Advertisement
 
What is an interest portion and EMI? | Kalvimalar - News

What is an interest portion and EMI? - 5-Mar-2008

Font Size :

The interest portion is the amount paid by the student during the time of his course that starts immediately from the month following the loan disbursal. During the tenure of his course, he/she keeps paying interest to the bank, whereas the main principal is only paid at the end of the holiday period. EMI or Equated Monthly Installment` is the amount payable by the student after the end of the holiday period that includes a certain portion of interest and principal. EMIs are calculated on a quarterly reducing basis

Advertisement
Advertisement
Search this Site
Advertisement
dinamalar-advertisement-tariff-2018

Copyright © 2019 www.kalvimalar.com..All rights reserved | Contact us