Examples of Equated Monthly Instalment in a sentence
Please be advised that applicable indirect taxes and any other amount liable to tax under prevailing Indirect Tax Laws including Goods and Service Tax and Applicable Cess would be recovered on all our fees and charges You are required to note that the Late Payment Charge (LPC) will be applicable if the Equated Monthly Instalment (EMI) is not paid by the due date.
Further the amount of Equated Monthly Instalment may change/increase as may be decided by the Bank or the repayment period of loan may be extended on account of variation in rate of interest, at the discretion of the Bank.
Further, the amount of Equated Monthly Instalment may change/increase as may be decided by the Bank.
The Borrower also without any prejudice unconditionally agrees to the EMI (Equated Monthly Instalment) date to be prefixed by the intermediary XYZ as mentioned in the Schedule I to this agreement, which will remain unchanged throughout the tenure of the loan availed unless otherwise stated reasons presented to the satisfaction of XYZ by the Borrower.
The Borrower is also liable to pay the Lender interest as stated in Schedule II of this Agreement for the additional number of days over and above his scheduled EMI (Equated Monthly Instalment) in case he receives the funds for a period exceeding thirty (30) days from the date of his first EMI (Equated Monthly Instalment).