Understanding EMI_ A Beginner’s Guide to Equated Monthly Installments
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Equated Monthly Installment (EMI) is a term that one often uses in finances. It represents a certain fixed amount that is to be passed on by the borrower to the lender at the end of every month. This continues for some time until the repayment is fully complete. Understanding EMI is important because it provides the key information needed to learn about loans and how they work. Hence, this guide will take you through the basics of EMI, its working, benefits and factors affecting EMI.
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Understanding EMI_ A Beginner’s Guide to Equated Monthly Installments
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