personal Loans Archives -

07 Feb

Systematic Investment Plans – SIP vs. Equated Monthly Installment – EMI

A lot of investors consider SIP as EMI’s. This creates an insight that SIP is amazing like an EMI (Equated Monthly Installment). This is incorrect. Somewhat nothing can be further from the truth. Youth of today is more interested into the EMI, be it for a smart phone or a vacation or a fancy laptop. Whereas a SIP, is the best form of asset.

EMI (Equated Monthly Installment) is consumption and at times obvious use, and SIP is an investment.

Given below is the relative study on SIP vs EMI:

Nature of the Scheme: SIP is the systematic investment of the investor’s money in the form of stocks or equity funds for a fixed period of time. Though it gives late satisfaction as the return is coming after a sure span of time, it is a great implement for wealth creation.

In case of EMI, you pay interest to a financier to finance a product you wish to own. In case of a SIP (Systematic Investment Plans) you make a periodic investment from your own money to create wealth or meet one or more of the financial objectives that may be significant to you.

EMI comes with a load in mind while SIP doesn’t.: EMI (Equated Monthly Installment) is a fixed outflow of cash for a fixed period of time. Any default or delay leads to penal interest and default may lead to harassment and anxious calls from the financier and his revival agents. This creates stress. Sometimes the expenses for an exacting month increase and it becomes hard to pay the EMI. This may reason sleepless nights. EMI can never be compromised at the cost of other expenses, no matter how important.

SIP (Systematic Investment Plans) is totally dissimilar. Even if you miss a month or 2, your investment stays whole and the mutual fund company doesn’t not incriminate you even a single rupee. You can expediently stop your SIP any time and even add to or decrease the amount.

Investment Discipline: SIP helps to create and support the asset regulation. You may complete your wishes for important financial objectives like owning a house or your child’s higher education. However, an EMI doesn’t create any long term asset quite you are able to afford a product you may like or need. Another thing is that the EMI can be disastrous if used for personal loans or for overseas vacation which may be high-priced especially in times of financial misfortune like losing a job etc.

Hence, though EMI plays an significant role when you can’t wait to purchase incredible that you may need, in SIP you can buy the same product or maybe something better but at a later date and in a more systematic manner.

26 Dec

Easy Rules of Personal Loan EMI Calculator

When you need money immediately, but your friends and family are unable to assist you, you still have the alternative of going for a quick personal loan. A personal loan is an unsecured loan. So you don’t have to put up any security as with other types of secured loans (auto, home, etc.)

Also, there is no limit on the end-use of money taken as personal loans. So you can make use of it for anything – be it a wedding in the family, paying off other loans or even for going on a holiday. The option is yours.

But like all loans, even a personal loan has to be repaid back. Therefore, you require planning your finances earlier if you want to take a personal loan. It is for this very reason that we have kept a Personal Loan EMI Calculator on this page to help you out.

What is a Personal Loan EMI?
EMI stands for Equated Monthly Installments. These personal loan EMIs are monthly payments (fixed or variable), that you require making to repay your loan as per a given agenda that can be easily calculated using a personal loan emi calculator.

Why should you calculate Personal Loan EMI before you even apply for the loan?
Before you take a loan, you need to assess whether you will be able to repay it back or not. Also, you need to be acquainted with whether you can happily pay the EMI every month for years or not. This is the reason that it is optional to calculate your estimated EMI using a personal loan emi calculator. If you do it previous to in fact applying for the loan, you will know what to expect when you actually apply for the loan.

How to calculate Personal Loan EMI?
You can either take help of maths or you can simply use our EMI calculator for personal loan.
Loan Amount – Personal Loan amount that you would like to borrow.
Interest Rate – Select the rate which the personal loan will be given.

No. of Months – Select the tenure of your Personal loan. As soon as you provide these data points and press the submit/calculate button, the EMI calculator for personal loan will tell you the exact loan EMI, interest to be paid and total amount you require to pay.

If you play with the interest rate and tenure in the calculator, you will understand that the EMI decreases as the tenure of the Personal Loan increases and increases with increase in interest rates.

21 Nov

Systematic Investment Plan (SIP) V/S Equated Monthly Installment (EMI)

Finheal
Mutual Fund
Tags: EMI, investment, personal Loans, SIP, Systematic Investment
2 comments

A lot of investors think SIP as EMI’s. This creates an insight that SIP is amazing like an EMI (Equated Monthly Installment). This is wrong. To a certain extent not anything can be additional from the truth. Youth of now is more paying attention into the EMI, be it for a smart phone or a holiday or a fancy laptop. Whereas a SIP, is the finest form of investment.

EMI (Equated Monthly Installment) is expensive and at times striking consumption, and SIP is an investment.

Given below is the comparative analysis on SIP v/s EMI:

The Nature of the Scheme: SIP is the systematic investment of the investor’s funds in the form of stocks or equity funds for a fixed period of time. Although it gives late approval as the return to be pending after a precise span of point in time, it is a fast tool for capital formation.

In case of EMI, you pay interest to finance for business, a product you desire to own. In case of a SIP (Systematic Investment Plans) you make a periodic investment of your own money to create wealth or meet one or more of the financial objectives that may be significant to you.

EMI comes with a load in mind, whereas SIP doesn’t.: EMI (Equated Monthly Installment) is a set outflow of cash for a fixed period of time. Any default or delay leads to severe interest and default may lead to harassment and frantic calls from the financier and his recovery agents. This creates stress. Sometimes the expenses for a particular month increase and it becomes difficult to pay the EMI. This may cause sleepless nights. EMI can never be compromised at the cost of other expenses, no matter how important.

SIP (Systematic Investment Plans) is totally different. Even if you fail to notice a month or 2, your investment stay intact and the mutual fund company doesn’t not charge you even a single rupee. You can suitably stop your SIP any time and even add to or reduce the amount.

Investment Discipline: SIP helps to make and uphold the investment discipline. You may accomplish your wishes for significant financial objectives like owning a house or your child’s higher education. Though, an EMI doesn’t make any long term asset somewhat you are capable to have enough money a product you may like or require. Another thing is that the EMI can be devastating if used for personal loans or for abroad vacation which may be unreasonable particularly in times of financial bad luck like losing a job etc.

Hence, although EMI plays an important role when you can’t stay to pay money for hard to believe that you may need, in SIP you can purchase the similar product or maybe amazing improved but at a later date and in a more systematic manner.

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