ie. when you repay the entire personal loan before your tenure ends. This charge is based on a percentage of the remaining personal loan balance or a certain number of months’ worth of interest. AtStandard Chartered, personal loan prepayment charge...
No GST on Interest Rates When determining a lender, the interest rate is a crucial factor for many borrowers. It’s vital to keep in mind that GST does not apply to the interest paid on personal loans. Interest payments are part of the financial contract between the borrower and lender and...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST, with Corporate Laws which are being used by the professionals and business entities in day to day activity.
The newsworthy 28th GST council meeting that was held on 21st July 2018 and headed by the Union Minister of Finance Sh. Piyush Goyal has indeed proved to be a trendsetter as it has revealed several groundbreaking economic and fiscal reform measures that are indubitably in the interest of...
As per a MediaNama analysis, these digital lending apps use photos of famous media personalities, trusted bank logos, and misleading interest rates in the advertisements on such platforms. However, the ad policies of both companies explicitly prohibit such harmful advertising. Additionally, in 2024...
Piyush Goyal has indeed proved to be a trendsetter as it has revealed several groundbreaking economic and fiscal reform measures that are indubitably in the interest of the small traders and the consumers. Besides the noteworthy reforms as regards GST registration a Read More 01 Jan 1970Posted ...
EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India with detailed analysis. Use our Home Loan EMI Calculator to calculate equated monthly installments for your home loans. Get all details on interest payable and tenure usin...
Months. Interest Rate. % - Calculate returns on your monthly SIP investments - Fast and Easy VAT Calculator - GST calculator to find pre-GST and post-GST amounts EMI Calculator - Calculate Equated Monthly Installment (EMI) for Home Loan / Housing Loan, Car Loan & Personal Loan in India ...
However, GST is not applicable to loan repayments or interest payments. It is only levied on processing charges and other fees excluding principal and interest payments. Therefore, the overall impact of GST on loans remains minimal, primarily affecting ancillary charges like processing fees and ...
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