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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.

Annual Reducing Method

Let's dive into the concept of diminishing balance method, a technique used to calculate interest on loans. The reduced principal is taken into consideration at the end of ...

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Annual Rest

One commonly used approach for determining EMI involves allocating funds towards interest and principal at the conclusion of each fiscal year. This method takes into account...

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Ballon Payment

The term "balloon payment" refers to the final and often larger payment on a debt, typically occurring after a series of smaller payments have been made. This type of paymen...

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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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