The full form of EMI is “Equated Monthly Installment.” It refers to the fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are commonly associated with loans and mortgages.
The full form of EMI is “Equated Monthly Installment.” It refers to the fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMIs are commonly associated with loans and mortgages.