Inflation means the hike in the cost of goods and services in a particular economy over time. For instance, what you could buy with ₹1,000 in 1985 took approximately ₹13,000 in 2021. This decrease in purchasing power is called inflation. Inflation is a significant economic factor that impacts various sectors such as food, fuel, and housing. In terms of the financial sector, inflation leads to higher interest rates, especially for housing loans.
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Fibe's personal loan EMI calculator is your reliable tool to determine your loan EMI in just a few minutes and some simple steps. Fibe offers personal loan of up to Rs 5 lakhs with minimal documentation and quick processing. Coupled with interest rates as low as Rs 9/day, this is by far your most compelling credit option in the market. Calculate your monthly repayments based on your sanctioned loan amount and interest rates using this handy EMI calculator that's operate and easy to understand. With Fibe, you can even prepay your loan amount with no additional charges.
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