EMI basics
How EMIs work: interest, tenure, and what changes when you pay more.
EMI basics
Flat rate vs reducing rate: why a 10% loan can cost 18%
A '10% flat' loan really costs about 18% a year. ₹1 lakh worked out both ways, how to spot a flat rate, and the one question to ask before you sign.
5 November 2026
EMI basics
How is EMI calculated? The formula, explained simply
The EMI formula in plain words, a ₹5 lakh loan worked out step by step, why early EMIs are mostly interest, and how tenure changes what you pay.
3 November 2026
EMI basics
How much EMI can I afford on my salary? A simple rule
A simple rule for how much EMI your salary can handle, with a ₹ table for ₹30,000 to ₹1 lakh take-home and the loan size each EMI buys.
1 November 2026
EMI basics
42% of phones in India are bought on EMI. What it means for you
Counterpoint expects 42% of smartphones sold in India in 2026 to be bought on finance. What that means for your family budget, with a ₹ example.
1 November 2026
EMI basics
What happens if you miss an EMI? Day by day, and what to do
Missed an EMI? What happens on day 1, day 30 and day 90, what one missed EMI really costs in rupees, and what to do in the first 48 hours.
1 November 2026
EMI basics
Is 'No cost EMI' really free? The hidden charges, explained
Buying on No cost EMI this Diwali? How the discount and interest cancel out, the charges that don't, and a ₹30,000 phone worked out in full.
31 October 2026