How AI Is Transforming Lending in Fintech

By: Gopal Agarwal0 comments

Not long ago, getting a personal loan meant weeks of paperwork, a single credit score deciding your fate, and a lot of waiting. That process is being rebuilt from...

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EMI Calculator: EMI Calculation in Excel

By: Gopal Agarwal

Excel can estimate a fixed monthly loan payment with the PMT function. Use consistent units for the interest rate and repayment term. Set up the inputs B1: loan amount,...

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Bank of Maharashtra Home Loan Offer: January 2024

By: Gopal Agarwal

Bank of Maharashtra reduced its home loan rate by 15 basis points to 8.35%. The lender has also waived off processing fees on home loans.

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Home Loan EMI vs. Monthly Rent: Making the Right Choice

By: Gopal Agarwal

Home Loan EMI vs. Monthly Rent: Making the Right Choice or what should you opt for for making a right investment decision.

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Proposed Housing Loan Subsidy: 2023 News Archive

By: Gopal Agarwal

The scheme will offer an annual interest subsidy of between 3-6.5% on up to 0.9 million rupees of the loan amount. Housing loans below five million rupees availed for...

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Home loan: New RBI rules can help to save a lot in interest; know how

By: Gopal Agarwal

It asked banks and non-banking finance companies (NBFC) should clearly communicate the impact of any rate change on the EMIs and loan tenure. Financial institutions have to give borrowers...

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RBI Rules on Returning Property Documents: 2023 Archive

By: Gopal Agarwal

This would include consumer credit, education loans, loans given to create or enhance immovable assets and loans for investment in financial assets like shares, debentures and others. RBI has...

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Home Loan Processing Fees and Charges: A Comprehensive Guide

By: Gopal Agarwal

Introduction: Purchasing a home is a significant financial decision for most individuals, and more often than not, it involves taking out a home loan. While the interest rate is...

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Understanding MCLR and Base Rate: A Comparative Analysis

By: Gopal Agarwal

Introduction: In the banking sector, interest rates play a crucial role in determining the cost of borrowing for customers. Over the years, different methods have been employed to calculate...

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What banks see while processing your loan applications?

By: Aditya Agarwal

When processing a loan application, banks typically look at several factors to determine whether the applicant is eligible for a loan. Here are some of the things that banks...

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