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Full form of EMI in Hindi at shivira

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Sagi Management

the full form of EMI in Hindi is " Equated Monthly Installment ". Which is called " monthly installment " in Hindi. Think of it as if you want to buy a new mobile of ten thousand. But if you do not have that much money then you can take it on EMI. That is, by not giving ten thousand rupees at a time. Give a fixed amount every month that too within a period. However, you cannot take all the products on EMI. But you can take that product on EMI. For which the company provides an EMI facility. Apart from this, if you have taken a loan from the bank or want to buy a car or bike. So you get the facility like EMI there. Because their amount is so much that it is not easy to return it at once. For which the bank or finance company makes that product available on EMI. After which after depositing some money from you, it collects the remaining money as EMI i.e. monthly installment. If you are going to buy any product on EMI then you should also come to calculate it. So that no one can make more money from you in return. So let's know how EMI is calculated? Three things are kept in mind while calculating EMI. Apart from this, there would also be a flat interest rate which we have mentioned below. The interest rate taken by the bank or moneylender is called the interest rate in English. The time is taken by the person taking the loan to repay it with interest which is also called Tenure of the loan. Borrowed amount i.e. Loan Amount

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