top of page
by Square League
RBI’s new rule could reduce your EMI sooner and here’s how...
Earlier, when you took a home loan, your bank fixed something called the ‘spread’, the bank’s margin over the benchmark rate (like the repo rate). Even if your credit score got better, the bank couldn’t change this spread for three years after the loan was issued.
Kiran S N
Nov 72 min read
How can I support my parents financially? A Reverse Mortgage could be your answer
Think of it as a home loan in reverse. Instead of you paying EMIs to a bank, the bank pays you either monthly, quarterly, or as a lump sum against the value of your house or apartment.
Kiran S N
Jul 234 min read
Kerala EMI Crisis: How Rising Debts Are Hurting Families and What You Can Do to Reduce This.
The state's debt-to-asset ratio (DAR), which compares how much debt a household has to its assets, shows a worrying trend. According to the NSS report(2019), the rural households in Kerala had a DAR of 9.7%, while urban households had a ratio of 7.3%.
Remin Francis I R
Jun 72 min read
bottom of page