Factors that Affect Jammu And Kashmir Bank Credit Card EMI

  • Outstanding amount:The principal is the Jammu And Kashmir Bank Credit Card outstanding amount that you avail from the lender or bank. It is directly proportional to your other EMIs - lower outstanding  will lower your monthly EMi instalments and vice versa.
  • Rate of interest- The rate of interest at which the lender offers you the Jammu And Kashmir Bank Credit Card outstanding amount . It is also directly proportional to the value of Jammu And Kashmir Bank Credit Card outstanding amount EMIs.
  • Tenure- The tenure is the time within which you repay Jammu And Kashmir Bank Credit Card outstanding amount. The tenure is inversely proportional to Jammu And Kashmir Bank Credit Card outstanding amount EMIs - longer tenure makes the monthlyJammu And Kashmir Bank Credit Card instalments cheaper and vice versa.

Things to consider that affect the Jammu And Kashmir Bank Credit Card EMI:

  1. Income Levels
  2. Stability of Income
  3. Vehicle or car type 
  4. Credit History( loan repayment history)
  5. Employment Status for Salaried
  6. Business Longevity for Self-employed 
  7. Relationship with Lender or banker
  8. Category of Your Employer
  • Allahabad Bank