117k views
5 votes
What’s the term when you let customers pay on a monthly basis along with interest until the product is paid off

1 Answer

1 vote

Answer:

EMI

Step-by-step 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.

User Nizar Grira
by
8.1k points

No related questions found