An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years

A loan is the amount of money that a bank or lending institution lends to you. In return, you sign an agreement with them stating that you will repay the borrowed amount with interest. EMI is the monthly installment you pay towards your loan at a specified interest rate over a specified loan tenure.

Yes, you can opt for EMI in advance even if the interest rate is a floating rate.

Lease Rental Discounting (LRD) is a Term Loan offered against income-producing commercial assets/property. The LRD Loan works on the premise that your leased property derives fixed rent, which you can use as a 'Collateral' to generate funds, instantly.

The LRD eligibility is calculated on the basis of the discounted rental cash flows of the property, and its current market value. It is a term loan that can be used for both personal and professional needs.