Sometimes, it takes a little help to achieve the lifestyle we aspire to. When considering a personal loan or credit line to reach that goal, it can be hard to decipher the ways interest rates are ...

A. Loans are usually repaid in equated monthly instalments (EMI). The EMI is computed using a method in which the outstanding principal is reduced as you pay and the interest charged on the ...

Most financial institutions offer reducing-balance loans for housing. Under this method, interest is computed based on the outstanding principal following each repayment. With the escalating real ...

Lenders use risk-based pricing to determine interest rates on loan applications. Flat Rates and Reducing Balance Rates are the two prevalent rate structures employed by lenders to fix the cost of ...

There are banks, NBFCs and online lenders who promote easy and quick loans on flat interest rates. These flat interest rates have been used as a marketing tool by lenders for enticing a customer by ...

BORROWERS of the Students’ Loan Bureau (SLB) should soon get a reprieve from high interest charges as the bureau is moving to adopt the reducing balance mechanism of calculating interest, rather than ...