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  • Details of Loan Offer

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    Ammu Sai
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    The document outlines the details of two loan offers, including interest rates of 16.25% fixed and 14.25% fixed, EMIs of Rs. 4,890 and Rs. 9,780 respectively, loan tenures of 5 years, and pre-closure fees of 4% of the pre-closed amount. It provides the loan amounts, total interest costs, processing fees, and total costs for loans of Rs. 2,00,000 and Rs. 4,00,000 over 5 years.

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    loan1

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    loan1

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    The document outlines the details of two loan offers, including interest rates of 16.25% fixed and 14.25% fixed, EMIs of Rs. 4,890 and Rs. 9,780 respectively, loan tenures of 5 years, and pre-closure fees of 4% of the pre-closed amount. It provides the loan amounts, total interest costs, processing fees, and total costs for loans of Rs. 2,00,000 and Rs. 4,00,000 over 5 years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    22 views2 pages

    Details of Loan Offer

    Uploaded by

    Ammu Sai
    The document outlines the details of two loan offers, including interest rates of 16.25% fixed and 14.25% fixed, EMIs of Rs. 4,890 and Rs. 9,780 respectively, loan tenures of 5 years, and pre-closure fees of 4% of the pre-closed amount. It provides the loan amounts, total interest costs, processing fees, and total costs for loans of Rs. 2,00,000 and Rs. 4,00,000 over 5 years.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 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
    Monthly Payment
    (EMI)
    Interest Rate
    (Monthly Reducing)
    Total Cost Rs.5,95,789
    Loan Amount
    Rs.4,00,000
    9359
    Total Interest
    Rs.1,86,800
    Fees + Tax
    Rs.8,989
    Total Cost
    Rs.5,95,789
    4lac 9359
    5lac 11699
    For chosen loan amount and tenure you pay :
    Rs.9,780
    16.25% Fixed
    65000
    18680
    6973.333
    2695
    5la 11699 14.25%
    4194 0.8% PF
    14005
    1.61lac 14005
    2.19lac

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