Emi Rental. Pay rent or pay EMI that’s the dilemma we’ll solve for you today using only some basic school level maths The decision to live on rent or buy a home with the help of a home loan leaves a question mark in most of the young earner’s minds On one hand there’s the perception of owning a home and on the other is the flexibility of staying on rent without the worry about.
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An equated monthly installment (EMI) is a fixed payment made by a borrower to a lender on a specified date of each month EMIs are applied to both interest and principal each month so that over a.
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If we compare the value of renting and EMI in the long run there are several benefits of paying EMI versus paying rent While in the starting EMI’s or rent both feel heavy on a family’s pockets As time fades the salaries and incomes also increases but with an increase in income the EMI’s still remains the same and after a time doesn’t feel heavy on the pockets But in case.
