Those EMI (Equated Monthly Installment) people
By CSHINE
@SHAMRACK (8576)
India
December 22, 2010 5:05am CST
It had been known to me that every family in my place has someone attached to a loan with EMI (Equated Monthly Installment). I feel those who have lots of expenses do have a EMI attached to any loan. I am also a part of this EMI. Hope this facility have really helped lots of people to also it could be even a trap if not handled carefully. Hope you too would be has an EMI to pay.
1 person likes this
2 responses
@thanks1961 (7033)
• India
22 Dec 10
Hi dear,
I think I am the best person to talk more about EMIs. There are good and bad side of the same. One way it is good, those who are having low income and in need of some excess projects, they can make use of it and continue pay the EMIs.
I have 6 EMIs for various cards and loans. How they loot us as much they can. If we are not properly managed our EMIs with an efficient manner, they will eat up our entire money. If possible, better to finish and make a '0' balance at the earliest. Also, always pay more than minimum as possible and complete the payment at your convenient. If continues, it will remain for the entire life time and they will divert our money for ever.
Thank-s
@thanks1961 (7033)
• India
23 Dec 10
Yes, you are right.
I was supposed to pay only 25 thousand and already paid more than 1.5 laksh and I gone for a settlement with the balance from last month onwards and will continue for another 7 months more!!
@Sreekala (34312)
• India
22 Dec 10
Hello sham,
I think India is a place where each and every product is available on EMI basis. Loans are available for everything and I think it is really an advantage for people
. Presently we don’t have an EMI but we purchased many things earlier on this basis. Fortunately we succeeded to payback and finish off the account.
I think India is a place where each and every product is available on EMI basis. Loans are available for everything and I think it is really an advantage for people. Presently we don’t have an EMI but we purchased many things earlier on this basis. Fortunately we succeeded to payback and finish off the account.
