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How EMI works??

rajeshmore
Discoverer
0 Kudos
263

Hi

I know monthly equated emi and it's formula also

But if I choose quarterly, half yearly or yearly then when I have to pay my first emi in next month or depending on quarterly half yearly or yearly ex my disbursement date is 11th nov and cycle date is 5th of month then if I choose quarterly then my first emi will be on 5th dec or 5th may

And how graded emi works I tried to search bt I can't find in Google.

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