Symphony Z40 4/64 GB

 16,899.00 16,900.00 (-0%)

In stock

EMI Calculation in NPR ( Amount Not Include after (Decimal)
Varients Price 6 Month EMI 12 Month EMI 18 Month EMI
4/64 GB 16899 2817 1408 939

 

Download Quotation For Symphony Z40 4-64 GB

Loan Application Form – Siddhartha Bank, Mega Bank, Global IME Bank, NMB Bank NSI

Check Complete EMI Process before applying at Bank 
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Symphony Z40 Specification

For Symphony Z40 specification (Please Scroll Down)

About EMI

An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI Process is applicable only for Credit cardholders. Equated monthly installments are applied to both interest and principal each month so that over a specified number of years, the loan is paid off in full.

KEY TAKEAWAYS

  • An equated monthly installment (EMI) is a fixed payment made by a borrower to a lender on a specified date of each month.
  • EMIs are applied to both interest and principal each month so that over a specified time period, the loan is paid off in full.
  • EMIs can be calculated in two ways: the flat-rate method or the reducing-balance method.
  • The EMI reducing-balance method generally is more favorable for borrowers, as it results in lower interest payments overall.
  • EMIs allow borrowers the peace of mind of knowing exactly how much money they will need to pay each month toward their loan.
  • Samsung Galaxy M12 Specification in below (Please Scroll Down)

How an Equated Monthly Installment (EMI) Works

EMIs differ from variable payment plans, in which the borrower can pay higher amounts at his or her discretion. In EMI plans borrowers are usually only allowed one fixed payment amount each month. The benefit of an EMI for borrowers is that they know precisely how much money they will need to pay toward their loan each month, which can make personal budgeting easier. The benefit to lenders (or investors the loan is sold to) is that they can count on a steady, predictable income stream from the loan interest.

What will be the Monthly installment and how to calculate it?

 Monthly EMI is calculated as per the approved finance amount –

For example, if the approved amount is Rs 30,000/-

Monthly EMI = Total approved amount / duration (in Month

For 6 Month -> Rs 30,000/- / 6 Month = Rs 5000/- per Month

For 12 Month -> Rs 30,000/- / 12 Month = Rs 2500/- per Month

For 18 Month -> Rs 30,000/- / 18 Month = Rs 1666.66/- per Month

Is EMI Good or Bad?

 EMI is neither inherently good nor bad—unless you consider borrowing and accruing debt bad, and paying for things in full the only “good” option.

In terms of borrowing options, EMI does have its good points, though. Because it divides the debt into the same fixed payments each month, it helps borrowers budget their finances and keep in mind their outstanding obligations. They know how much they have to pay, and how long it will take them to settle their debt in full.

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Check Complete EMI Process before applying at Bank  

Symphony Z40 Specification

Body: 76.6 x 165 x 8.9mm, 193.5 gm
Display: 6.55-inches IPS LCD panel, 16.7m colors
Resolution: HD+ (1600 x 720 pixels), 268 PPI
Chipset: MediaTek Helio G35 4G (12nm Mobile Platform)
Memory: 3/4GB RAM, 32/64GB storage (expandable up to 128GB)
Software & UI: Android 10
Rear Cameras: Triple (13MP primary, 5MP ultrawide, 2MP portrait)
Front Camera: 13MP sensor (punch-hole)
Audio: Loudspeaker, 3.5mm headphone jack
Security: Rear-mounted fingerprint sensor, Face unlock
Sensors: Accelerometer, Light, Proximity
Battery: 5000mAh Li-Po, 10W charging via USB-C port
Color Options: Dazzling Blue, Delightful Green, Jolly Blue
Price in Nepal: Rs. 16,899 (4/64GB)

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