What exactly is EMI?
Equated Monthly Installment – EMI for quick – could be the quantity payable on a monthly basis towards the bank or just about any other lender until the mortgage amount is fully paid down. It comprises of the attention on loan also area of the amount that is principal be paid back. The sum of major interest and amount is split because of the tenure, in other words., quantity of months, when the loan has got to be paid back. Continue reading “EMI Calculator for mortgage, auto loan & personal bank loan in Asia”