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A home loan has to be repaid within a specified number of months through equated monthly installments (EMIs). EMI is the monthly payment you make on your home loan. It is a arrived at with interest and principal components. The total monthly amount is calculated in such a way that it remains constant all through […]

The largest life insurer in the country, LIC of India and Axis Bank, India’s third largest private sector Bank  have come together to offer value added Credit Card services to the customers and employees of LIC of India, its subsidiaries and group companies. The partnership between LIC Cards Services Limited and Axis Bank was announced […]

As India’s central bank continues its watch on money flow into the property industry, botanist make sharply enlarged their danger to realistic land firms. ICICI bank has a whopping Rs 25,094 crore danger to historical acres firms in 2010-11, an amount of 85 % over the early business period ended District 2010. This is followed […]

Automotive sales in India for the fiscal ended March 2011 were 26%. But rising interest rates on loans coupled with moderating automotive sales peg the industry growth at between 13 to 14% for the current fiscal. Since most vehicle purchases are bankrolled, the auto finance business is also expected to mirror vehicle sales. With automotive […]

Your equated monthly installments (EMIs) for home and auto loans are likely to increase with banks preparing themselves to raise lending rates in tandem with the rate hike by the central bank. “For a person who has taken Rs 25,00,000 home loan at 10.25 % for a 15-year period, his current EMI works out to […]