Medi Assist Healthcare IPO

Home Loans

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

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 ...

More

Down payment

When buying a home or a car, you may need to pay a certain amount of money upfront to cover the gap between the purchase price and the loan amount. This is known as a down p...

More

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...

More

Sale Agreement

A sale agreement is a legally binding contract between parties that outlines the terms for dealing with a property. It grants the right to obtain a sale deed which specifies...

More