EMI & Repayment guides
How EMIs and interest are calculated, prepayment, foreclosure and repaying well.
- EMI & Repayment
Flat vs Reducing Interest Rate: Which Costs You Less?
A flat rate of 12% can cost about as much as a reducing rate of 21%. See the difference with a worked rupee example and learn what to ask a lender.
2 min read - EMI & Repayment
How Is EMI Calculated? Formula, Examples and Tips
The EMI formula explained in plain words, with worked examples in rupees, an amortisation table and how tenure and interest rate change what you pay.
4 min read - EMI & Repayment
How Much EMI Can I Afford? A Simple Way to Decide
How to work out a safe EMI from your income and expenses, what FOIR means, worked examples and the signs that an EMI is too high.
2 min read - EMI & Repayment
Personal Loan Prepayment and Foreclosure: Should You Pay Early?
How part-prepayment and foreclosure work, how much interest you can save, the charges to check and RBI's rules on prepayment penalties.
4 min read - EMI & Repayment
Repo Rate and Your EMI: How RBI Rate Changes Affect Your Loan
What the repo rate is, how it reaches floating-rate loans through external benchmarks, why most personal loans don't change, and what to do when rates move.
2 min read - EMI & Repayment
Top-Up Loan and Balance Transfer: When Do They Make Sense?
How a top-up loan and a loan balance transfer work, what they cost, and how to decide whether moving or extending your loan actually saves money.
2 min read
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