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Smartpaisa Flat Diminishing Rate

This document outlines the key details of a loan including the loan amount, tenor in years, interest rate per annum, monthly EMI payment, total EMI payment over the tenor of the loan, total interest payment, and the equivalent diminishing balance interest rate.

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vin1925
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98 views1 page

Smartpaisa Flat Diminishing Rate

This document outlines the key details of a loan including the loan amount, tenor in years, interest rate per annum, monthly EMI payment, total EMI payment over the tenor of the loan, total interest payment, and the equivalent diminishing balance interest rate.

Uploaded by

vin1925
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Loan Amount

Tenor in Years

Interest Rate per annum

Flat Interest Rate @ 10% p.a.

EMI 2,500

Total EMI payment 150,000

Total Interest payment 50,000

Equivalent Diminishing Balance Interest Rate 17.27%

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