EMI - Everything You Need To Know
What is EMI?
• It is a fixed amount that you pay throughout the loan term.
• It includes both the principal and the interest amounts.
Understand how EMI works
• The larger the loan amount, the higher the EMI.
• You can only pay one EMI per month.
• You can either calculate it manually or through an online
Reasons to choose the EMI option
Buying expensive products
• By paying small amounts every month, you can easily purchase
• As you know your monthly obligations beforehand, you can
easily manage your budget.
• EMI does not put a strain on your wallet.
• You can choose the EMI and the loan term on your own.
How to effectively manage your EMI?
• Know your EMI beforehand.
• Manage your cash flow by minimizing expenses.
• Maintain healthy credit history by avoiding EMI skips.
• Explore the options available with different lenders.
• Pay additional EMI or use the lump sum for prepayment.
Now that you understand EMI better, follow
the above tips to effectively manage it.
Thank You !
Would Love to Hear From You
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Email Id: Corporate.Care@HeroFinCorp.com
Know more: All You Need To Know About Your EMI