Equated Monthly Instalments definition

Equated Monthly Instalments or “EMI” shall mean the amount payable every month on such date(s) specified in the loan term sheet for the term of the loan by the Customer to the Lender comprising of interest, or as the case may be, principal amount of the loan and/ or interest to amortise the loan;
Sample 1Sample 2Sample 3
Equated Monthly Instalments means the amount of monthly payment necessary to amortise the Financial Facilities with interest, over the period of the Financial Facilities.
Sample 1Sample 2
Equated Monthly Instalments or “EMI” shall mean the amount payable every month by the Customer to CF comprising of interest, or as the case may be, principal amount of the Loan and/or interest;
Sample 1

Examples of Equated Monthly Instalments in a sentence

  • The Borrower shall repay the Loan, and the interest payable thereon, in monthly instalments as per the as agreed, which instalments are hereinafter referred to as "The Equated Monthly Instalments" or "EMI''.

  • Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors (excluding prepayments).

  • Term Loan: Equated Monthly Instalments (EMI) as detailed in the Loan Documents.

  • The Reserve Bank of India vide its circular dated March 27, 2020 permitted the lenders to allow a moratorium for three months of EMI (Equated Monthly Instalments), falling due between March 01, 2020 and May 31, 2020 for various categories of loans.

  • The Equated Monthly Instalments will have to be paid till the entire loan and the interest is fully repaid.

  • The Loan amount to be repaid, along with applicable rate of interest, in Equated Monthly Instalments (EMIs), over the tenure of the Loan.

  • Repayment of housing loans is generally by way of Equated Monthly Instalments (EMIs) comprising principal and interest.

  • MODE OF REPAYMENT: The Loan amount to be repaid, along with applicable rate of interest, in Equated Monthly Instalments (EMIs), over the tenure of the Loan.

  • Borrower is advised to refer to the loan agreement for details of repayment, in Equated Monthly Instalments (EMI/ Pre-EMl) or other payments, EMI cycle, due dates etc.

  • I impose an even stricter condition in order to ensure that acquirers’ marginal costs are so low that they would be able to serve all merchants.

Related to Equated Monthly Instalments

  • Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);

  • Final payment rate means the aggregate sum of the two components (the blended base amount and capital costs) that, when added together, form the final dollar value used to calculate each provider’s reimbursement amount when multiplied by the DRG weight. These dollar values are displayed on the rate table listing.

  • Instalment Date means each date (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.

  • Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).