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  • Bajaj Fin

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    Alokenath Sharma
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    Prasanta Ghosh took out a 12-month auto loan from the Kolkata branch for Rs. 24,500 at 0% interest to purchase a consumer durable costing Rs. 29,190. The loan is to be paid back in 12 equal monthly installments of Rs. 2,042 each on the 2nd of every month, with the first 4 installments paid in advance. The repayment schedule shows the opening principal, interest, total payment and closing principal for each month.

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    Prasanta Ghosh took out a 12-month auto loan from the Kolkata branch for Rs. 24,500 at 0% interest to purchase a consumer durable costing Rs. 29,190. The loan is to be paid back in 12 equal monthly installments of Rs. 2,042 each on the 2nd of every month, with the first 4 installments paid in advance. The repayment schedule shows the opening principal, interest, total payment and closing principal for each month.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Download as pdf or txt
    5 views1 page

    Bajaj Fin

    Uploaded by

    Alokenath Sharma
    Prasanta Ghosh took out a 12-month auto loan from the Kolkata branch for Rs. 24,500 at 0% interest to purchase a consumer durable costing Rs. 29,190. The loan is to be paid back in 12 equal monthly installments of Rs. 2,042 each on the 2nd of every month, with the first 4 installments paid in advance. The repayment schedule shows the opening principal, interest, total payment and closing principal for each month.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    REPAYMENT SCHEDULE

    BRANCH

    KOLKATA

    Loan Type

    AUTO CD LOAN

    Customer

    PRASANTA GHOSH

    Product

    CONSUMER DURABLE

    Agreement No.

    4100CD30183283

    Agmt. Date

    15/10/2016

    Asset Cost/Property Value

    29190

    Frequency

    Monthly EMIs

    Amount Financed

    24500

    Interest Rate

    0%

    Original Amount Finance

    24500

    Tenure (In Months)

    12

    Agmt. Mode

    Arrear

    Total Installment

    12

    Advance EMI

    Currency

    INR

    Status

    Active
    EMI
    Holiday

    Due Date

    02/12/2016

    16332.00

    2042.00

    2042.00

    0.00

    14290

    EMI

    2042.00

    02/01/2017

    14290.00

    2042.00

    2042.00

    0.00

    12248

    EMI

    2042.00

    02/02/2017

    12248.00

    2042.00

    2042.00

    0.00

    10206

    EMI

    2042.00

    02/03/2017

    10206.00

    2042.00

    2042.00

    0.00

    8164

    EMI

    2042.00

    02/04/2017

    8164.00

    2042.00

    2042.00

    0.00

    6122

    EMI

    2042.00

    02/05/2017

    6122.00

    2042.00

    2042.00

    0.00

    4080

    EMI

    2042.00

    02/06/2017

    4080.00

    2042.00

    2042.00

    0.00

    2038

    EMI

    2042.00

    02/07/2017

    2038.00

    2042.00

    2038.00

    4.00

    EMI

    2042.00

    02/08/2017

    0.00

    2042.00

    2042.00

    0.00

    -2042

    EMI

    2042.00

    10

    02/09/2017

    0.00

    2042.00

    2042.00

    0.00

    -2042

    EMI

    2042.00

    11

    02/10/2017

    0.00

    2042.00

    2042.00

    0.00

    -2042

    EMI

    2042.00

    12

    02/11/2017

    0.00

    2042.00

    2042.00

    0.00

    -2042

    EMI

    2042.00

    Principal

    Interest

    Rate(%)

    Instl.No

    Instl.Amt

    Closing
    Principal

    Total
    Instl Type Amount
    Due

    Opening
    Principal

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