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| Posted On :- 23/04/2008 | |
| Question Asked :- | |
| what is the advantage of daily reducing,monthly reducing anually reducing balance when the same emi is being paid till the agreed tenure for a particular intrest rate | |
| Answer :- | |
| The EMI will differ based on methodology of calculation. Most banks now
a days use monthly reducing balance method, but some banks also use
quarterly or yearly reducing balance method. In the case of the latter,
the EMI will be more. For more information on personal loan click here |
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| Personal loan query listing |
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| Qid | Question | |
| 11028 | i get 23K monthly,i am s/w engg. can i get 100% TAXBENIFT on Perso | |
| 11026 | I want to apply for personal loan for Rs 100000. Pls tell me whic | |
| 11019 | Iam presently in kuwait,I would like to have a loan of 5 lakhs | |
| 11017 | I TAKE A PERSONLA LOAN FROM PRIME FINANCIAL RS 27000 FOR 30 MONTH E | |
| 11016 | Hi I wanted to know what is daily reducing method and is it applica | |
| 11004 | my wife need personal loan she earns 8000 in hand how much loan c | |
| 11001 | I want credit card & Personal Loan but my monthly income is 850 | |
| 10998 | i am working as lecture in engineering collage and my monthly salar | |
| 10997 | i want personal loan | |
| 10986 | i do not have form 16 how can i avail personal loan | |
| 10981 | WHAT SHOULD BE THE NET SALARY DOCUMENTS REQUIRED FINANCE IS REDUS | |
| 10970 | My annual income as per ITR is 261000. can you please tell the maxi | |
| 10968 | in documents of personal loan , they are asking for 3 blank cheque | |
| 10967 | i am a personal loan holder. sir, please tell me, if i will miss | |
| 10966 | i have taken personal loan from HDFCBank for rupees 1 lakh. it is | |
| 10954 | i want to take 2 lacs loan for 3 years from hdfc bank, i want to | |
| 10951 | Im a srilankan residence with "sinhalese" nationality. Can i apply | |
| 10949 | I have already got a personal loan from i.c.i.c.i abnk 1,00000..f | |
| 10943 | I have pre approved loan of 4,46,000 lacs from icici bank at 16% | |
| 10941 | i have just started my job. can i get a personal loan of 60,000 f | |
| 10935 | What are the hidden charges that banks may rise after the loan gi | |
| 10924 | wanted loan | |
| 10911 | what's the maximum limit of loan that can be given | |
| 10906 | I am an IT professional working in Bangalore with monthly salary as | |
| 10902 | I am working as a Lab faculty in engineering college.on the monthl | |
| 10901 | Dear Sir, I have had bad credit in the past due to credit cards, | |
| 10900 | i m an IT proffessional working in Mumbai based company. my salary | |
| 10899 | What is the difference between FLAT rate and REDUCING rate? I need | |
| 10893 | I need PL amount Rs. 50000, iam working in bangalore. my native sal | |
| 10883 | sir, i want to take loan of Rs. 1 lakh from HDFC bank. some time | |
| 10879 | I WANT TO CLOSE MY PERSONAL LOAN. I WANT TO KNOW THE PROCEDURES &am | |
| 10870 | What is the difference between floating interesr and fixed interest | |
| 10859 | will i get a loan of rupees 25000 or 20000 for iam basically fro | |
| 10824 | i am having a personal loan of co-op bank of rs. 2 lakh & hav | |
| 10822 | need personel loan presently i am working in KSA, Nationality IND | |
| 10821 | How Can i get tax benifit with personal Loan | |
| 10811 | I am paying a total EMI of Rs. 32,000+ for various personal loan | |
| 10806 | I have applied for personal loan for Rs 5 Lacs for 5 years and i | |
| 10794 | dear sir , i want 3 lakhs only . problem is | |
| 10770 | I need a personal loan to clear my Credit Card dues. It happens to | |
| 10758 | I m working at homebes job on computer earn 5000 pm can you provide | |
| 10757 | i want to apply for personal loan for rs 100000 but i hold 2 cred | |
| 10755 | WHY MY NAME IN CIBIL LIST NOR I DEFAULTER NOR I HAVE NOT PAID ANY F | |
| 10746 | i have applied for personal loan and want to know if any document | |
| 10741 | I went through your article on Debt Consolidation Loan. Pls let me | |
| 10738 | I have got personal loan of 235000 on 15.5% for 60 months. left t | |
| 10676 | which bank provide persional loan at lowest rate of interest ? an | |
| 10672 | what are the interest rates of nbfcs giving personal loans | |
| 10650 | I have Three Questions: 1.I need a Personal Loan of 300000 and my | |
| 10642 | I had taken a personal loan, on which they had charged me 35% rate | |
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