EMI
/ˌiː em ˈaɪ/noun
उच्चारण ई एम आइ
ईएमआई, मासिक किस्त (ऋण चुकाने के लिए हर महीने दी जाने वाली निश्चित राशि)
Core word
- 1
[C]
a fixed amount of money that you pay every month to the lender until a loan has been fully repaid
ईएमआई, मासिक किस्त (ऋण चुकाने के लिए हर महीने दी जाने वाली निश्चित राशि)
- His monthly EMI for the home loan is twenty thousand rupees.
- Radhika bought the laptop on EMI.
- The shop offers a no-cost EMI on mobile phones.
+ 4 more examples
- The EMI for the car loan is deducted from my bank account on the fifth of each month.
- If you miss an EMI, the bank may charge a penalty.
- They chose a longer loan period to reduce the monthly EMI.
- The shop allows you to buy the fridge on easy EMI.
§Structures (grammar patterns) 4
EMI = equated monthly instalment
EMI is an abbreviation for 'equated monthly instalment', a fixed amount paid every month towards a loan. It is pronounced letter by letter: E-M-I.
EMI, 'equated monthly instalment' का संक्षिप्त रूप है, यानी ऋण चुकाने के लिए हर माह दी जाने वाली निश्चित राशि। इसे अक्षर-अक्षर बोला जाता है: E-M-I।
- My EMI for the home loan is ₹18,000.
- The EMI is deducted from my account on the fifth of every month.
pay / miss / skip an EMI
Common verbs are pay, miss, skip and clear. 'Default' is used for repeated non-payment.
आम क्रियाएँ pay, miss, skip और clear हैं। लगातार न चुकाने के लिए 'default' आता है।
- He missed one EMI because of a bank holiday.
- Radhika paid her scooter EMI on time.
EMI on / for + loan
'EMI on' or 'EMI for' names the loan: EMI on a car loan, EMI for a laptop.
'EMI on' या 'EMI for' ऋण को बताता है: EMI on a car loan, EMI for a laptop।
- The EMI on the education loan starts after six months.
- They bought a fridge on EMI.
on EMI / in EMIs
'On EMI' means buying and paying in monthly instalments. The plural 'EMIs' refers to the instalments.
'On EMI' का अर्थ है मासिक किश्तों में खरीदना और चुकाना। Plural 'EMIs' किश्तों के लिए आता है।
- You can buy this phone on EMI.
- The loan will be repaid in sixty EMIs.
+Collocations 4
verb + EMI
paymissskipincreasereducecalculate
- Use the bank's calculator to calculate your monthly EMI.
adjective + EMI
monthlyfixedhighlowfirstlast
- The first EMI is due a month after the loan is released.
EMI + noun
calculatoramountdateburdenoptionschedule
- The EMI burden grew after the interest rate went up.
preposition + EMI
on EMIin EMIsby EMIwithout EMIthrough EMI
- She bought her laptop on EMI with no extra interest.
“More examples 5
- A longer loan period lowers the monthly EMI but raises the total interest.
ऋण की लंबी अवधि मासिक EMI कम करती है, पर कुल ब्याज बढ़ा देती है।
- Many families buy two-wheelers on easy EMI during the festival season.
त्योहारों के मौसम में कई परिवार आसान EMI पर दोपहिया वाहन खरीदते हैं।
- My father pays an EMI of ₹9,500 on the education loan.
मेरे पिताजी शिक्षा ऋण पर ₹9,500 की EMI चुकाते हैं।
- The bank sent a reminder because the EMI had bounced.
बैंक ने स्मरण संदेश भेजा क्योंकि EMI बाउंस हो गई थी।
- In the bank PO exam you may be asked to find the EMI from the principal and the rate.
बैंक PO परीक्षा में मूलधन और दर से EMI निकालने को कहा जा सकता है।
!Common mistakes 2
✗ He bought a TV in EMI.
✓ He bought a TV on EMI.
The fixed expression is 'on EMI'.
निश्चित प्रयोग 'on EMI' है।
✗ I have paid six EMI till now.
✓ I have paid six EMIs so far.
A number before a countable noun needs a plural form: EMIs.
गणनीय noun से पहले संख्या हो तो plural रूप चाहिए: EMIs।
✓In the exam
Notes
Usage: EMI stands for equated monthly instalment.
EMI का पूरा रूप equated monthly instalment है।