Taking a loan has become very common today. From buying a house to purchasing a mobile phone, loans are easily available everywhere. But the real problem starts when people don’t understand how interest is calculated and whether the loan they are taking is actually useful or not . Two things decide whether a loan helps you or hurts you: The interest calculation method (reducing balance vs. flat interest rate) The purpose of the loan (Asset or Liability) In this blog, we wi

Taking a loan is easy today, but repaying it comfortably is what really matters. Many people focus only on getting fast approval and low EMI, without understanding how interest is calculated, what happens if an EMI is missed, or what documents actually matter. Whether it’s a home loan, personal loan, education loan, or business loan , knowing terms like ‘ reducing balance method,’ ‘flat interest rate,’ ‘CIBIL score,’ ‘sanction letter,’ and ‘ EMI due date penalties’  can prot