EMI Full Form Sparks Debate as Borrowers Question Hidden Credit Costs

In today’s world of instant financing and credit-driven lifestyles, EMI full form—Equated Monthly Installments—is a term that virtually every borrower knows. It’s the cornerstone of loans, be it for a home, car, or even consumer electronics. Yet, this ubiquitous financial term has recently sparked fresh debate among borrowers, primarily focusing on hidden credit costs. The…