EMI FULL FORM| all about EMI


Equated Monthly Installment 

EMI FULL FORM IS Equated Monthly Installment. EMI is a type of financing that allows you to pay for large purchases in fixed monthly installments. EMI offers the convenience of paying using your new purchase for a fixed period of time and amounts according to your needs. Because the payments are made over time, it doesn’t seem like you’re spending as much at one time.

The product’s monthly installment consists of two parts: the down payment and the monthly installment. The down payment is paid in full upfront and will consist of the difference between the credit limit and the cost of goods purchased. The monthly installment will be paid on a regular basis for a predetermined amount of months.

How EMIs work:

When you take out an EMI, you are essentially borrowing a certain amount of money from the bank. This money is used to purchase a high-value item, such as a car or a house. The bank then splits this amount into two parts: the down payment and the monthly installment. The down payment is the portion of the total that you pay upfront, and it’s usually equivalent to the difference between your credit limit and the cost of the good that you’re purchasing.

The monthly installment is then paid on a regular basis over a predetermined number of months. This installment will be set at a fixed rate, which means that it won’t change no matter what happens to your financial situation. EMIs can be helpful because they make large purchases seem more manageable: you can make the monthly payments and pay off your debt over time.

Know the Advantage and Disadvantages of EMI?


  • EMI is a type of loan that lets you borrow money to buy a house or car
  • You can spread the cost of the loan over many years
  • The interest rates are usually lower than other types of loans


  • You will have to pay back the loan, even if you sell the house or car
  • The interest rates may be higher than other types of loans
  • You may have to pay a penalty if you repay the loan early.
  • You’ll have to pay back the loan even if you lose your job or can’t afford the monthly payments
  • The interest rates can be high if you don’t make your payments on time

Know the Types of EMIs

The three types of EMIs are the Fixed EMI, the Floating Rate, and the Adjusted EMI.

A Fixed EMI is a type of loan that provides the borrower with a fixed interest rate over a set part of the life of the loan.

The floating rate is one in which the interest rates will fluctuate according to the predetermined curriculum.

Adjustable EMI is one in which certain factors such as property value and market interest rates can be adjusted by either side of the agreement.

Calculator App: EMI Calculator

  • The Calculator App: EMI Calculator is a free finance app available on the Google Play Store.
  • It helps you calculate your monthly loan installment payments and total interest paid on a loan.
  • You can also use it to calculate your EMIs for home loans, car loans, and other types of loans.
  • The app has a simple, user-friendly interface and is easy to use.


There are a number of great platforms when it comes to EMI. Some of the best ones include:

-EMI by HDFC Bank

-EMI by ICICI Bank

-Loan EMI by Axis Bank

All three of these platforms are easy to use and offer accurate results. They are also fast and provide all the information that you need. So, if you are looking for a great EMI calculator, then these are the ones to try.

How to Calculate EMI?

The easiest way to calculate EMI is by using an online EMI calculator. You just need to enter the amount of the loan, the interest rate, and the tenure of the loan.

Some of the best points about EMI calculators are:

  • They are easy to use
  • They are accurate
  • They are fast
  • They can provide you with all the information that is required

So, just go and search online and you will find a number of companies that offer these EMI calculators.

Other Things to Consider about EMI

EMI is an important factor to consider when buying a new car. It can be a helpful way to reduce the cost of the car over time. However, there are other things to consider when taking out an EMI.

One of the main things to consider is how much money you will be able to afford each month. You need to make sure that you will be able to comfortably afford the payments, as well as all of your other monthly expenses.

Another thing to consider is the interest rate on the loan. Make sure you compare different interest rates and choose the one that offers the best deal.

Finally, make sure you carefully read through the terms and conditions of the loan agreement before signing anything.


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इमआई का पूरा नाम क्या है – EMI Full Form in Hindi

EMI EMI Full Form “Equated Monthly Installment” और EMI को हिंदी में समान मासिक क़िस्त कहते है