Equated monthly installment

When you manipulate baselines, reclassify tree farms as virgin jungles and erase poverty on paper, you justify cutting the very welfare programs keeping families alive.

Claim the economy is roaring at 8% and interest rates stay high, keeping your home loan EMI painfully expensive.

the numbers and serious investors walk away, killing real job growth.

Demanding honest data isn't anti-national, it's survival.

Abilities obviously has to be checked from the cash flow or income, right? So based on that, the banks normally take decisions, so people who are even in the, you know, let's say, new to credit or early part of the credit, there are levers to understand that, you know, they could be a potentially a better.

Like say, if the income is good and the EMIs are not really up to, let's say, a certain percentage, right? Naturally, they could borrow more, right? So that could become a good set of activity for the lenders to provide.

Now, coming to the credit bureau side, see, we only have...

Credit bureaus have, only have one offering, which is called basically direct-to-consumer credit report, or we have just launched in the Global Fintech Fest, Score Simulator.

I would not say microfinance guys, but one level above who really need money, uh, to build up their house.

So people who are staying there while taking loan and working also around that area and paying up the EMI.

So we liked the company.

So I think average ticket size was that time around fifty thousand or one lakh something, and it-

Mm-hmm.

To, uh...

So it was a very difficult business because, uh, one good thing your financial, uh, is while you give loan, your last EMI or second last EMI is your profit.

So till the time you recover it, it is not a done deal.

48

... a EMI type of loan.

What's the most popular, you know?

12 months is the most popular thing.

Mm.

You know, who, who's mad enough to say that just because I'm buying this, uh, uh, phone on EMI makes it an easier purchase-

Mm

... than paying 1.5 lakhs for that phone.

But, but just to sort of come back to the original issue, is there some sort of, uh, mental block which is resulting in the youth not doing their maths-

Mm

... on what, uh, buying stuff on EMI means? Um, a lot of people tell me there is, I'm not so willing to believe that, that it's as easy as that.

I think there's something else playing out which, which we're not, we're not fully comprehending.

Variable pay, pay this much, five lakh.

Monthly EMI for principal residence is 71,000.

Monthly EMI for rental property," the property that you have, that you've given out on rent, "is 61 and a half thousand, and there is a 60 lakh loan outstanding." Monthly house...

So I'm not reading out all the, uh, expenses.

There's a portfolio of mutual funds.

My daughters are 14 and nine.

I understand I see- need to seriously start building a corpus for their higher education, marriage, and retirement.

Given the low rental yields and a bulk of my assets getting locked in real estate, combined with a monthly EMI outflow, I am seriously thinking I should sell this property and put my profits into investments.

First, the Reserve Bank of India has issued new guidelines for lenders on loan recovery.

Among the provisions being discussed is the question of whether lenders can block smartphones for missed EMI payments.

This is a significant move because it touches on how deeply connected digital devices have become to financial life in India.

The RBI's guidelines aim to clarify what recovery measures are permissible and what crosses the line into harassment or overreach.