Fullform of EMI and its meaning??
Answers
Answered by
3
EMI= Equated Monthly Installments
An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.
Hope this helps!
^_^
An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.
Hope this helps!
^_^
sarayadav:
Hii
Hey!!
hii
hru
I am smart and you?
Answered by
0
it is Equated Monthly Installment
Similar questions