Loan guides
Plain answers to the questions borrowers actually ask, worked through with real numbers. Each guide links to a calculator so you can check your own loan.
- Flat vs Reducing RateFlat rate vs reducing rate: why 9% flat is really about 16%Why a flat interest rate costs far more than it sounds, how to convert it to a reducing rate, and how to spot flat-rate quotes on bike, car and consumer loans.5 min read
- Compare OffersThe true cost of a personal loan: processing fees, GST and APRWhy the lowest interest rate isn't always the cheapest personal loan. How processing fees, GST and insurance change the cost, and how to compare offers by APR.5 min read
- Car Loan EMICar loan: how much down payment and what tenure?How much to put down on a car, which tenure to choose, and a simple budget rule, with real EMI and interest comparisons for 3, 5 and 7-year car loans.5 min read
- Compare OffersTop-up home loan vs personal loan: which is cheaper?When a top-up on your home loan beats a personal loan, when it doesn't, and how tenure changes the real cost, with a worked ₹5 lakh example.5 min read
- Home Loan EligibilityHow your CIBIL score affects your loan interest rateHow your credit score changes the rate you pay, what a weaker score costs on a home loan, what affects your score, how to improve it, and your rights.5 min read
- Card / No-Cost EMIIs no-cost EMI really free? The hidden costs, explainedNo-cost EMI isn't zero cost. See how it works, why you still pay GST on interest and fees, and when paying in full is cheaper, with real numbers.5 min read
- Home Loan EligibilityHow much home loan can I get on my salary?How banks work out home loan eligibility from your salary, existing EMIs and age, with examples, RBI's LTV limits and ways to improve your eligibility.6 min read
- EMI vs TenureReduce EMI or tenure after prepayment: which saves more?After a home loan prepayment, should you lower your EMI or shorten the tenure? See the difference in interest with real numbers, and when each choice makes sense.5 min read
- Education LoanEducation loan moratorium: should you pay interest while studying?How interest builds up on an education loan during the course and grace period, what paying it early saves, and how Section 80E helps, with real examples.5 min read
- Prepay vs InvestPrepay your home loan or invest the money? How to decideShould you prepay your home loan or invest in mutual funds or FDs? A fair comparison with real numbers, the break-even return, and what the numbers don't show.6 min read
- Balance TransferHome loan balance transfer: when is it worth it?When moving your home loan to another bank saves money, what it costs, how long it takes to break even, and why you should ask your bank for a lower rate first.5 min read
- ForeclosureClosing your home loan early: charges, steps and documents to collectHow to close your home loan early, whether there's a charge, the documents to collect, and RBI's rule that lenders pay ₹5,000 a day if they delay returning them.5 min read
- Gold LoanHow much gold loan can I get per gram? RBI's rules explainedHow lenders value your gold, RBI's 85/80/75% loan-to-value limits, EMI vs bullet repayment, and the rules on returning your gold, with a worked example.5 min read
- Income TaxHome loan tax benefits: old vs new tax regimeWhat home loan tax deductions you get on interest and principal, why the new regime gives none for a self-occupied home, and how to pick the right regime.5 min read
- Home Loan EMIRBI changed the repo rate: what happens to your home loan EMI?How a repo rate cut or hike reaches your home loan, whether your EMI or tenure changes, what it costs, and your rights at every rate reset.5 min read