EMI Term Meaning in Real Estate - Guide

An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.

Kopal Cheema

7 years ago

Published Date: Mar 22, 2018

Updated Date: Mar 27, 2024

An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month so that over a specified number of years, the loan is paid off in full.

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