19, the Reserve Bank of India has announced several measures, to tide over the economic fallouts.

“I want to buy that latest upgraded mobile phone, but I have no money.”, “I need to buy a washing machine for my house, but I can’t afford as I have no funds.” These scenes of lamentations are no longer necessary as you have the convenience of purchasing all that you need with a credit card.

We live in a world of consumption. Right from groceries to mobile phones to vehicles and homes, we have to have the best and latest one in the market. Often, these work out to be high-ticket buys; somewhat beyond our capacity to buy it only on our savings/income. 

Gone are days when taking a loan or asking for credit was a cumbersome process, loans provide for financial needs which individuals are not able to meet on their own.