Suppose an individual or a company takes a loan from a financial institution. However, that loan cannot be paid as a one-off time payment. So there is an arrangement between the individual/ company and the financial institution that is providing the loan. In this sort of arrangement, the financial institution comes up with an option that the company/individual pays a certain amount of instalments for the tenure or the period of loan. These instalments have to be paid every month. Such instalments are known as Equated Monthly Instalments or more commonly known as EMI.
This is an option that is available if the loan cannot be paid off in one single lump sum amount. When an individual/ company take a loan, there is the principle amount that is the amount that is considered as a loan. The interest is payable on the principal amount taken as a loan. The period or tenure of the loan is also present. EMIs are present for different types of loan. However, as the principal amount of loan is higher, the EMI is even higher.
EMI options are available for the following loans:
The EMIs for the above loans will differ according to the amount of principal loan that is taken.
Fintechasia Lending, Risk Management Service, can be availed in the following way:
By using Fintechasia service, your firm would get support related to the use of Aadhaar API services and authentication processes. By using Fintechasia service, you would get an initial consultation by industry experts and continued IT support to use.
Right from NBFC consultation to Auditing Services, Fintechasia is a one stop shop for all your professional needs. They were very courteous and professional in their approach. We would definitely recommend their service to anyone seeking professional help
Fintechasia has provided me exceptional service when I consulted them for my NBFC business. From initial consultation to registering my NBFC business they were proficient and expert in their advice. I would highly recommend them for NBFC services.