Pre EMI definition

Pre EMI means the amount payable by the Borrower at the interest indicated on the Loan from the Effective Date to the date immediately prior to the date of commencement of instalment.
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Pre EMI means, the interest on the Loan payable for the period starting from the respective date/ date(s) of Disbursement up to the date from which the interest becomes payable as part of the EMIs.
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Pre EMI means the repayment of interest calculated on the Loan during the Moratorium period, if any before the commencement of repayment of EMIs/ Installment(s) fixed by the Bank.
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Examples of Pre EMI in a sentence

  • Borrower hereby gives his / her consent for deduction of the Pre EMI amount from the loan amount being disbursed.

  • The Borrower shall promptly, in full, pay the Pre EMI (If applicable), EMI and all other amounts payable under this Agreement, without any demur, protest or default and without claiming any set-off or counter claim, on the respective dates on which the same are due.

  • If the EMI on the date of Your termination, dismissal, temporary suspension or retrenchment from employment is greater than the EMI payable under Loss of Job Sum Insured specified in the Policy Schedule, then We shall be liable to pay the EMI or Pre EMI, on the loan or the Sum Insured, whichever is lower, on the date of the event giving rise to a Claim under this section.

  • The Lender may at its discretion grant an option to the Borrower to service only the Interest component, which option would be available only till the Pre- EMI End Date or such earlier date as intimated by the Lender.

  • Pre EMI interest received from customers is recognised as income on accrual basis.Income on discounted instrumentsIncome on discounted instruments is recognised over the tenor of the instrument on straight line basis.

  • Pending commencement of EMIs, Pre- EMI Interest is payable every month.

  • Pre EMI interest at the rate, at which the EMI has been calculated, shall be charged from the respective date(s) of disbursements to the date of commencement of EMI in respect of the loan.

  • The first instalment may be different depending on the date of disbursal known as Pre EMI.

  • Acute condition - Acute condition is a disease, Illness or Injury that is likely to respond quickly to treatment which aims to return the person to his or her state of health immediately before suffering the disease/ Illness/ Injury which leads to full recovery 1EMI refers to the EMI or Pre EMI on the loan or the Sum Insured, whichever is lower, on the date of the Insured Event.

  • The same shall be payable on a monthly basis.(B) Repayment of Loan and Payment of Interest:a) Prior to commencement of Monthly installments provided in table below, the borrower shall be liable to pay RAHF the Pre- EMI on the disbursed amount.b) Loan and Interest shall be payable by the Borrower in the following Monthly Installments.

Related to Pre EMI

  • Credited Service means the member's total period of service

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Tipped employee means any employee engaged in an occupation in which he or she customarily and regularly receives more than thirty dollars ($30) per month in tips; and

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Service employee, means any person engaged in the performance of this contract other than any person employed in a bona fide executive, administrative, or professional capacity, as these terms are defined in Part 541 of Title 29, Code of Federal Regulations, as revised. It includes all such persons regardless of any contractual relationship that may be alleged to exist between a Contractor or subcontractor and such persons.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Service benefit means the credit toward retirement benefits as determined by the

  • Female employee means an employed female who is pregnant or is caring for a child she has borne or a child who has been placed with her for adoption purposes.