Question

What is the full form of EMI ?

Answer 1

Hello friend... here's ur answer...
EMI-Equated Monthly Installment
Hope it helps
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Answer 2

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ғᴜʟʟ ғᴏʀᴍ ᴏғ ᴇᴍɪ : ᴛʜᴇ ғᴜʟʟ ғᴏʀᴍ ᴏғ ᴇᴍɪ ɪs ᴇϙᴜᴀᴛᴇᴅ ᴍᴏɴᴛʜʟʏ ɪɴsᴛᴀʟᴍᴇɴᴛ. ᴇᴍɪ ɪs ᴀ ғɪxᴇᴅ sᴜᴍ ᴘᴀʏᴀʙʟᴇ ᴛᴏ ᴀ ᴍᴏɴᴇʏʟᴇɴᴅᴇʀ ʙʏ ᴀ ʙᴏʀʀᴏᴡᴇʀ ғᴏʀ ᴀ sᴘᴇᴄɪғɪᴇᴅ ᴘᴇʀɪᴏᴅ ᴀᴛ ᴀ ᴘᴀʀᴛɪᴄᴜʟᴀʀ ᴅᴀᴛᴇ ᴏғ ᴇᴠᴇʀʏ ᴍᴏɴᴛʜ. ᴇᴍɪ ᴄᴏɴsɪsᴛs ᴏғ ᴀ ᴘʀɪɴᴄɪᴘᴀʟ sᴜᴍ ᴀɴᴅ ɪɴᴛᴇʀᴇsᴛ ᴀᴍᴏᴜɴᴛ ᴛᴏ ʙᴇ ᴄʜᴀʀɢᴇᴅ ʙʏ ᴀ ʙᴏʀʀᴏᴡᴇʀ ᴛᴏ ʀᴇᴘᴀʏ ғᴏʀ ᴀ sᴘᴇᴄɪғɪᴇᴅ ᴘᴇʀɪᴏᴅ ᴏғ ʏᴇᴀʀs ᴛᴏ ᴘᴀʏ ʙᴀᴄᴋ ᴛʜᴇ ʟᴏᴀɴ ɪɴ ᴄᴏᴍᴘʟᴇᴛᴇ. ᴛʜᴇʀᴇғᴏʀᴇ, ɪᴛ’s ᴀɴ ᴜɴᴇϙᴜᴀʟ ᴍɪx ᴏғ ᴛʜᴇ ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇ ᴀɴᴅ ᴘʀɪɴᴄɪᴘᴀʟ.

ᴅᴇғɪɴɪᴛɪᴏɴ : ᴇᴍɪ ᴏʀ ᴇϙᴜᴀᴛᴇᴅ ᴍᴏɴᴛʜʟʏ ɪɴsᴛᴀʟʟᴍᴇɴᴛ, ᴀs ᴛʜᴇ ɴᴀᴍᴇ sᴜɢɢᴇsᴛs, ɪs ᴏɴᴇ ᴘᴀʀᴛ ᴏғ ᴛʜᴇ ᴇϙᴜᴀʟʟʏ ᴅɪᴠɪᴅᴇᴅ ᴍᴏɴᴛʜʟʏ ᴏᴜᴛɢᴏᴇs ᴛᴏ ᴄʟᴇᴀʀ ᴏғғ ᴀɴ ᴏᴜᴛsᴛᴀɴᴅɪɴɢ ʟᴏᴀɴ ᴡɪᴛʜɪɴ ᴀ sᴛɪᴘᴜʟᴀᴛᴇᴅ ᴛɪᴍᴇ ғʀᴀᴍᴇ.

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