Reduce EMI costs
- Get a free evaluation of your borrowing portfolio
- Compare options to reduce your current home loan / Personal Loan / Credit Card EMI costs
- If you are convinced about the savings, you can opt to go ahead and execute the suggestions
Should you pay in EMIs? Learn more about them and also how to calculate them
What is EMI?
EMI stands for Equated Monthly Installment. It is the amount you have to pay to your bank/lender on a fixed date, every month, for the entire tenure of your loan period. The EMI is paid in the form of post-dated cheques for the duration of your loan and is in favour of the lender. The lender could be a bank, NBFC, or credit card company, and the loan could be for any purpose – housing, auto or personal/credit card loan.
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