EMI stands for equated monthly instalment, the fixed monthly payment you make until your loan is paid in full. Learn how to calculate your EMI, what factors affect it, and how to use it to compare loan options. EMI stands for Equated Monthly Instalment, which refers to the fixed sum you pay every month to clear a loan or purchase. Each instalment includes a portion of the principal along with the interest, ensuring that repayment is spread out over time rather than in one go. Emi or equated monthly installment is the fixed amount paid to clear off a loan in a given period. Learn how Emi is calculated based on principal, interest, tenure and rest period, and how it changes with pre-payment, default or interest rate change. EMI stands for Equated Monthly Instalments, the monthly payments you make to repay a loan. Learn how to calculate EMI using fixed-rate or reducing-balance methods, and how HSBC can help you with instant EMI and cash-on-EMI options.
