Tag: EMI

New Trends in Eligibility for Loan Against Property Applications Revealed

In today’s evolving financial ecosystem, a loan against property (LAP) has become one of the most reliable instruments for accessing large sums of money. Whether it is for expanding a business, funding higher education, meeting medical emergencies, or consolidating debts, property-backed loans provide borrowers with high-value financing at relatively lower interest rates compared to unsecured loans. However, just as financial institutions continue to innovate their offerings, they are also redefining the way they assess and approve applications. The eligibility for loan against property is no longer confined to traditional metrics like income and property value alone. New trends are reshaping the approval landscape, giving more individuals and businesses an opportunity to secure funding. This article delves into the latest changes in eligibility criteria, what borrowers should prepare for, and how these evolving trends can impact loan approval in the future.

Traditional Eligibility Framework: A Quick Recap

Traditionally, lenders considered a few fundamental aspects when evaluating a borrower’s eligibility:

1.    Age of the Applicant – Salaried individuals typically had to fall within the age bracket of 25–60 years, while self-employed professionals could go up to 65 years.
2.    Income Stability – Proof of steady income through salary slips, bank statements, or audited financials for self-employed individuals.
3.    Property Valuation – The loan amount was primarily linked to the property’s current market value, usually allowing borrowers to avail 50–70% of its worth when applying for a property loan.
4.    Credit Score – A healthy CIBIL score above 700 was considered essential for approval.

While these parameters remain important, lenders today are incorporating additional considerations to provide a more holistic assessment.

New Trends in Eligibility for Loan Against Property

1. Digital Footprint Consideration
Financial institutions are increasingly analyzing digital financial behavior to assess creditworthiness. Online transaction patterns, timely payment of utility bills, and digital credit records are being factored in alongside traditional credit scores. This trend benefits applicants with limited credit history but strong digital financial discipline.

2. Expanded Age Limits
Many lenders are becoming more flexible with age restrictions. For instance, older self-employed applicants beyond 65 are being considered, especially if they have a strong business cash flow or adequate property value. This inclusivity reflects the reality of longer working lives and entrepreneurship beyond retirement age.

3. Inclusion of Non-Salaried Income Sources
Previously, income from part-time work, rental earnings, or freelance engagements was often ignored. Today, lenders are accepting diverse income streams, acknowledging the gig economy and multiple-income households. This shift broadens the pool of eligible applicants significantly.

4. Higher Loan-to-Value (LTV) Ratios
Some financial institutions are now willing to sanction loans of up to 75–80% of a property’s value, especially in urban areas with high real estate demand. This helps borrowers unlock greater liquidity from their assets.

5. Customized Eligibility for Women Borrowers
To encourage financial independence, lenders are introducing relaxed terms for women applicants. These may include lower interest rates, flexible repayment options, and quicker approval timelines.

6. Focus on Business Potential for Self-Employed Individuals
Instead of just looking at past income records, lenders are increasingly evaluating the future potential of businesses. For example, start-ups or MSMEs with strong growth prospects and healthy order books may find it easier to secure loans even without long financial histories.

7. Use of Alternate Data for Credit Assessment
Lenders are gradually embracing alternative data, such as rental payment history, insurance premium payments, or mobile wallet usage. This trend especially benefits first-time borrowers or those with thin credit profiles.

8. Green Property Preference
Sustainability trends are making their way into financial services too. Borrowers pledging eco-friendly or energy-efficient properties are being rewarded with better terms, reflecting a global push toward sustainable finance.

What Borrowers Should Keep in Mind

As eligibility norms diversify, borrowers should proactively prepare to enhance their chances of approval:

●    Maintain a Clean Financial Record: Pay EMIs, credit card dues, and utility bills on time to build a positive financial footprint.
●    Document All Income Sources: Whether rental, freelance, or part-time, having verifiable documentation for all streams strengthens your application.
●    Leverage Technology: Use digital payment methods and maintain transparent financial transactions, as these are now being tracked by lenders.
●    Choose the Right Property: If your property is in a prime location or adheres to green-building standards, it may help you negotiate better terms.
●    Check Your LTV Ratio: Be aware of the current market value of your property and how much of it you can realistically expect as a loan.

The Future of Loan Against Property Eligibility

The landscape of eligibility for loan against property is expected to evolve even further with the adoption of Artificial Intelligence (AI) and Machine Learning (ML) in credit assessment. Predictive analytics will allow lenders to forecast repayment capacity with greater precision, reducing risks and enabling faster approvals. Additionally, blockchain technology could bring unprecedented transparency in property valuation and ownership verification, making the process smoother for borrowers and lenders alike.

Financial inclusion is at the heart of these changes. By moving beyond rigid eligibility norms, lenders are ensuring that more individuals and businesses—especially those in the unorganized sector or with unconventional income structures—gain access to much-needed financing.

Conclusion

The changing trends in eligibility for loan against property applications signify a broader shift in the financial industry toward inclusivity, innovation, and customer-centric approaches. From recognizing non-traditional income sources to considering digital footprints and even the eco-friendliness of pledged properties, lenders are adapting to the realities of modern financial life.

For borrowers, this means greater opportunities—but also a greater responsibility to maintain transparency, financial discipline, and proper documentation. By staying informed about these evolving trends, individuals and businesses can better position themselves to secure property-backed loans with favorable terms, unlocking the full potential of their assets in the process.

September 16, 2025
How Accurate Are Online Personal Loan EMI Calculators?

In today’s digital world, applying for a personal loan is quicker than ever. But before you commit to borrowing, it’s essential to know how much you’ll need to repay each month. This is where an EMI calculator becomes incredibly useful. It helps you get a quick estimate of your monthly payments, allowing you to budget better and plan your finances in advance.

But how reliable are these online tools? Can you trust the results they provide? Let’s explore what goes into a personal loan calculator and how close it comes to real figures.

Understanding What an EMI Calculator Does

An EMI calculator is a free online tool that estimates your monthly Equated Monthly Instalment (EMI) based on three inputs—loan amount, interest rate, and tenure. Once you fill in these fields, it instantly shows how much you’ll need to pay every month to clear the loan over the selected time period.

This helps you get clarity on affordability. Whether you’re borrowing for medical expenses, home renovation, or a planned purchase, knowing your potential EMI in advance keeps you informed and in control.

What Makes a Personal Loan Calculator Useful?

The following are key reasons to use personal loan:

Instant Results

One of the biggest advantages is speed. A personal loan calculator gives you results within seconds. You don’t have to manually work out formulas or estimate monthly payments—it does all the math for you.

Transparent Planning

It provides a full breakdown of your EMI, including the principal and interest components. You also get an idea of the total interest payable over the loan’s tenure. This allows you to compare loan terms and decide what works best for your budget.

Helps with Comparison

If you’re considering multiple offers, a calculator can help you compare them side by side. You can adjust interest rates and tenures to see how they affect your monthly outgo and total repayment.

How Accurate Are These Tools?

Most online personal loan calculators use a widely accepted formula to calculate EMIs. The accuracy depends on how closely your actual loan terms align with the values you input.

EMI is calculated based on three key factors: the loan amount, the monthly interest rate (derived from the annual rate), and the loan tenure in months. For example, a ₹5,00,000 personal loan at 10.70% interest over 5 years results in an estimated EMI of around ₹10,829. Doing this math manually can be tedious and error-prone, which is why using an EMI calculator is a quicker and more reliable way to get accurate repayment estimates instantly.

If the details you enter match the final loan offer you receive, then the EMI estimate will likely be very close to your actual repayment amount.

Variables That Can Affect Accuracy

While the tool itself is precise in calculation, it does not account for extra fees like processing charges, late payment penalties, or insurance costs that some loans might include. These hidden costs can affect the overall amount you pay, even if the EMI itself stays the same.

Also, if the interest rate is floating or changes over time, the calculator won’t be able to predict those fluctuations; it works only with the values you enter at that moment. For a more detailed estimate, you can enter the details in the eligibility calculator on IDFC FIRST Bank’s website. You might also find that platforms like FIRSTmoney Instant Personal Loan offer integrated tools that provide more comprehensive insights, potentially factoring in these additional costs for a clearer overall picture of your loan liabilities.

Conclusion

An online EMI calculator is an effective way to estimate your monthly payments and get a better understanding of what a personal loan might look like. While the figures it provides are based on standard calculations and are generally accurate, the final numbers could vary slightly depending on the exact terms offered to you.

To get the best results, make sure the inputs you provide, especially the interest rate and tenure—are realistic and as close to your loan offer as possible. Think of the calculator as a guide, not a guarantee. Used wisely, it can help you borrow with clarity and confidence.

July 18, 2025

Instant Loan vs Personal Loan: Which is Better?

Choosing the right funding option is tricky when you need funds to handle an emergency or fulfil a dream. Personal Loans and instant loans are the most common options to choose from. You must understand the differences between the two and decide which one best fits your needs. Let’s understand what a Personal Loan is and how it differs from an instant loan. Accordingly, you can make an informed choice for your financial well-being.

What is an Instant Loan?

Instant loan is an unsecured funding option that primarily aims to provide quick funds for emergencies. They provide fast and hassle-free funds through a website or Instant Loan app. These funding options are excellent for those who need money urgently. It’s wise to borrow them for quick financial needs like home renovation, vehicle repair, or last-minute wedding expenses.

Key Features

● Approval depends on your income and risk profile.
● Get instant funds without extensive documentation or formalities.
● You may choose a repayment period according to your EMI affordability.
● An instant loan does not require any security.

Pros and Cons of Instant Loans

Let’s look at the pros and cons of instant loans:

Pros:

● No collateral is necessary to qualify for an instant loan.
● Quicker funding access without office visits or documentation.
● Those with a good credit history find it easier to get approved.
● Lenient eligibility criteria make them easily accessible.
● The quick loan process makes them instantly available.
● You can receive cash within 48 hours of applying.

Cons:

● Strict eligibility criteria you must fulfil.
● Conducting enough research is essential to compare the loan products.
● Interest rates are competitive due to instant availability and no collateral requirement.

What is a Personal Loan?

A personal loan is a short-term funding option that lets you borrow money from a financial institution or NBFC, including for a wedding, education, home renovation, or travel plan. Obtaining these unsecured loans is easy without providing any guarantor, security, or collateral.

Key Features

● Personal Loans are approved based on your creditworthiness and repayment capacity.
● You can use the funds for various planned and unplanned purposes.
● The repayment tenure is flexible, ranging from a few months to a few years.
● Many loan providers offer quick disbursement within 48 hours.
● Factors like your financial profile, income, DTI ratio, and repayment capacity determine the size of your loan sanction.

Pros and Cons of Personal Loans

Let’s look at the pros and cons of Personal Loans:

Pros:

● A well-established source to borrow funds.
● Dealing with a trusted NBFC ensures peace of mind.
● You can borrow a loan amount according to your needs and repayment capacity.
● An EMI calculator helps you choose a repayment tenure with affordable EMIs.
● You don’t need to pledge an asset as collateral.
● You can use the loan amount for various purposes, including a foreign trip, wedding, education, etc.
● Easily accessible through a Personal Loan app.

Cons:

● Due to their unsecured nature, the interest rate is higher than that of secured loan options.
● Comparing the loan offers is essential due to the high competition in the loan market.
● Making a solid repayment plan is vital, as missing the EMIs may reduce the credit score.

Difference Between Personal Loans and Instant Loans

Let’s understand a few points of difference between Personal Loans and instant loans:

Parameter	Instant Loans	Personal Loans
Eligibility	Based on credit history, income, and other criteria	Requires detailed assessment, including age, employment status, work experience, and income
Repayment Tenure	Short-term	Ranging from a few months to a few years
Application	100% paperless and digital	Offline or online through a loan app or website
Loan Processing	Quick approval, minimal formalities	Detailed evaluation process
Disbursal	Directly to the bank account within a few hours	May take up to two days for disbursal to the bank account
Loan Amount	Smaller loan sanctions	Higher loan amount according to your income and repayment capacity

When Should You Take an Instant Loan?

Consider taking an instant loan if you need quick access to funds for urgent expenses. It is more appropriate for sudden expenses, such as urgent vehicle repairs, spontaneous travel plans, last-minute wedding expenses, etc.

When Should You Take a Personal Loan?

A Personal Loan is an ideal option if you need a bigger sum and want to repay it over a longer tenure. It is more appropriate for planned expenses, such as going on a vacation, renovating the house, buying gadgets, or consolidating debt.

Stepwise Procedure to Apply for a Personal Loan Online

Follow these steps to apply for an instant Personal Loan through reliable apps like Hero FinCorp.

● Install the loan app from the Play Store
● Choose the loan amount and preferred EMI
● Enter the required details
● Complete your KYC process
● Input your bank account details
● Get real-time approval of the loan
● Digitally sign e-Mandate and loan agreement
● Receive the loan amount in your account within 48 hours

Choosing between an instant loan and a Personal Loan depends on your financial requirements and preferences. An instant loan is an appropriate option if you need a small loan amount quickly for an emergency. However, a Personal Loan is more suitable for larger loans and longer repayment terms. Evaluate your situation carefully and select an option that best aligns with your goals. The Hero FinCorp Personal Loan app can help you apply for a loan of Rs 50,000 to Rs 5 Lakh. The interest rates are competitive and repayment tenures are flexible.

Disclaimer: The information provided in this blog post is intended for informational purposes only. The content is based on research and opinions available at the time of writing. While we strive to ensure accuracy, we do not claim to be exhaustive or definitive. Readers are advised to independently verify any details mentioned here, such as specifications, features, and availability, before making any decisions. Hero FinCorp does not take responsibility for any discrepancies, inaccuracies, or changes that may occur after the publication of this blog. The choice to rely on the information presented herein is at the reader’s discretion, and we recommend consulting official sources and experts for the most up-to-date and accurate information about the featured products.

February 17, 2025

Why is a Personal Loan for Diwali a Smart Choice?

Diwali, the festival of lights, is a time of celebration, joy, and togetherness. It signifies the victory of light over darkness, and good over evil, and celebrated with grandeur. Families come together, decorate their homes, and make new purchases, such as clothes, home appliances, etc., to mark the occasion.

It is a time when everyone wants to welcome happiness and prosperity into their lives. But, with all the excitement, expenses can quickly add up. In moments like these, a personal loan online can be a prudent way to bridge any financial gaps.

Whether purchasing new furniture, renovating your home, or buying gifts for your loved ones, personal loans can offer flexible and quick funding. Now you may wonder, “Why should I apply for an instant personal loan for Diwali?”

Let’s understand why this can be a stress-free way to celebrate Diwali to the fullest.

1) Instant approval and disbursal

During Diwali, quick access to funds is important for taking care of expenses like event planning, shopping, decoration, etc. Traditional loans usually have lengthy approval processes, but instant personal loans provide a much faster solution. Here’s how:

• Apply online: You can complete the entire application process from the comfort of your home through a user-friendly digital platform.
• Quick approval: With automated systems assessing your credit score and eligibility instantly, many lenders provide loan approvals on the same day of application. This eliminates the stress of waiting for days or weeks.
• Instant disbursal: Once your loan is approved, the funds are directly transferred to your account, allowing you to make timely preparations and purchases for Diwali.

This process ensures you can focus on celebrating the festival without stressing about financial constraints or delays.

2) Flexible loan amounts

Diwali expenses differ from individual to individual – whether it is for buying gifts or making home improvements. Instant personal loans permit you to borrow the amount that best matches your specific needs.

You can avail amounts ranging between a few thousands to a few lakhs, catering to both small and large financial needs.Borrowing the exact amount ensures you can cover all your expenses without over-borrowing or under-borrowing. This flexibility helps avoid unnecessary debt, while ensuring your needs are completely met.

So, in case you are looking to refurbish your home for Diwali, you can opt for a higher loan amount, or if you just need funds for buying gifts, you can go for a smaller sum.

3) Convenient tenure

Repayment schedules can be daunting, but personal loans offer flexible repayment tenures, making it easier to manage post-Diwali finances. This is useful particularly when dealing with larger expenses.

• Flexible repayment tenures: With repayment periods ranging between one and four years, you can choose a timeline that aligns with your financial scenario.
• EMI option: Option to choose an Equated Monthly Instalment (EMI) plan that fits your monthly budget and spreads the repayment over several months or years.

This flexibility helps you enjoy Diwali stressfree, knowing you have enough time to manage theloan repayment.

4) Competitive interest rates

Personal loans often come with competitive rates, making them an affordable borrowing option compared to high-interest alternatives like informal lending.

• Interest rates: With interest rates beginning as low as 10.49% p.a., personal loans offer a cost-effective way to fund your Diwali celebrations.
• Lower repayment costs: The lower the interest rate, the smaller the overall repayment amount, helping you manage future financial obligations more efficiently.

Note that opting for a personal loan with competitive interest rates means you can celebrate the festival without the stress of excessive financial burdens.

6) Personal loan calculators for better planning

Proper financial planning is essential, particularly when borrowing money. Online personal loan calculators are valuable instruments that help you plan your loan effectively.

• EMI computation: These online calculators allow you to figure out the monthly EMI amount depending on your loan amount, interest rate, and selected repayment tenure. This enables you to choose a loan that matches your monthly budget.
• Overall interest: You can also compute the overall interest payable over the loan’s tenure, helping you plan better for future expenses.
• Budget management: Using such online tools before applying for a loan ensures that you do not overextend yourself financially, making for a more stress-free repayment experience.

So, before applying for a personal loan, you must ensure to use a personal loan EMI calculator to understand exactly how much you will need to repay monthly.

7) Versatile financial solution for all your Diwali needs

Personal loans are designed to offer complete freedom in how you use the funds, making them a prudent option for covering various Diwali expenses. Whether you are looking to renovate your house, purchase gifts, or plan a festive gathering, personal loans provide the flexibility to address all your financial needs without restrictions.

Despite all these benefits and conveniences, lenders often falter at choosing the right lender. If you are trying to figure out one of the best lenders for an instant personal loan, consider IndusInd Bank.

IndusInd Bank Instant Personal Loans offer the following benefits:

• Repayment tenure: One to four years
• Loan amount: ₹30,000 to ₹5 lakh
• Interest rate: Starting from 10.49% p.a.
• Paperless process: 100% digital with no physical documentation required

By opting for an IndusInd Bank Instant Personal Loan, you can enjoy a hassle-free, paperless process and secure the amount you need with flexible terms and competitive rates. This ensures quick access to funds, allowing you to celebrate Diwali with financial ease and peace of mind.

Ending note

With quick approvals, flexible amounts, and convenient repayment terms, instant personal loans provide a smart way to handle your Diwali expenses without dipping into your savings.

Whether you are looking to make significant purchases or simply manage festive costs, applying for an instant personal loan online allows you to celebrate Diwali in a stress-free manner.

Additionally, to avoid financial stress, using an online personal loan calculator is recommended. Doing so allows you to plan your finances effectively.

October 17, 2024
Bajaj Finance releases Diwali Campaign ‘EMI hai na’

Mumbai: With the festive season transpiring in full swing, Bajaj Finance in collaboration with Bajaj Finserv Direct Ltd has launched its Diwali campaign ‘EMI hai na’ to offer discounts and cashback on a wide range of products and brands purchased on EMI through the Bajaj Finserv EMI Store of Bajaj Finserv Direct.

“Customers can avail discounts on a slew of electronic products, home appliances, smartphones, smartwatches, furniture, fitness equipment, home decor, accessories, kitchen appliances, and much more with the minimal down payment. The campaign concludes on the 15 November,” announced the company on Thursday.

The campaign has a catchy jingle that addresses the common sentiments of most middle-class Indian consumers when they are faced with the choice of making high-value lifestyle purchases. With the “EMI Hai Na” campaign, the brand enables every customer living in different cities to experience benefits for their shopping aspirations, anytime, anywhere. The campaign encompasses the essence of India being ‘United by One Mantra’ and, i.e. “EMI hai na” in the context of repayment of purchases through monthly installments, said the company in a statement.

Running LIVE across digital platforms, including Bajaj Finserv’s social media channels, audio streaming platforms (like Gaana, JioSaavn), radio, infotainment, and other OTT channels, the brand has infused a 360-degree strategy to make “EMI hai na” synonymous with Bajaj Finserv’s affiliate companies, Bajaj Finance, and Bajaj Finserv Direct.

It has also created a virtual game where customers can participate in a challenge to score maximum points. The participants will get cashback rewards. The Bajaj Finserv EMI Store also promises a seamless experience through its network of reputed and trusted partners.

October 28, 2021
Bajaj Finserv celebrates the New Year with #FitForLife Campaign

MUMBAI: Bajaj Finance Ltd, the lending arm of Bajaj Finserv launches #FitForLife campaign to encourage individuals to achieve their New Year fitness resolutions. The company will offer easy EMI schemes on gamut of fitness & wellness products and health treatments. The campaign will commence from January 24th and will go on till January 30th.

Under this campaign, customers can avail easy EMI offers on products and treatments like gym membership, cycles, gym equipment, sportswear, spa treatments, organic food, water purifier, air purifier, eye care, dental care, hair transplant, cosmetic surgery, bariatric surgery etc. along with other special offers from the partner brands.

EMI on cycles will starts from Rs. 1,167 and other fitness products at Rs. 999. EMI for hair treatment, eye care, cosmetic and bariatric surgery starts at Rs. 1,818 and spa treatments, gym memberships, organic food, water purifier, air purifier, mattress starts at Rs. 1,667.

The offer can be availed at 2300+ partner retail stores like VLCC, Dr. Batra, Apollo Health check-up, Sabka Dentist, Partha Dental, True weight, Talwalkars, Gold’s Gym, Hero Cycle, Starkenn, Scott, Track and Trail Cycles, Tata Stryder, Four Fountains Spa, O2 Spa, Kurlon, Sleepwell, Big Bazaar and many more. These special offers can be availed by both existing and new customers of Bajaj Finserv. New customers can connect with the Bajaj Finserv executive at the store to submit their documents & avail the finance option instantly. Existing holders of Bajaj Finserv EMI Network Card can transact using their card.

The Bajaj Finserv easy EMI option is a monthly instalment-based payment scheme with no hidden costs and most importantly, easy payments.

Additionally, Bajaj Finserv customers can choose to foreclose their loan anytime without any extra charges and can also choose the tenor most suitable to them to repay on their own terms. This way, customers don't have to worry about immediate payments or about exceeding their budget while shopping.

January 24, 2019
Bajaj Finserv drives awareness around its EMI Network

MUMBAI: Bajaj Finance, the lending arm of Bajaj Finserv has launched the digital campaign to drive awareness around its EMI Network.

The campaign aims towards highlighting the wide range of product categories on the platform along with instant and hassle-free financing options.

The new campaign takes forward the brand proposition of Bajaj Finserv towards making consumer’s life pursuits hassle-free. It builds on the brand’s endeavour to offer best-in-class shopping experience to its consumers through a no-cost EMI option on a gamut of products ranging from electronics, appliances, smartphones, home décor, groceries to fashion, travel, fitness, sports and lifecare.

The film has been conceptualised and executed by LEO Burnett, Mumbai. Digital videos supported by related content will be targeted across all digital platforms. The campaign will be live till 10 August 2018.

Bajaj Finserv’s EMI network is India’s fastest growing EMI Network that brings together hassle-free payment options and over 60,000 stores spread across 1300+ cities in India. This robust network of sellers offers its customers the option to buy over 1 million products in over 30 categories on easy EMIs. This includes consumer durables, digital products, lifestyle products and new categories like groceries, holiday packages and lifecare surgeries like bariatrics, knee replacement and hair transplant.

The Bajaj Finserv EMI Network Card works like a pre-approved loan and comes with no hidden charges. Offered through Bajaj Finance Limited, it allows payments through No Cost EMIs – which means no more exorbitant interest. Currently, there are over 7.1 million Bajaj Finserv EMI Network card-holders.

July 2, 2018
Bajaj Finserv celebrates fitter lifestyle

MUMBAI: Bajaj Finance Ltd, the lending arm of Bajaj Finserv has launched a campaign #FitForLife Fest to offer fitness and wellness products on no cost EMI option.

Under the campaign, customers can avail products like cycles, spa treatments, gym memberships, fitness equipment, fitness bands, smart watches, water purifier, air purifier, vacuum cleaner and life care elective treatments like hair restoration, cosmetic surgery, eye care, dental care, maternity, IVF and stem cell on EMI.

The company has also launched a TVC for the same. EMI on cycles will start from Rs 999 and other fitness products at Rs 1280.

The offer can be availed at 20000+ partner retail stores like VLCC, Dr Batra, Apollo Health check-up, Sabka Dentist, Partha Dental, True weight, Talwalkars, Gold’s Gym, Hero Cycle, Starkenn, Scott, Track and Trail Cycles, Tata Stryder, Four Fountains Spa, O2 Spa and many more. These special offers can be availed by both existing and new customers of Bajaj Finserv. New customers can connect with the Bajaj Finserv executive at the store to submit their documents and avail the finance option instantly. Existing holders of Bajaj Finserv EMI Network Card can transact using their card.

The Bajaj Finserv no cost EMI option is a monthly instalment-based payment scheme with no hidden costs and most importantly, easy payments.

Additionally, Bajaj Finserv customers can choose to foreclose their loan anytime without any extra charges and can also choose the tenor most suitable to them to repay on their own terms. This way, customers don’t have to worry about immediate payments or about exceeding their budget while shopping.

May 22, 2018
Trai issues Tariff Orders for STBs/CPEs for DTH and cable TV operators

MUMBAI: The Telecom Regulatory Authority of India (TRAI) late last evening issued two tariff orders prescribing standard tariff package for set top boxes (STBs) for digital addressable cable TV systems (DAS) and Consumer Premises Equipments (CPEs) for Direct to Home (DTH) services. The prime objective of these tariff orders, TRAI says, is to ensure effective commercial interoperability.

The said tariff orders have been devised to make available STBs / CPEs at a reasonable price and, lucid and easy to understand, terms and conditions as well as to take care of the interests of the service providers. This would also promote healthy competition amongst the operators which would ultimately benefit all the stakeholders of the sector, including the consumers.The standard tariff packages for STB/CPE on rental basis are to be offered mandatorily by DTH and cable TV operators.

As per the two tariff orders issued and notified on 27 May, cable TV operators and DTH service providers will be in a position to provide four options to consumers with differing rental and security deposit plans. DAS service providers can provide the STBs at a monthly rent of Rs 55.66 or Rs 50.66 (excluding taxes) if the security deposit is Rs 400 and Rs 800 respecitvely. For DTH service providers, the monthly rent for the CPE has been mandated at Rs 71.75 and Rs 65.50 if the security deposit is Rs 500 and Rs 1000 respectively.

The entire security deposit will be refunded to subscribers at the end of three years and the STB or CPE will belong to the customer. Should the customer choose to clip the service earlier under these options, he will still get the entire STB security depost refunded.

The tariff orders have also given options where the security depost is adjustable against the monthly rent. Thus DAS service providers can offer the STBs at a monthly adjustable rent of Rs 46.80 or Rs 32.93 if the security deposit is Rs 400 and Rs 800 respectively. And DTH service providers can provide STBs at a monthly adjustable rent of Rs 60.66 and Rs 43.32 if the security deposit is Rs 500 and Rs 1000. Under these options, should the customer choose to exit the DTH or CAS service, he will be entitled to a refund depending on the month he is discontinuing the service.

For instance, if he moves out in month twelfth of year one of the Rs 500 adjustable security deposit plan for DTH, he will be entitled to get a refund of Rs 370.18. If the exit takes place in month 24 the refund amount has been drawn up to be Rs 192.05.The TRAI has similarly drawn up tables which clearly spell out how much the refund would be. The two orders which clearly explain this are called The Telecommunication (Broadcasting & Cable) Services Sixth – (The Direct to Home Services) Tariff order 2013 and The Telecommunication (Broadcasting & Cable)Fifth – (Digital Addressable Cable TV Systems) Tariff Order 2013 TARIFF ORDER, 2013 and have been made available on the TRAI web site trai.gov.in.

To see the standard tariff plan for DTH Click Here

To see the standard tariff plan for DAS Click Here

The charges which have been mandated by TRAI include the installation fee, activation fee, smart card viewing charges, and repair and maintenance for three years.

The regulator has said that, while these packages are mandatory, service providers can also make other offers to subscribers.It has also stated that these specific packages are prescribed for “plain vanilla STBs/CPEs” and not for the exotic ones with recorders and HD and 3D STBs.

The Standard Tariff Package for Cable TV operators has been worked out on the basis of the following facts and figures as provided by the Industry stakeholders/ Associations:-

a) The total cost of STB has been taken as Rs 1750.

b) Life span of STB has been taken as three years.

c) The residual value has been taken as nil.

d) Rental per month is based on cost of STB on Equated Monthly Installment (EMI) Basis @15 per cent per annum (@1.25 per cent per month) for a period of 36 months.

The Standard Tariff Package for DTH operators has been worked out on the basis of the following facts and figures as provided by Industry stakeholders/ Associations;

a) The total cost of CPE has been taken as Rs 2250.

b) Life span of CPE has been taken as three years.

c) The residual value has been taken as nil.

d) Rental per month is based on cost of CPE on Equated Monthly Installment (EMI) Basis @15 per cent per annum (@1.25 per cent per month) for a period of 36 months.

In case of un-installation/discontinuance of service before the last day of the month, balance security deposit shown as refundable at the end of that month will be refunded on return of Customer Premises Equipment.

No installation charges or re-installation charges (except in case of shifting of connection) or activation charges or smartcard/ viewing card charges is to be levied by the DTH operator/or DAS service provider on the subscriber.

May 28, 2013
EMI, BBC Worldwide in deal to unlock music archive

MUMBAI: EMI Music and UK pubcaster the BBC’s commercial arm BBC Worldwide have struck a deal that will see thousands of hours of pop and rock music content, locked away for years, released to the public for the very first time.

The arrangement allows the British-owned music company and its artists to release material from the corporation’s extensive archive of TV and radio recordings across multiple platforms including digital.

In return BBC Worldwide has the opportunity to use EMI artists’ performances to create new programming which can be sold to international broadcasters and consumers.

BBC Worldwide has also acquired the rights to distribute the content direct to consumers via any of their own future digital services.

EMI and BBC Worldwide are identifying programme material relating to artists in the EMI family which can be used to create a wide range of products for global release across multiple platforms.

The EMI family includes artists such as Kylie Minogue, The Beach Boys, David Bowie, Coldplay, Paul McCartney, Lily Allen and Pink Floyd. Under the deal EMI will have the opportunity to include BBC recordings from their artists as part of DVDs, CDs and digital downloads whilst BBC Worldwide has the opportunity to drive revenue through international radio and TV programme sales, as well as on-demand streaming from those very same artists.

Both companies will also receive reciprocal royalties for each other’s sales.

This unlocking of the BBC archive will make vast quantities of content available in all formats for consumers to enjoy both in the UK and internationally.

The deal is part of BBC Worldwide Music’s strategy to derive greater value from the wealth of music-related material in the corporation’s archive. The BBC archive covers the entire history of rock and pop.

The deal will look to build upon the release of BBC content previously licensed to EMI by artists such as Coldplay, David Bowie, Queen, Roxy Music and Depeche Mode. Some of the EMI archive gems include live radio performances from Pink Floyd, including a session from 1967 featuring tracks from their first album The Piper at the Gates of Dawn; Coldplay on Inside Tracks performing a stripped down version of their first hit “Shiver”; and an Omnibus special titled Cracked Actor from 1975 devoted to David Bowie.

June 14, 2008