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23 February, 11:54

What's the term when you let customers pay on a monthly basis along with interest until the product is paid off

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  1. 23 February, 14:17
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    EMI

    Explanation:

    It is called EMI or equated monthly installments. It is a fixed payment amount made by a borrower to a lender at a spefied date each calendar month. EMI let let customers pay on a monthly basis along with interest until the product is paid off.
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