emi Definition and Meaning in English (emi definition)

noun
Synonyms:monthly paymentinstallment
Quick Answer • Definition

Emi definition: An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each month, typically used for loan repayments.

Definitions of Emi

  1. 1noun(formal)

    An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each month, typically used for loan repayments.

Example Sentences

casual

“I need to pay my EMI by the 5th of every month.”

business

“The bank offers various EMI options for car loans.”

Synonyms

monthly paymentinstallment

Inflected Word Forms

pluralEMIs

Phrases & Idiomatic Expressions

EMI schemecollocation

A plan or system for making payments in equated monthly installments.

No-cost EMIexpression

An EMI option where the borrower pays no extra interest or processing fees.

Frequently Asked Questions: Emi in English

What is the meaning of Emi in English?▼
Emi definition: An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each month, typically used for loan repayments.
How do you translate 'Emi' to English?▼
'Emi' translates to 'emi' in English. Emi definition: An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender on a specified date each month, typically used for loan repayments.
How do you pronounce 'Emi' and 'emi'?▼
Listen to clear English audio pronunciation of 'Emi' and native English audio speech for 'emi' with bilingual sentence examples on DictBridge.

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