> For the complete documentation index, see [llms.txt](https://docs.kbgfuzion.com/erp/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kbgfuzion.com/erp/knowledge-base/modules/emi-module.md).

# EMI Module

With this module, you can easily sell your products/invoices individually in installments directly to customers. 

You can make installment plans with different variations like Simple Interest Compound Interest, Late Payment Penalty, Define Interest rates, and many more.

### Explore All Features

Check out all the features listed below to know more about our installment module so you can use more efficiently depending on your business need.

* Customizable plans with variations (Simple Interest, Compound Interest, Late Payment Penalty)
* Interest rate definition
* Multiple installment plan creation
* Installment collections
* Comprehensive reports on payment status and trends
* Flexible payment schedules
* Automated notifications
* Customer account management
* Refund handling within the installment framework
* Customizable late payment policies