Understanding financial terminology is key to making informed decisions. Explore our comprehensive glossary of financial terms and concepts.
The yearly cost of a loan including interest and other fees, expressed as a percentage of the loan amount.
A fixed payment amount made by a borrower to a lender at a specified date each month. EMI consists of both principal and interest components.
A one-time fee charged by lenders for processing a loan application, typically a percentage of the loan amount.
Interest calculated on the initial principal and also on the accumulated interest from previous periods. Often called "interest on interest".
The rate at which the general level of prices for goods and services rises, reducing purchasing power over time.
The percentage charged on the principal amount by a lender to a borrower for the use of money, typically expressed as an annual percentage.
The date when a financial instrument (like a fixed deposit or loan) reaches the end of its term and becomes due for payment.
The original amount of money borrowed in a loan or invested in a financial instrument, excluding interest or returns.
The value of money adjusted for inflation, representing the actual purchasing power at a given time.
An investment strategy where you invest a fixed amount regularly regardless of market conditions, potentially reducing the impact of volatility.
A financial instrument provided by banks where money is deposited for a fixed period at a predetermined interest rate.
An investment vehicle that pools money from many investors to purchase securities like stocks, bonds, or other assets.
A special type of term deposit where you can deposit a fixed amount every month for a predetermined period and earn interest.
An investment strategy where you invest a fixed amount regularly in mutual funds or other investment vehicles, typically monthly.
A facility that allows investors to withdraw a fixed amount from their mutual fund investments at regular intervals.
Now that you understand the terminology, try our financial calculators to plan your finances effectively.