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The key aspect of good financial planning is an understanding of the equated monthly instalments (EMIs). With EMIs, one is ...
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When the interest rate rises, the loan EMI declines. Conversely, when the rate of interest declines, the loan EMI moves upward. In other words, interest rate and loan amount are inversely proportional ...
Firstly, what is EMI? EMI, or Equated Monthly Instalment, splits large expenses into fixed monthly payments. Think of it as dividing a big amount into smaller, equal parts that fit your monthly budget ...