How To Calculate EMI In Advance And EMI In Arrears?
Investkraft21 Aug, 2023Finance
Advance EMI (Equated Monthly Installment) is a type of loan repayment scheme commonly used for loans such as personal loans, car loans, or home loans. In an Advance EMI scheme, the borrower starts making EMI payments at the beginning of the loan tenure, typically on the disbursal date, before actually receiving the loan amount.
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