Not registered yet?


Get a free eBook "Investing in Gold - Everything you should know", and lots more... Click here to see all the Benefits of Registration

Registered but not logged in? Log in now to interact with other users!
Username

Password

 Remember Me


 
RaagVamdatt.com articles published on Reuters, NBC & FoxBusiness
Also translated in Hindi and published in Dainik Bhaskar

RaagVamdatt.com -- Encyclopedia

[ Main Index | Add Term | Search | Discussion | About ]

Definition of Terms

All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Other

Term

EMI
raagvamd, RaagVamdatt

It is an acronym or short form for Equated Monthly Installment. This is the amount that is paid by the borrower to the lender every month.

It comprises of two components - the principal and the interest. During the initial period of the loan, the EMI has a larger component of interest as compared to the principal. But during later stages of a loan, the EMI has a larger component of principal as compared to the interest.

Related Terms: Equated Monthly Installment
[Become editor]


Login





 


 Log in Problems?
 New User? Sign Up!

Articles By Category

Member Details

Registered Members: 1520
Guests On-Line: 2
Registered Members On-Line: 0

You are a guest user. To register for free, Please Click Here

Discussion Forum


5 top active Forums:

3 recent Topics:

3 top active Posters:

Total:
  • Categories: 10
  • Forums: 29
  • Topics: 9
  • Posts: 25

 


Free e-Course: "Basics of Personal Finance"

Sign-Up Now - It's Free


On registration, get a Free eBook: "Investing in Gold - Everything You Should Know"

To Register, Please Click Here

Poll of the Month

Should the retail prices of petrol and diesel be increased?

[ Results | Polls ]

Votes: 16