EMI

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Definition : Equated Monthly Installment
Category : Business » Accounting
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: Worldwide
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What does EMI mean?

Equated Monthly Installment (EMI) is the monthly payment a borrower makes on his loan. EMIs are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full.

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Frequently Asked Questions (FAQ)

What is the full form of EMI in Banking?

The full form of EMI is Equated Monthly Installment

What are the full forms of EMI in Business?

Electric and Musical Industries | Equated Monthly Installment

What are the full forms of EMI in Worldwide?

Electromagnetic Interference | Electric and Musical Industries | External Machine Interface | Equated Monthly Installment

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