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simple formula reducing emi calculation formula


Banks
Canara Bank

Canara Bank

Personal Loan : Can Budget A simple Personal Loan Scheme exclusively for the benefit of employees of Corporates, PSUs, Government Departments, Institutions, etc.,...
Axis bank

Axis bank

Personal Loan : Personal Loans from AXIS Bank are available for Salaried and self employed individuals with special schemes for doctors, chartered accountants,...
Business Loan : Axis Bank's Mpower-TL provides a hassle free way of meeting your business needs of expansion and other long term funding requirements against the...
Loan Faqs
Faq

What is an EMI? :

EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. Please use the EMI Calculator to find out the EMI you need to repay.
Faq

What is a Monthly Reducing Balance? :

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Insurance
Reliance Life Insurance Company Limited.

Reliance Life Insurance Company Limited.

Reliance Life Insurance Company is a new life insurance company in India. The company offers various plans of life insurance like protection, savings, investment plans, retirement and child plans....


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