Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is EMI for a Bank Loan ? What are the advantages of taking term loans on "EMI" basis for a business?

Accounting Financial Accounting Bank Accounting Banking managerial accounting
user-image
Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/09
Upvote (0) Views (4) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Subhranshu Ganguly
by Subhranshu Ganguly , Quality Analyst. , WIPRO

It would be equtable monthly instalments.

Now this can be tailormade to suit ur pocket.

Alower EMI over an extented period. Or a higher EMI for a shorter period. Processing charges also vary frombank to bank. Swiftness in the granting of loan is also important.

All these factors are important including the mothly payout of EMI in choosing of a bank loan.

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

Agreed.

Write Your Answer
More Questions Like This