Loan Emi News - Latest Updates & Headlines
Earning Indians allocating over 33 pc of income towards paying loan EMIs: Report
Bengaluru, Feb 19: As private consumption surges in India, earning individuals across all city tiers are allocating more than 33 per cent of their income (on average) towards paying loan EMIs, a report showed on Wednesday.
Explainer: All you need to know about floating interest rate on EMI-based personal loans
Mumbai, Jan 10: The RBI on Friday issued a set of FAQs to clarify its circular on 'Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal Loans' and provide a better understanding of the clauses for the benefit of borrowers.