Page 5 - Emi

Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact

RBI had ordered a moratorium of three months on EMIs

Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact

Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers

Covid-19 relief: SBI relaxes payment timeline for one time settlement

The bank said it would not charge any interest on the amount for this extended period

EMI moratorium: No big gains for borrowers, banks to charge interest later

Experts feel that the three-month moratorium on repayment on loans to help people fight the impact of coronavirus seems to be benefiting banks rather than borrowers

Interest rate cut on small savings heartless, must be rolled back: Congress

Congress spokesperson Jaiveer Shergill said the reduction in interest rates on small savings is irrational, illogical and ill-timed

Moratorium a good option for the cash-starved, banks to take final call

The moratorium is for three months on payment of all instalments due between March 1, 2020, and May 31, 2020, including credit card payments

RBI cuts repo, FM says slashed interest rate needs quick transmission

The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, she added

Go for zero-cost EMI, but don't break investments giving good returns

Cost-benefit analysis needs to be done before choosing an option; calculate hidden interest components

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

Don't fund lifestyle needs with debt; limit your total EMI outgo

Limit the sum total of all your EMIs to 50 per cent of take-home salary

Fixing the demand slump: Seven reasons for slowdown, and possible solutions

The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan

Finding it difficult to pay EMIs? Here are solutions to resolve burden

Negotiate with the bank for better terms, or seek a moratorium

Premium brands pitch easy finance and instalments over superior features

Luxury cars, exquisite fragrances, the trend is feeding into various product categories and over the past few years, the trend has been further accentuated by the growing influence of e-commerce

How no-cost EMIs are dramatically changing e-commerce landscape

Nearly 20% of gross merchandise value is being financed by various credit card companies, banks and e-wallets