what is meaning in emi and full form
pranjalkbr:
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.
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heya mate.. ☺☺☺
here is ur answer..
Equated monthly installments
emi means... An EMI is the amount of money that you need to pay to the lender every month to repay your loan
i hope its help u ☺☺✔️✔️♥️
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equated monthly installment is it's full form.
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