Royal Orchid Expands in Maharashtra with Regenta Bharti Resort

Royal Orchid Hotels Ltd (ROHL) has launched its 14th property in Maharashtra with the opening of Regenta Bharti Resort in Mahabaleshwar.  

Located just an hour’s drive from Pune, the resort is set amidst 52 acres of natural beauty in the Sahyadri hills. Surrounded by strawberry farms, rivers, waterfalls, and mountain peaks, the property offers a peaceful escape for travellers seeking relaxation and adventure. 

Speaking on the launch, Chander K. Baljee, Chairman & Managing Director of Royal Orchid Hotels Ltd, said, “Mahabaleshwar is a popular weekend retreat for city dwellers for its comfortable proximity from Mumbai and Pune. A key highlight of the Regenta Bharti Resort is its wedding and MICE infrastructure, which will drive tourists from all over the country. The tranquil mountain landscape and cultural richness makes it a perfect to carve out a niche for experiential travel with our distinctive hospitality. We are excited to bring ROHL in this region along with Ravindra Bharti.” 

Versatile Accommodation and Family-Friendly Amenities 

Regenta Bharti Resort features a diverse mix of accommodations, including Deluxe Rooms, Premium Rooms, Junior Suites, Suite Rooms, and spacious multi-bed rooms designed for families and group travellers. The property includes a water park, amusement rides, and a dedicated kids’ zone, making it a popular choice for family vacations. Wellness amenities like a fully equipped gym, spa, and a scenic swimming pool further enhance the guest experience. 

Venue for Events and Corporate Retreats 

The resort caters to Meetings, Incentives, Conferences, and Exhibitions (MICE) with various indoor and outdoor recreational options such as table tennis, chess, carrom, and cricket. For large-scale celebrations like weddings and private events, it offers over 40,000 sq. ft. of banquet space and green lawns. Dining needs are met with a multi-cuisine all-day restaurant, and parking for up to 200 vehicles with valet service is available. 

Outdoor Experiences 

For adventure seekers, the resort offers activities such as sky cycling, bungee jumping, UTV rides, ziplining, giant wheel rides, and a 360° human cycling experience. All activities are conducted under expert supervision to ensure guest safety. 

Also Read: How BharatNet is Transforming Rural Connectivity in India?

Royal Orchid Hotels Share Price 

On April 24, 2025, Royal Orchid Hotels share price opened at ₹399.95, touching the day’s high at ₹412.55, as of 1:40 PM on the NSE. 

Conclusion 

With its blend of natural beauty, luxury accommodations, event facilities, and adventure activities, Regenta Bharti Resort by Royal Orchid Hotels is set to become a premier destination for both leisure and corporate travellers in Mahabaleshwar. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Persistent Systems Share Price Rises 2.56%; Reports 21.6% Revenue Growth in FY25

Persistent Systems Limited announced its audited financial results for the quarter and year ended March 31, 2025.  

Post the announcement, on April 24, 2025, Persistent Systems share price opened at ₹5,272.00, up from its previous close of ₹5,163.50. At 12:13 PM, the share price of Persistent Systems was trading at ₹5,295.50, up by 2.56% on the NSE. 

Full-Year FY25 Financial Highlights 

For the financial year 2024-25, Persistent Systems reported a consolidated revenue of USD 1,409.1 million, registering a year-on-year (YoY) growth of 18.8%. In INR terms, revenue stood at ₹1,19,387.2 million, up by 21.6% from the previous year.  

The company’s operating profitability also improved, with EBIT rising by 23.8% to ₹17,512.6 million, while Profit Before Tax (PBT) increased by 25.9% to ₹18,223.1 million.  

The Profit After Tax (PAT) for FY25 stood at ₹14,001.6 million, marking a 28% YoY growth, with margins at 11.7%. 

Quarterly Performance – Q4 FY25 

For the quarter ended March 31, 2025, Persistent reported revenues of USD 375.2 million, representing a sequential growth of 4.2% and a YoY growth of 20.7%. In INR terms, quarterly revenue came in at ₹32,421.1 million, up 5.9% sequentially and 25.2% YoY.  

EBIT for the quarter rose to ₹5,052.9 million, with a margin of 15.6%, indicating operational efficiency.  

PAT for Q4FY25 stood at ₹3,957.6 million, reflecting a 6.1% sequential growth and a 25.5% rise over the same period last year. 

Board Recommends ₹15 Final Dividend 

The Board of Directors has recommended a final dividend of ₹15 per share, bringing the total dividend for the financial year to ₹35, commemorating Persistent Systems’ 35th anniversary. This final dividend is subject to approval by the shareholders at the upcoming Annual General Meeting.  

Q4 FY25 Order Wins and Milestones 

Persistent Systems reported its client engagement in Q4 FY25 with Total Contract Value (TCV) of $517.5 million and Annual Contract Value (ACV) of $350.2 million. 

Looking Ahead 

Sandeep Kalra,Chief Executive Officer and Executive Director, Persistent, stated, “As we look ahead, we are optimistic about sustaining progress to reach $2 billion in annual revenue by FY27. Our strategic pivot to AI-led platform-driven services will drive this growth, fueled by continued rigor and innovation. We are well-positioned to continue delivering consistent and differentiated long-term value for all our stakeholders.” 

Additionally, the company announced the appointment of Vinit Teredesai, Chief Financial Officer, as an Additional Director on the Board. 

Also Read: TCS vs Infosys vs Wipro: Which IT Giant Delivered Highest Profits in Q4FY25? 

Conclusion 

Persistent Systems has maintained its growth trajectory in FY25 with consistent revenue expansion and improved profitability.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Inox Wind Share Price Climb Over 3% on April 24; Touches Day’s High at ₹180.70

Inox Wind Ltd has been gaining attention on Thursday. On April 24, 2025, Inox Wind share price opened at ₹175.00, slightly up from its previous close of ₹174.55. At 11:11 AM, the share price of Inox Wind was trading at ₹179.85, up by 3.04% on the NSE. As of the same time, the stock price touched its day’s high at ₹180.70. The market cap of the company was at ₹23,485.24 crore.  

Progress on India’s Largest Wind Order 

Earlier this week, on April 21, 2025, the company informed the stock exchanges about the execution of a significant 990 MW turnkey order. This project is part of a larger 1,500 MW framework agreement signed with Purvah Green Private Limited, a subsidiary of CESC Ltd.  

The order stands out as the single largest wind energy order awarded by an Independent Power Producer (IPP) in India to any wind Original Equipment Manufacturer (OEM). Execution work is actively underway across Gujarat, Rajasthan, and Madhya Pradesh, with commissioning expected in phases starting FY26. The company has already received all advance payments related to the project. 

Company Background and Ownership 

Inox Wind Ltd, incorporated in 2020, operates under the broader INOXGFL Group. It focuses on the generation and sale of wind energy, as well as offering Engineering, Procurement and Construction (EPC) services for wind farms.  

The company is a subsidiary of Inox Wind Energy Ltd (IWEL), which holds strategic interests in India’s renewable energy sector alongside the chemical business under the INOXGFL Group. 

Also Read: What Are the Top 3 Stocks of Adani? 

Conclusion 

Backed by a robust order book and positive execution updates, Inox Wind continues to gain investor confidence. With key projects progressing on schedule, the company remains well-positioned in India’s expanding renewable energy landscape. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Gold Prices in India Climb 1%: Check Gold and Silver Prices in Your City Today, April 24, 2025

Gold prices rose over 1% on Thursday, rebounding from a one-week low reached the previous day, amid optimism over the U.S.-China trade deal. As of 01:07 NY Time, spot gold was up 1.26% at $3,326.88 per ounce. 

As of 10:35 AM (IST) in Chennai, 24-carat gold is priced at ₹9,621 per gram, while 22-carat gold costs ₹8,819 per gram. In Hyderabad, the price of 22-carat gold is ₹88,083 per 10 grams, while 24-carat gold is trading at ₹96,090 per 10 grams. 

On Thursday, the gold prices in India grew about 1% compared to the previous day. On the other hand, the silver price dropped around 0.2%, compared to yesterday.  

Gold Prices in India on April 24, 2025 

Here is a detailed breakdown of gold prices in India as of April 24, 2025. 

City  24 Carat Gold (per 10gm in ₹)  22 Carat Gold (per 10gm in ₹) 
Chennai  96,210  88,193 
Hyderabad  96,090  88,083 
Delhi  95,770  87,789 
Mumbai  95,930  87,936 
Bangalore  96,010  88,009 

Silver Prices in India on April 24, 2025 

Here are the latest silver (Silver 999 Fine) rates per kilogram in major Indian cities as of today. 

City  Silver Rate (₹/kg) 
Chennai  98,240 
Hyderabad  98,130 
Delhi  97,810 
Mumbai  97,980 
Bangalore  98,050 

Also Read: How to Avoid Frauds in Dubai Gold Souk When Buying Gold? 

Conclusion 

Gold prices surged in both global and Indian markets, reflecting renewed investor optimism. Meanwhile, silver saw a slight dip across major cities. Investors and buyers should stay updated with the latest trends and consider multiple factors, including global market movements and local demand, before making any purchasing decisions.  

Since precious metal prices fluctuate frequently, checking real-time rates can help in making informed choices. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Etalin Hydroelectric Project Marks Milestone with Phase 1 Payout

The Dibang Valley district administration has successfully completed the first phase of compensation distribution to families affected by the 3,097 MW Etalin Hydroelectric Project (HEP), marking a critical milestone in the implementation of one of India’s largest hydroelectric initiatives. 

Compensation Disbursement and Project Scale 

In a landmark move to support infrastructure growth in the Northeast, ₹269.97 crore was recently released as compensation by SJVN Ltd, a public sector enterprise, and deposited into a joint account held by the Deputy Commissioner and the District Land Revenue and Settlement Officer of Dibang Valley.  

This fund will benefit families whose lands have been acquired for the Etalin HEP. The compensation distribution started on March 26, 2025, following its official handover by Arunachal Pradesh Chief Minister Pema Khandu. The administration has assured that details for the next phase of disbursement will be communicated soon. 

Project Overview and Strategic Importance 

The Etalin HEP, located in Dibang Valley, is a major renewable energy initiative and the largest hydro project in Arunachal Pradesh. With a planned capacity of 3,097 MW, the project includes the construction of two dams on the Dri and Talo (Tangon) rivers, along with an underground powerhouse. It is expected to be commissioned by December 2033. 

Government and Stakeholder Collaboration 

Chief Minister Pema Khandu praised SJVN for its proactive and inclusive approach and reiterated the state government’s full support in securing clearances and facilitating the project. Raj Kumar Chaudhary, Chairman and Managing Director of SJVN, emphasized the company’s commitment to responsible development that respects the rights of local communities while advancing national energy goals. 

MoA and Broader Vision 

The Memorandum of Agreement (MoA), signed in August 2023 between SJVN and the Arunachal Pradesh Government, not only covers the Etalin HEP but also includes four additional hydro projects, bringing the total planned capacity to 5,097 MW with an estimated investment of ₹60,000 crore. 

Conclusion 

The commencement of compensation distribution reflects significant progress in the Etalin HEP’s implementation, underscoring India’s strategic push toward sustainable energy and regional development in the Northeast. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Rallis India Share Price Dips 4.41% on Apr 24; PAT at ₹-32 Crore in Q4 FY25

Rallis India Limited, a Tata Enterprise, reported its financial results for the quarter and year ended March 31, 2025.  

Post the announcement, on April 24, 2025, Rallis India share price opened at ₹245.00, down from its previous close of ₹253.89. At 9:36 AM, the share price of Rallis India was trading at ₹242.69, down by 4.41% on the NSE. 

Financial Performance: Q4 and FY25 Overview 

In Q4 FY25, Rallis India’s revenue stood at ₹430 crore, marginally down 1% from ₹436 crore in the same quarter last year. Crop care revenue fell by 1%, while seed revenue dropped by 3% compared to Q4 FY24.  

For the full year FY25, the company posted a revenue of ₹2,663 crore, up slightly from ₹2,648 crore in FY24. The company stated that it was largely flat due to weak export performance. 

The company posted a negative EBITDA of ₹20 crore in Q4 FY25, impacted by pricing pressure in the domestic crop care segment. Full-year EBITDA declined from ₹311 crore in FY24 to ₹287 crore in FY25.  

The net loss widened in Q4 to ₹32 crore, compared to a ₹21 crore loss in Q4 FY24. FY25 PAT declined to ₹125 crore, down from ₹148 crore in FY24. 

Announcing the results, Dr Gyanendra Shukla, Managing Director & CEO, Rallis India Limited, said, “We will prioritize improving market share in the domestic business. In Exports and CSM Business, our focus is to expand product offerings and build strategic partnerships. We are strengthening our people’s capabilities by simplifying organization structure and inducting fresh talent.”  

He further added, “Our long-term focus continues to be to offer differentiated product offerings which address farmers’ evolving needs. Continued investments in customer centricity, marketing, manufacturing, and digital capabilities will remain the key to delivering sustainable growth.” 

Key Developments and Strategic Initiatives 

To deepen customer engagement, Rallis India launched a WhatsApp chatbot under the “Dr. Vishwas” platform, available 24/7 in 10 Indian languages. It enhances real-time support and connectivity for farmers. The company also launched “Laafa,” a new herbicide targeting broad-spectrum weeds, and commercialized a new active ingredient, “Metalaxyl-M,” for both domestic and export markets. 

Also Read: Tata Investment Declares ₹27 Dividend in Q4FY25! 

Conclusion 

While Rallis India faced profitability challenges in Q4 FY25, its focus on product innovation and digital engagement demonstrates a forward-looking strategy. Continued efforts to control overheads and improve market reach could help drive long-term recovery and growth. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Bajaj Housing Finance Share Price in Focus on Apr 24; PAT Surges 54% in Q4 FY25

Bajaj Housing Finance Limited reported its performance for the quarter ended 31 March 2025.  

Post the announcement, on April 24, 2025, Bajaj Housing Finance share price (NSE: BAJAJHFL) opened at ₹135.00, up from its previous close of ₹131.88. At 9:31 AM, the share price of Bajaj Housing Finance was trading at ₹133.94, up by 1.56% on the NSE. 

Q4 FY25 Performance Highlights 

The company’s Assets Under Management (AUM) rose by 26%, reaching ₹1,14,684 crore as compared to ₹91,370 crore in the same quarter last year. Net interest income (NII) for the quarter stood at ₹823 crore, up 31% from ₹629 crore in Q4 FY24. 

Net total income also witnessed an increase of 34%, coming in at ₹958 crore against ₹717 crore in Q4 FY24.  

Operating efficiency improved, with Operating Expenses to Net Total Income reducing to 21.7% from 27% a year ago. Loan losses and provisions declined to ₹30 crore in Q4 FY25 from ₹35 crore in Q4 FY24, indicating stable asset quality.  

Profit After Tax (PAT) surged 54% year-on-year to ₹587 crore, up from ₹381 crore in Q4 FY24. 

FY25 Annual Performance Summary 

For the full financial year 2024-25, Bajaj Housing Finance saw a 20% rise in net interest income, which came in at ₹3,007 crore, compared to ₹2,510 crore in FY24.  

Net total income rose 23% year-on-year to ₹3,597 crore, against ₹2,925 crore in the previous fiscal. The company improved its operating efficiency for the year as well, with Operating Expenses to Net Total Income falling to 20.8% from 24% in FY24. 

Loan losses and provisions increased to ₹80 crore in FY25 from ₹61 crore in FY24. PAT saw a healthy 25% jump, rising to ₹2,163 crore from ₹1,731 crore in FY24. 

Also Read: Bajaj Housing Finance One-Year Shareholder Lock-In Ends 

About Bajaj Housing Finance Limited 

Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC). The company has been registered with the National Housing Bank (NHB) since 2015, and it has been offering mortgage loans. 

Conclusion 

Bajaj Housing Finance’s Q4 and FY25 results reflect growth in income, enhanced operational efficiency, and a focus on profitability. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

CCI Approves Strategic Investment in Bharti AXA Life by 360 ONE Fund and Bharti Life Ventures

The Competition Commission of India (CCI) has approved two significant transactions involving Bharti AXA Life Insurance Company Limited (BALIC).  

The approval covers: (i) the acquisition of certain equity shares of BALIC by 360 ONE Private Equity Fund (360 Fund) through its schemes or affiliates, and (ii) the subscription of additional equity shares in BALIC by both 360 Fund and Bharti Life Ventures Private Limited (BLVPL). 

Strategic Equity Acquisition in Bharti AXA Life Insurance 

As per the proposal, the transaction will be executed in two stages. First, 360 Fund will acquire equity shares in BALIC from the existing shareholder, BLVPL. Following this, both 360 ONE and BLVPL will subscribe to new equity shares issued by BALIC, resulting in a fresh infusion of capital into the life insurance provider. 

360 Fund is registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund. It is designed to invest across various sectors in India and globally. The fund is managed by 360 ONE Alternates Asset Management Limited (360 AAML), which is a wholly owned subsidiary of 360 ONE WAM Limited. Collectively, 360 Fund and 360 AAML are referred to as “360 ONE.” 

About Bharti AXA Life Insurance Company Limited 

BLVPL, a part of the Bharti Group, is the holding company of BALIC and plays a key role in the group’s financial services ventures. BALIC itself is an unlisted public limited company engaged in the life insurance sector, offering various life insurance products to customers in India. 

Also Read: CCI Clears Bharat Forge’s Acquisition of AAM India Manufacturing! 

Conclusion 

The approval from the CCI paves the way for a strategic partnership between Bharti Group and 360 ONE, aimed at further strengthening the capital base and operational capabilities of Bharti AXA Life Insurance. This move could potentially enhance product innovation and customer service within the life insurance segment. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Muthoot Finance Interim Dividend of ₹26 Record Date Tomorrow, April 25, 2025

Muthoot Finance Limited’s Board of Directors has declared and approved an interim dividend of ₹26 per equity share for the financial year 2024-2025.  

On April 23, 2025, Muthoot Finance share price (NSE: MUTHOOTFIN) opened at ₹2,280.00 and closed at ₹2,194.00, down by 3.46%. The stock price touched its day’s low at ₹2,174.30.  

Muthoot Finance Interim Dividend Record Date 

The Board of Directors has considered and approved the payment of an interim dividend of ₹26 per equity share (260%) for the Financial Year 2024-25. The record date for determining the eligibility of shareholders to receive this interim dividend is set as Friday, April 25, 2025, subject to the formal declaration of the dividend by the Board. 

Shareholders whose names appear at the close of business hours on April 25, 2025, will be entitled to receive the interim dividend. The company also stated that, once declared, the interim dividend will be disbursed within 30 days. 

Milestone Achievement: ₹1 Lakh Crore Gold Loan AUM Crossed 

On March 13, 2025, the company announced that it crossed a significant milestone of ₹1 lakh crore in Gold Loan Assets Under Management (AUM). They added that this achievement reflects the unwavering trust and confidence of their customers, investors, lenders, and stakeholders. It also stands as a testament to their continued dedication to creating long-term value and driving sustainable growth. 

About Muthoot Finance Ltd 

Muthoot Finance is a Non-Banking Financial Company (NBFC) primarily engaged in offering gold loan services, with a strong presence across Southern India. 

Also Read: Sanofi India Interim Dividend: Set April 25 as Record Date!

Conclusion  

The company’s last dividend declaration was an interim dividend of ₹24 per share, with a record date of May 31, 2024.  

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Planning a Car Loan? Compare ₹5 Lakh, ₹7 Lakh & ₹10 Lakh EMI Options

Buying a car can be an exciting milestone, and for many, a car loan can make it possible. Whether you’re eyeing a budget-friendly hatchback or a compact SUV, understanding your monthly EMI (Equated Monthly Installment) obligation is key to making an informed decision. In this article, we’ll break down the EMIs for car loans of ₹5 lakh, ₹7 lakh, and ₹10 lakh at a 10% annual interest rate over a 5-year (60-month) term. 

EMI Breakdown for ₹5 Lakh, ₹7 Lakh, and ₹10 Lakh Car Loans 

EMI for ₹5 Lakh Car Loan 

If you’re going for an entry-level vehicle or making a large down payment, a ₹5 lakh loan might be enough. At 10% interest for a 5-year period, the monthly EMI comes to around ₹10,624. 

  • Total Interest Outgo: ~₹1,37,411 
  • Total Repayment Amount: ~₹6,37,411 

This EMI can be manageable for those with a monthly income of ₹50,000 to ₹60,000, provided there aren’t too many other EMIs or expenses in your budget. 

EMI for ₹7 Lakh Car Loan 

Planning for a mid-range vehicle or adding some accessories and insurance to the cost? A ₹7 lakh loan would be more suitable. At 10% interest over 5 years, the monthly EMI is about ₹14,873. 

  • Total Interest Outgo: ~₹1,92,376 
  • Total Repayment Amount: ~₹8,92,376 

This EMI could work well if your monthly income is between ₹70,000 and ₹80,000, depending on your other financial commitments. 

EMI for ₹10 Lakh Car Loan 

For higher-end models or if you prefer not to make a big down payment, a ₹10 lakh loan may be what you’re looking at. The monthly EMI in this case would be roughly ₹21,247. 

  • Total Interest Outgo: ~₹2,74,823 
  • Total Repayment Amount: ~₹1,274,823 

This option is generally suitable for individuals with a monthly income of ₹1 lakh or more, especially if you want to maintain financial comfort and meet other obligations. 

When comparing car loans of ₹5 lakh, ₹7 lakh, and ₹10 lakh at 10% interest for a 5-year term, the difference in EMIs and total repayment becomes quite evident.  

A ₹5 lakh loan results in an EMI of around ₹10,624 with a total repayment of ~₹6.37 lakh, while a ₹7 lakh loan increases the EMI to ₹14,874 and the repayment to around ₹8.92 lakh. Opting for a ₹10 lakh loan pushes the EMI to ₹21,249, with a total repayment nearing ₹12.75 lakh.  

While higher loan amounts offer the flexibility to choose better car models or reduce the upfront cost, they also lead to a significantly larger interest outgo. Hence, borrowers should choose a loan amount based on their repayment capacity, monthly income, and overall financial goals. 

You can use an EMI Calculator to calculate your loan EMIs for various instances.  

Things to Consider Before Choosing a Loan Amount 

  • Your Monthly Income and Expenses: Before deciding on the loan amount, calculate how much EMI you can afford. Ideally, all your EMIs combined (including existing loans) should not exceed 40% of your net monthly income. 
  • Down Payment Options: The higher the down payment, the lower the EMI and interest you’ll pay over time. Try to pay at least 20-30% of the car’s value upfront if possible. 
  • Total Interest Paid: It’s easy to focus only on the EMI, but it’s also important to factor in the total interest paid over the loan tenure. A longer tenure reduces the EMI but increases the interest outgo. 
  • Car-Related Expenses: Your EMI isn’t the only recurring expense. Remember to account for fuel, insurance, periodic maintenance, and registration fees in your budget planning. 

Also Read: What Should Be Your EMI If You Earn ₹50,000 Per Month? 

Should You Opt for a 5-Year Term? 

A 5-year term is a popular choice because it offers a good balance between manageable monthly payments and total interest paid. If you can afford a slightly higher EMI, going for a shorter term (like 3 years) can save you a significant amount on interest. On the other hand, if you want a lower EMI and are okay with paying more interest, you can consider a 6, 7-year or more than that as loan term. 

Conclusion 

Choosing the right car loan depends on your income, down payment capacity, and monthly financial commitments. By evaluating these factors carefully, you can drive home your dream car without straining your finances. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.