FULL FORM OF EMI


           FULL FORM OF EMI

WHAT IS EMI

     EMI is stand for Equated Monthly Installment .EMI is a fixed amount payable by borrower to a moneylender at a specific date of each month for a specific period of time. EMI includes principle amount and interest amount. The calculation of EMI depends on three factors which are interest rate,loan amount and period of the loan.
      

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