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  • Details of Loan Offer

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    Ammu Sai
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    This document provides details of a loan offer, including an interest rate of 16.25% fixed, monthly reducing EMI of Rs. 4,890, and a loan tenure of 5 years. For a loan amount of Rs. 2,00,000, the total cost would be Rs. 2,97,894, which includes Rs. 93,400 in interest and Rs. 4,494 in processing fees. Choosing a higher loan amount of Rs. 4,00,000 would result in higher monthly payments of Rs. 9,780 and a total cost of Rs. 5,95,789.

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    Loan

    Titolo originale

    Loan

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    This document provides details of a loan offer, including an interest rate of 16.25% fixed, monthly reducing EMI of Rs. 4,890, and a loan tenure of 5 years. For a loan amount of Rs. 2,00,000, the total cost would be Rs. 2,97,894, which includes Rs. 93,400 in interest and Rs. 4,494 in processing fees. Choosing a higher loan amount of Rs. 4,00,000 would result in higher monthly payments of Rs. 9,780 and a total cost of Rs. 5,95,789.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLSX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    161 visualizzazioni2 pagine

    Details of Loan Offer

    Caricato da

    Ammu Sai
    This document provides details of a loan offer, including an interest rate of 16.25% fixed, monthly reducing EMI of Rs. 4,890, and a loan tenure of 5 years. For a loan amount of Rs. 2,00,000, the total cost would be Rs. 2,97,894, which includes Rs. 93,400 in interest and Rs. 4,494 in processing fees. Choosing a higher loan amount of Rs. 4,00,000 would result in higher monthly payments of Rs. 9,780 and a total cost of Rs. 5,95,789.

    Copyright:

    © All Rights Reserved
    Scarica in formato XLSX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 2

    Details of Loan Offer

    Interest Rate

    16.25% Fixed

    Rate Type

    Monthly reducing

    EMI

    Rs. 4,890

    Tenure of Loan

    5 years

    Pre-closure Fee

    4% of pre-closed amount

    Break-up of Total Cost


    Loan Amount

    Rs. 2,00,000

    Total Interest

    Rs. 93,400

    Proc. Fees
    (incl Service Tax)

    Rs. 4,494

    Total Cost

    Rs. 2,97,894

    For chosen loan amount and tenure you pay :


    Monthly Payment
    (EMI)
    Rs. 9,780
    Interest Rate
    (Monthly Reducing)
    Total Cost

    16.25% Fixed
    Rs. 5,95,789

    Loan Amount
    Rs. 4,00,000
    Total Interest
    Rs. 1,86,800
    Fees + Tax
    Rs. 8,989
    Total Cost
    Rs. 5,95,789

    14.25% 5 yrs

    3lac
    4lac
    5lac

    9359

    7019
    9359
    11699

    18680

    65000

    6973.333

    2695

    5la

    11699
    14.25%
    4194 0.8% PF

    14005

    1.21lac
    1.61lac
    2.19lac

    14005

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