Equated Monthly Installments definition

Equated Monthly Installments or “EMI” means and includes the amount of each periodical payment required to be paid to the Bank, on monthly intervals in terms of the Agreement, to amortise the Loan with Interest over the tenure of the Loan.
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Equated Monthly Installments or “EMI” shall mean the amount payable every month by the Customer to BFL comprising of principal amount, interest, and other charges as the case may be;
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Equated Monthly Installments. (“EMI”) means the amount payable every month by the Borrower(s) to FICCL comprising of Interest or as the case may be principal and interest and as set out in the Loan Summary Schedule.
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Examples of Equated Monthly Installments in a sentence

  • Appropriations: The payments made by cardholders shall be appropriated in the order of EMI (Equated Monthly Installments), taxes, fee and other charges, service charges, cash withdrawal and retail usage.

  • The Bank will explain to the customer upfront the method of calculation of interest and how the Equated Monthly Installments (EMI) or payments through any other mode of repayment will be appropriated against interest and principal due from the customers.

  • The bank will explain to the customer upfront the method of calculation of interest and how the Equated Monthly Installments (EMI) or payments through any other mode of repayment will be appropriated against interest and principal due from the customers.

  • Appropriations: The payments made by cardholders shall be appropriated in the order of EMI (Equated Monthly Installments), taxes, fee and other charges, finance charges, cash withdrawal and retail usage.

  • AXIS Bank shall be entitled to, at its sole discretion, make available to individual Card Member.3. EMI on the Debit Card, without prejudice to the obligation of the Card Member to make immediate payment on the incurring of the charge, the Card Member may, seek to avail of the option of paying for certain purchases through Equated Monthly Installments (EMIs)4.

  • Interest in the normal course will form a part of the Equated Monthly Installments (EMIs) or Pre-EMIs payable by the Borrower(s).

  • Repayment of housing loans is by way of Equated Monthly Installments (EMI) comprising principal and interest.

  • We will pay Three Equated Monthly Installments (EMI) towards the loan subject to Specific Conditions mentioned below.

  • The Borrower should have the earning/ financial capacity to pay Equated Monthly Installments (EMI) along with such other charges as applicable without failure.

  • This contract may not be sold, assigned, transferred, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any person other than as may be required or permitted under Section 408 of the Code, or under any other applicable section of the Code.


More Definitions of Equated Monthly Installments

Equated Monthly Installments means the amount of monthly payment necessary to amortise the Financial Facilities with interest, over the period of the Financial Facilities.
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Equated Monthly Installments or "EMI" shall mean the amount payable every month by the Borrower to CFL comprising of upfront fees, other charges and other applicable taxes including but not limited to Goods and Service Tax("GST");
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Equated Monthly Installments also referred to as “EMI”, means the equated monthly instalment / amount of payment as set out under the head “Repayment” in the Commercial Schedule (as revised from time to time) of the Facility Agreement to be made monthly by the Borrower(s) to BIZLOAN in respect of the Facility comprising of principal and interest (computed as per the applicable Interest Option) rounded off to the next rupee.
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