When you raise a personal loan, the first thing you want to do is to find out your equated monthly instalment or EMI. An EMI calculator ascertains the monthly instalment on the basis of interest rate and loan duration. Year EMI 1 44,424 2 23,536 3 16,607 4 13,166 5 11,122 The loan tenure can be anywhere between one and …
The Kerala High Court has expressed its "distress" over banks deducting monthly loan instalments from the funds deposited into the Wayanad Landslide victims' accounts from the Chief Minister Distress Relief Funds. However, Court orally remarked, “At the State level, Please give instructions to all the banks, at least of those whom you have some degree of control like cooperative banks…there …
MUMBAI: The chairman of a Ranchi-based online tutoring service has been arrested for allegedly defrauding a city-based non-banking financial company of ₹1.5 crore by taking a loan in the name of students, according to MIDC police. Online tutor held for taking loan of ₹ 1.5 cr in students’ name The accused had availed the loan on the pretext of getting …
Courtesy the present pandemic, financial difficulties are hurting industries across all sections. In order to ease out such a daunting situation, the RBI vide its circular dated 27th March 2020 had allowed banks and financial institutions to grant to its customers a moratorium of three months on payment of all loan installments falling due between March 1st, 2020 and May …
