EMI System in the USA Explained (Loans, Monthly Payments & How EMI Works – 2026)
In the United States, buying expensive items like cars, homes, electronics, or even education is often done through monthly installment payments, commonly known as EMI (Equated Monthly Installment). Although the term “EMI” is more popular in some countries, the concept is widely used in the USA through loans, financing plans, and credit cards. This complete …