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    Repayment Schedule 20-19-44

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    Rahil Hapur
    Rahil Yunus took out an auto loan of Rs. 20,990 from the Hapur branch of his bank to purchase a vehicle. The loan was to be repaid in 6 monthly installments of Rs. 3,499 each, with no interest charged. By the 6th payment on July 2nd, the full amount of the original loan would be repaid with no remaining balance. The repayment schedule shows the installment amounts deducted from the opening principal each period to arrive at the closing principal for the term of the loan.

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    Repayment Schedule 20-19-44

    Uploaded by

    Rahil Hapur
    4 views1 page
    Rahil Yunus took out an auto loan of Rs. 20,990 from the Hapur branch of his bank to purchase a vehicle. The loan was to be repaid in 6 monthly installments of Rs. 3,499 each, with no interest charged. By the 6th payment on July 2nd, the full amount of the original loan would be repaid with no remaining balance. The repayment schedule shows the installment amounts deducted from the opening principal each period to arrive at the closing principal for the term of the loan.

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    Rahil Yunus took out an auto loan of Rs. 20,990 from the Hapur branch of his bank to purchase a vehicle. The loan was to be repaid in 6 monthly installments of Rs. 3,499 each, with no interest charged. By the 6th payment on July 2nd, the full amount of the original loan would be repaid with no remaining balance. The repayment schedule shows the installment amounts deducted from the opening principal each period to arrive at the closing principal for the term of the loan.

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    © All Rights Reserved
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    Flag for inappropriate content
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    4 views1 page

    Repayment Schedule 20-19-44

    Uploaded by

    Rahil Hapur
    Rahil Yunus took out an auto loan of Rs. 20,990 from the Hapur branch of his bank to purchase a vehicle. The loan was to be repaid in 6 monthly installments of Rs. 3,499 each, with no interest charged. By the 6th payment on July 2nd, the full amount of the original loan would be repaid with no remaining balance. The repayment schedule shows the installment amounts deducted from the opening principal each period to arrive at the closing principal for the term of the loan.

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    of 1

    REPAYMENT SCHEDULE

    Branch HAPUR Loan Type AUTO CD LOAN


    ECOM CONSUMER
    Customer RAHIL YUNUS Product
    FINANCE
    Agreement No 76PECFHU782765 Agreement Date 13-01-2022
    Asset Cost/Property Value 500000 Frequency Monthly EMIs
    Original Amount
    Amount Financed 20990 20990
    Finance
    Tenure(In Months) 6 Total Installment 6
    Advance EMI 0 Currency INR
    Annualized Rate of
    0% Status Active
    Interest*
    *For Loan against Gold Jewellery, applicable rate of interest will vary basis your repayment date as per the interest rate
    table communicated in the Application form cum terms and conditions and the Gold Deposit Receipt.

    Instl. Instl
    Due Date Opening Principal Instl.Amt Principal Interest Closing Principal Annualized Rate of Interest* (%) Total Amt Due EMI Holiday
    No Type
    1 02-02-2022 20990 3499 3499 0 17491 0 EMI 3499 N
    2 02-03-2022 17491 3499 3499 0 13992 0 EMI 3499 N
    3 02-04-2022 13992 3499 3499 0 10493 0 EMI 3499 N
    4 02-05-2022 10493 3499 3499 0 6994 0 EMI 3499 N
    5 02-06-2022 6994 3499 3499 0 3495 0 EMI 3499 N
    6 02-07-2022 3495 3495 3495 0 0 0 EMI 3495 N
    Total 20990 20990 0 20990

    Note-: This is a system generated statement and hence does not require any signature.

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