Tag Archives: EMI calculation

Buying A Bike? Should You Go For EMI Or Self Fund Through SIP?

Equated monthly instalment (EMI) is used to repay the outstanding amount along with the accrued interest when you borrow money. Systematic Investment Plan (SIP) is a tool to grow your fund over a period of time by investing in Mutual Fund schemes.

How EMI break ups are done in personal loans?!

While it is not very difficult now to take a personal loan, it is not so simple to pay back the loan. This is because personal loans are unsecured loans, and come with high interest rates. As a result, the Equated Monthly Instalment factor (or the EMI) can be a drain on your salary, depending… Read More »