What is EMI ?

  1. Financial Updates profile image65
    Financial Updatesposted 2 years ago

    What is EMI ?

    I want to know about EMI for loan purpose.


  2. Snakesmum profile image81
    Snakesmumposted 2 years ago

    EMI stands for Equated Monthly Installment

    Check out this website, and I think you'll find it explains it very well.

    http://articles.economictimes.indiatime … oan-amount

  3. Ragul Mohan profile image60
    Ragul Mohanposted 2 years ago

    EMI refers to Equated Monthly Installment.

    It is the fixed payment made by the borrower to the lender at a specified date every month. It is equated in such a way that you pay off a portion of principal and interest amount by an EMI so at the end of the pre-determined period your loan will be paid off fully.