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 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. What is EMI Full Form? Learn EMI meaning, calculation, and key factors affecting EMI. EMI stands for Equated Monthly Installment—a fixed monthly loan repayment including principal and interest. 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.
