Why are EMI’s so high?

Q&ACategory: FinancialWhy are EMI’s so high?
Harneit Kaur Staff asked 1 year ago
1 Answers
FinMargin Expert answered 1 year ago

Since there is a cost attached for everything, thus loan comes at the cost of high EMI’s. A cost to use the amount which you do not own. but are willing to borrow. EMI’s are painful as they reduce your disposable monthly income. Do bother to check the full and final payment made on the loan repayment. Next time you will think twice to go for EMI’s 😊.