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Repayment Schedule - 20 - 38 - 42

Ranjithkumar from Tumkur took out a Rs. 25,000 auto loan from the bank at 0% interest to purchase an asset worth Rs. 29,999. The loan is to be repaid in 10 monthly installments of Rs. 2,500 each starting September 2nd, 2022. The repayment schedule shows the opening principal, installment amount, principal paid, interest paid, and closing principal for each period. The total amount paid will be Rs. 25,000 repaying the principal amount in full.

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Ranjith kumar R
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53 views1 page

Repayment Schedule - 20 - 38 - 42

Ranjithkumar from Tumkur took out a Rs. 25,000 auto loan from the bank at 0% interest to purchase an asset worth Rs. 29,999. The loan is to be repaid in 10 monthly installments of Rs. 2,500 each starting September 2nd, 2022. The repayment schedule shows the opening principal, installment amount, principal paid, interest paid, and closing principal for each period. The total amount paid will be Rs. 25,000 repaying the principal amount in full.

Uploaded by

Ranjith kumar R
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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REPAYMENT SCHEDULE

Branch TUMKUR Loan Type AUTO CD LOAN


RANJITHKUMAR RURAL DIGITAL
Customer Product
R DISTRIBUTION
Agreement No 543RDDIO016884 Agreement Date 13-08-2022
Asset Cost/Property
29999 Frequency Monthly EMIs
Value
Original Amount
Amount Financed 25000 25000
Finance
Tenure(In Months) 10 Total Installment 10
Advance EMI 2 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 02-09-2022 20000 2500 2500 0 17500 0 EMI 2500 N
2 02-10-2022 17500 2500 2500 0 15000 0 EMI 2500 N
3 02-11-2022 15000 2500 2500 0 12500 0 EMI 2500 N
4 02-12-2022 12500 2500 2500 0 10000 0 EMI 2500 N
5 02-01-2023 10000 2500 2500 0 7500 0 EMI 2500 N
6 02-02-2023 7500 2500 2500 0 5000 0 EMI 2500 N
7 02-03-2023 5000 2500 2500 0 2500 0 EMI 2500 N
8 02-04-2023 2500 2500 2500 0 0 0 EMI 2500 N
9 02-05-2023 0 2500 2500 0 -2500 0 EMI 2500 N
10 02-06-2023 0 2500 2500 0 -2500 0 EMI 2500 N
Total 25000 25000 0 25000

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

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