The document outlines a 24-month loan repayment schedule for a Rs. 50,000 loan with an interest rate of 5%. It shows that the borrower will pay an EMI (equated monthly installment) of Rs. 2,194 each month, with portions going towards principal repayment and interest. By the end of the 24 months, the full principal of Rs. 50,000 will be repaid along with total interest of Rs. 2,646.
The document outlines a 24-month loan repayment schedule for a Rs. 50,000 loan with an interest rate of 5%. It shows that the borrower will pay an EMI (equated monthly installment) of Rs. 2,194 each month, with portions going towards principal repayment and interest. By the end of the 24 months, the full principal of Rs. 50,000 will be repaid along with total interest of Rs. 2,646.
The document outlines a 24-month loan repayment schedule for a Rs. 50,000 loan with an interest rate of 5%. It shows that the borrower will pay an EMI (equated monthly installment) of Rs. 2,194 each month, with portions going towards principal repayment and interest. By the end of the 24 months, the full principal of Rs. 50,000 will be repaid along with total interest of Rs. 2,646.