NBFC
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Personal Loan
EMI is a predetermined payment amount given to the lender by a borrower at a particular date each calendar month. EMI is an equated monthly payment. Equated monthly instalments apply to both interest and capital every month in order to fully reimburse the loan over a set number of years.
The financial sector of India is huge. It comprises commercial banks and non-banking financial company shortly known as NBFC.
