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Loans

EMI

An important concept in finance is the Equated Monthly Installment (EMI), which refers to the amount of money paid by a borrower each month towards the repayment of a loan. This installment is calculated based on the loan amount and the loan period, and is a crucial factor to consider when taking out a loan. Understanding the concept of EMI is essential for making informed financial decisions and managing one's loans effectively.

Obligation of the borrower

As a financial professional, it is vital to understand the concept of borrower obligations in an agreement. These obligations include maintaining a repayment schedule, regul...

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Estimation

In finance, it is crucial to accurately determine the value of an asset, particularly if it is a pre-existing property. This process is known as estimation, or valuation. As...

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Sale Deed

A fundamental concept in finance is the deed, a written instrument that conveys ownership of a property in exchange for consideration. This crucial document must be register...

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Stamp Duty

When we talk about finance, one term that often comes up is "stamp duty." This refers to the fee or duty that is paid on various financial documents, and the rate varies fro...

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