Getting a loan is very easy these days. Banks offer different types of loans such as Personal Loan, Home Loan, and Car Loan to help you meet your diversified individual requirements. Not only getting a loan is easy, paying it back is also equally affordable. You can pay off your principal as well as interest component on the principal with the help of equated monthly installments (EMIs). When you apply for a loan and your loan application is approved, your bank may apply two methods of calculating interest payable on the principal amount; they...
