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Know MoreBasic Understanding of Money: No prior financial expertise is needed, just a willingness to learn.
Internet Access: To access course materials online anytime, anywhere.
Device: A smartphone, tablet, or computer to view videos and resources.
Interest in Financial Freedom: Motivation to understand EMIs, manage debt, and optimize personal finances.
Time Commitment: Around 1–2 hours to go through the full course at your own pace.
Calculator (Optional): Useful for practicing EMI calculations and understanding loan costs.
An EMI (Equated Monthly Installment) is the fixed amount you pay every month to repay a loan. Whether it’s a home loan, personal loan, or car loan, EMIs allow you to repay the borrowed money in manageable monthly installments rather than paying the full amount at once.
Principal Amount: The original amount of money you borrowed.
Interest: The cost of borrowing the money, usually calculated as a percentage of the principal.
Tenure: The duration over which you will repay the loan.
Why EMIs Can Be Tricky:
While EMIs make loans easier to manage, they can sometimes trap you in a cycle of debt if not planned properly. Hidden interest charges, long repayment tenures, and multiple overlapping loans can increase your financial burden without you realizing it.
By understanding EMIs, you can:
Compare loan offers more effectively
Plan your finances better
Avoid falling into hidden debt traps
This course will help you see the real cost of EMIs and give you practical strategies to manage them effectively, so you stay in control of your finances.