reminding for help!!!

4) EMI means Equated Monthly Instalments..?

-via135

via135 Wrote:
yes..mr fred!
you are absolutely correct!
i give below the particulars!
1) "/" nothing but decimal separator "." and "-" means "no decimal"
2) "monthly rests" means interest being applied for monthly products
ie) month end balance.
3) interest is applied on "simple interest basis" and not on
"compounding effect". ie) interest is applied for the month end balance
of principal amount and the interest amount is transferred to another
account for which no interest is applied. that's why the repayment is
being separately fixed for principal & interest.

hope i have detailed the things enough and u have understood?

-via135


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