EMIs
topic on 1 show · 2 statements across 2 episodes
2 statements about EMIs, every show
Lenders only realize their profit in the final EMIs of a loan
“The lender makes his monies only in the last few EMIs. If you have, let's say, a 60 month loan, the first 55 months, if he repays well, you don't make monies. You know, you're getting your principal back, you're, you know, repaying your borrowed monies, you're…”
Shenoy: Primary home EMIs do not count as long-term savings
“So a lot of people have these EMIs, which don't allow them to save. So they keep using those EMIs to buy their house or whatever. And then the house is not really a saving for a long term. You're going to all have that house and that's going to be a house you'…”