interest rate
Know How to Calculate EMI (Equated Monthly Installments)
When a person takes loan from a bank to buy a house for a fixed tenure, he has to pay EMI (Equated Monthly Installments). EMI is the term used for the monthly payment made by a borrower to the lender towards interest and principal money borrowed. EMI amount depends on the following factors: Amount of Loan: […]
Union Budget 2012 Impact on Real Estate in India
The much awaited budget of 2012-13 which was recently presented by the Honorable Finance Minister had no drastic changes for the Real Estate sector as compared to the previous year’s budget. As expected, the personal income tax slab has been hiked and 1% interest subvention scheme continues for an affordable housing in India. According to […]
