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Loans

EMI

An important concept in finance is the Equated Monthly Installment (EMI), which refers to the amount of money paid by a borrower each month towards the repayment of a loan. This installment is calculated based on the loan amount and the loan period, and is a crucial factor to consider when taking out a loan. Understanding the concept of EMI is essential for making informed financial decisions and managing one's loans effectively.

Flexible installment

When determining the installment amount, it is crucial to consider a changeable benchmark. This benchmark serves as a reference point for evaluating the success of an investm...

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Stamp Duty

When we talk about finance, one term that often comes up is "stamp duty." This refers to the fee or duty that is paid on various financial documents, and the rate varies fro...

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Advance EMI

Equated installments are a common aspect of disbursing finances, and it's important to understand how they work. Essentially, these are a predetermined number of payments th...

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Tenure

In the world of finance, there exists a period known as the 'loan term'. This term refers to the time frame between the disbursement of a loan and the final payment, whether...

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