Page 3 - Emi

Man arrested for duping over 2500 people by offering phone on EMI

A 32-year-old man was arrested from Ghaziabad for allegedly duping over 2,500 people on the pretext of getting them mobile phones on EMI through fake websites

SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit

The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration

Waiver of EMI interest against basic canon of finance: Centre to SC

Waiver of interest on deferred EMIs during the moratorium period would be against the basic canons of finance and unfair to those who repaid loans as per schedule, the Centre told the Supreme Court

Are you in financial trouble? Ask your bank to restructure your loan asap

Take your repayment capability and the extra interest cost involved when choosing a restructuring option

Tata Motors announces six-month EMI holiday scheme on select models

The automaker said it is also offering affordable, step-up EMIs on long-tenure loans of up to eight years through its association with multiple financing partners

Interest rate waivers for loans during moratorium to harm depositors: AIBDA

It further added that historically, the sovereign covered the loan interest waivers, but in the current situation, a shortfall in revenues both at the Centre and state level will not permit the same

Opting for EMI on health insurance premiums? You may end up paying more

This is because insurers are levying a nodal charge of 3-4 per cent on premium paid through instalment

SC seeks finance ministry's reply on waiver of interest during moratorium

The top court said there are two aspects under consideration in this matter no interest payment on loans during the moratorium period and no interest to be charged on interest

Extension of moratorium on loan repayment to affect liquidity: Icra

In March, RBI had announced a three-month moratorium on loan repayments due between March 2020 and May 2020. Last month, the central bank further extended the moratorium by three months

Covid-19 crisis: Here's how you can manage your finances after job loss

Those who have been handed the pink slip shouldn't make too many loan queries

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

NBFCs to face liquidity crunch on lack of clarity on RBI moratorium: Crisil

RBI had announced a relief package which included a three-month moratorium on payment of all term loans outstanding as on March 1, 2020

Covid-19 relief: Citi Bank releases FAQ on deferred EMIs and its impact

RBI had ordered a moratorium of three months on EMIs

Covid-19 relief: HDFC Bank releases FAQ on deferred EMIs and its impact

Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers

Covid-19 relief: SBI relaxes payment timeline for one time settlement

The bank said it would not charge any interest on the amount for this extended period

EMI moratorium: No big gains for borrowers, banks to charge interest later

Experts feel that the three-month moratorium on repayment on loans to help people fight the impact of coronavirus seems to be benefiting banks rather than borrowers

Interest rate cut on small savings heartless, must be rolled back: Congress

Congress spokesperson Jaiveer Shergill said the reduction in interest rates on small savings is irrational, illogical and ill-timed

Moratorium a good option for the cash-starved, banks to take final call

The moratorium is for three months on payment of all instalments due between March 1, 2020, and May 31, 2020, including credit card payments

RBI cuts repo, FM says slashed interest rate needs quick transmission

The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief, she added

Go for zero-cost EMI, but don't break investments giving good returns

Cost-benefit analysis needs to be done before choosing an option; calculate hidden interest components