Skip to main content

Posts

Showing posts with the label what is EMI

EMI full form

EMI full form The full form of EMI is Equated Monthly Installment .  EMI is called equal monthly installment in Hindi language.  If EMI is said in simple terms then it is a type of monthly installment.  The person who has to pay every month who buys any kind of product on EMI. Friends, we hope that by reading the full form of EMI, you will understand what EMI is.  So now let's talk about other general information about it. EMI full form The full form of EMI is Equated Monthly Installment.  To repay the money taken as a loan from EMI Bank or any Financial Institutions, the bank gives you the facility to repay the loan amount in installments.  For this, an amount is fixed for you by the bank and a period is also fixed for completing that amount.  You have to submit the entire loan of the bank in the same period.  Under EMI, you have to give an amount to the bank which has both principal and interest and this amount has to be given within the given time limit.  If the int