How To Avoid Being Burdened With High Emis?

When opting for loan, there are various factors one would need to consider. Some of the important factors include interest rates, principle amount and even the repayment tenure. In addition to this, the applicant would also need to consider the EMI's. Equated monthly instalments also known as EMI's specifies the number of months you have to pay the sum of the interest and principal each month which contributes to repaying the borrowed loan amount. However, without proper planning and decision, an applicant would find himself burden with high EMI's till the end of the repayment tenure. Here

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