Common use of Repayment of the Loan and Interest Clause in Contracts

Repayment of the Loan and Interest. Repayment: The loan is repaid by way of Equated Monthly Installments (EMI), which comprises of both principal and interest component. Repayment commences from the month following the month in which final disbursement of the loan is availed. - Pending final disbursement, simple interest is applicable on the loan disbursed. This interest on the amount disbursed is called Pre-EMI. Pre-EMI interest is payable every month from date of each disbursement upto date of commencement of EMI. - The EMI For your loan is INR Years EMI = p.m. - The EMI due date is 5th day of the next month after full disbursement - Number of Installments to be paid are Months - The changes in interest rate/ EMI/ loan tenure would be communicated via letters and/or mail(s)/sms before any such implementation and would be displayed on the website of DMIHFC.

Repayment of the Loan and Interest. Repayment: The loan is repaid by way of Equated Monthly Installments (EMI), which comprises of both principal and interest component. Repayment commences from the month following the month in which final disbursement of the loan is availed. - Pending final disbursement, simple interest is applicable on the loan disbursed. This interest on the amount disbursed is called Pre-EMI. Pre-EMI interest is payable every month from date of each disbursement upto up-to date of commencement of EMI. - The EMI For your loan is INR Years EMI = p.m. - The EMI due date is 5th day of the next month after full disbursement - Number of Installments to be paid are Months - The changes in interest rate/ EMI/ loan tenure would be communicated via letters and/or mail(s)/sms mail(s)/SMS before any such implementation and would be displayed on the website of DMIHFC.

Repayment of the Loan and Interest. Repayment: The loan is repaid by way of Equated Monthly Installments (EMI), which comprises of both principal and interest component. Repayment commences from the month following the month in which final disbursement of the loan is availed. - Pending final disbursement, simple interest is applicable on the loan disbursed. This interest on the amount disbursed is called Pre-EMI. Pre-EMI interest is payable every month from date of each disbursement upto date of commencement of EMI. - The EMI For your loan is INR Years EMI = p.m. - The EMI due date is 5th 1st day of the next month after full disbursement - Number of Installments to be paid are Months - The changes in interest rate/ EMI/ loan tenure would be communicated via letters and/or mail(s)/sms before any such implementation and would be displayed on the website of DMIHFC.