The definition of a moni split is a type of payment plan that divides a large sum of money into smaller payments over a period of time. It is often used when making large purchases, such as a car or a house. The moni split plan allows the borrower to make more manageable payments with a manageable interest rate. It can also be useful for those who need to borrow money for a short-term basis.
The moni split plan is used by borrowers to pay for large ticket items over time. The borrower will pay a single monthly payment to the lender, which is then divided into smaller payments. This plan allows the borrower to make more affordable payments in a shorter amount of time. The lender will also offer a lower interest rate to the borrower in exchange for taking on the moni split.
The moni split plan is beneficial to both the lender and the borrower. For the borrower, it allows them to make more affordable payments over a shorter period of