Home Blogs Page 5

Recent Stories

image Understanding monthly instalments on LAMF in 1 minute
Reading Time: 1 minutes
In LAMF, borrowers pay only the monthly interest on the loan amount. For a ₹1 lakh loan, the annual interest rate is 10.75%, which results in the monthly interest payment of ₹896. This is lower compared to traditional loans where both interest and principal are paid monthly.