Equated Monthly Installment or “EMI” means the amount of each monthly payment as specified in Schedule I required to be paid to the Lender to amortize the Facility with interest over the tenure of the Facility.
Equated Monthly Installment means the amount payable every month by the Borrower to the Bank comprising of interest, or as the case may be, principal and interest.
Equated Monthly Installment means the amount payable every month by the Borrower to the Bank comprising of in terest, or as the case may be, principal and interest calculated on the basis of monthly rests at the rate applicable as stated in the schedule and is rounded off to the next rupee. "Post Dated Cheques" (PDCs) shall mean the cheques issued by the Borrower to match the due date of each installment.
Examples of Equated Monthly Installment in a sentence
In consideration of the payment of additional premium paid by the Insured and realized by the Insurer not withstanding anything to the contrary, it is hereby understood & agreed that for the purpose of this policy, in the event of the vehicle insured is kept in garage for accidental repairs for more than * days, Insurer will pay Equated Monthly Installment Amount (EMI) to insured as mentioned in the policy schedule.
We will pay, maximum three (3) Equated Monthly Installment (EMI) in respect of the covered loan as shown in the Policy Schedule/ Certificate of Insurance in the event of Loss of Job of the Primary Insured during the Policy Period.
Budget Approval(1) The proposed budget shall be presented to Legislature by the President or by the Minister, upon delegation of that authority by the President.(2) Except otherwise provided in section 15(2) of the Public Finance Management Act 2009, the Legislature shall inform the President when the national budget is approved.
Equated Monthly Installment (EMI) per Rs 1000 will be Rs. 172 for EMI tenor of 6 months, Rs. 116 for EMI tenor of 9 months and Rs. 89 for EMI tenor of 12 months.
The loan is repayable in 60 Equated Monthly Installment of ` 1,24,700/- (Including interest) commencing from July 2013, last installment being due in June 2018.
More Definitions of Equated Monthly Installment
Equated Monthly Installment. (EMI) means the amount of monthly payment necessary to amortize the loan with interest within such period as may be determined by the Lender from time to time. The term “Equated Monthly Installment” shall not mean or be construed as equal installments where the rate of interest to be levied is agreed to be variable.
Equated Monthly Installment or “EMI” shall mean the amount payable every month on such date/s specified in the Schedule for the term of the Personal Loan by the Borrower to the Bank to amortize the Personal Loan comprising interest and principal, or as the case maybe, only principal or interest.
Equated Monthly Installment means the amount payable every month by the Borrower to the Bank comprising of interest, or as the case may be, principal and interest calculated on the basis of monthly rests at the rate applicable as stated in the schedule and is rounded off to the next rupee.
Equated Monthly Installment means the equated monthly installment of the amounts payable by the Card Member to IDBI Bank in respect of the Facility, comprising of principal amount of the Facility and interest thereon. Under the Facility, IDBI Bank shall at its sole discretion, permit the Card Member to transfer all or part of his outstanding balances on credit cards issued by other banks / entities, to his Card Account. Such transfer shall be effected by way of a demand draft sent to the mailing address of the Card Member, last registered with IDBI Bank, favouring the other bank / entity issuing the credit card for crediting the card account of the Card Member with such other bank / entity for the approved Facility amount. IDBI Bank shall not be liable for any overdue payments or service charges that may be incurred by the Card Member in respect of his other credit card post the Facility being granted / agreed to be granted by IDBI Bank. The Card Member shall remain liable to continue to make payments to the other credit card issuing bank / entity until the transferred amount of the Facility is received by the other credit card issuing bank / entity. Additionally, the Card Member shall also receive the confirmation in a future statement providing that his card account with the other credit card issuing bank / entity has been credited. The Facility shall be available to the Primary Card Member as well as the Add-on Card Member, subject to the available Cash- Limit and/or Credit- Limit and will be provided to the Card Member requesting the Facility. The Cash-Limit and/or the Credit-Limit on the Card will be blocked by the amount of the Facility granted to the Card Member. The Card Member shall be required to pay a non-refundable processing fee on the Facility up to the percentage specified by IDBI Bank to the Card Member as specified in the Schedule of Fees and Charges provided in the Annexure along with Most Important Terms and Conditions (MITC). GST shall be applicable on the processing Fee and interest amount as per IDBI Bank's prevailing rates. Such amount shall be reflected in the Statement for the particular month. On applying for the Facility to IDBI Bank by the Card Member, IDBI Bank shall conduct a dummy authorization for `Ten (10) on the credit card of the other bank for which the Facility is availed of. If the authorization is successful, the Balance Transfer transaction will be processed subject to other terms and conditions at the sole discretion of IDBI Bank.
Equated Monthly Installment or “EMI” means the amount rounded off to the next rupee as set out in the Disbursement Letter payable by the Borrower(s) to PNBHFL on respective Due Dates, which is necessary to repay all Amounts Due, during the Repayment period of the Loan;
Equated Monthly Installment or “EMI/EMIs” shall mean the amount, determined by the Lender, payable every month by the Borrowers to the Lender to amortize the Loan with interest over the Term of the Loan.
Equated Monthly Installment means the amount of monthly payment necessary to amortise the Loan with interest, over the tenor of the Loan. EMI amount shall incorporate repayment of principal and payment of interest calculated on the basis of the Interest Rate, periodicity of compounding, periodicity of repayment, periodicity of effecting credits in the account so as to aim repayment of the entire liability under the Loan at the end of its tenor.