Fees & Charges · हिन्दी

EMI

EMI stands for Equated Monthly Instalment, a fixed amount paid each month toward a loan or a large credit card purchase converted into instalments, combining a portion of principal with interest. Converting a credit card purchase to EMI usually involves a processing fee and interest charged over the chosen tenure (commonly 3, 6, 9, or 12 months), so while it spreads out a big expense, the total amount repaid is generally higher than paying the full amount upfront.

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