Property Price 2500000

Rate of Inte (p.a) 9%

Term of Loan (Years) 18
Down Payment (%) 5%
Down Pmt (Amount) 125000
Loan Amount 2375000
EAV (Annual Intalment) ₹ 271,254

Year Op. Bal. Ann. Pmt Interest Principal

1 2375000 ₹ 271,254 213750 ₹ 57,504
2 2,317,496 271,254 208,575 62,680
3 2,254,816 271,254 202,933 68,321
4 2,186,496 271,254 196,785 74,470
5 2,112,026 271,254 190,082 81,172
6 2,030,854 271,254 182,777 88,477
7 1,942,377 271,254 174,814 96,440
8 1,845,936 271,254 166,134 105,120
9 1,740,817 271,254 156,673 114,581
10 1,626,236 271,254 146,361 124,893
11 1,501,343 271,254 135,121 136,133
12 1,365,210 271,254 122,869 148,385
13 1,216,824 271,254 109,514 161,740
14 1,055,084 271,254 94,958 176,297
15 878,788 271,254 79,091 192,163
16 686,624 271,254 61,796 209,458
17 477,166 271,254 42,945 228,309
18 248,857 271,254 22,397 248,857
 Deductions from Employee
Cl. Bal Down Payment
₹ 2,317,496
2,254,816
2,186,496
2,112,026
2,030,854
1,942,377
1,845,936
1,740,817
1,626,236
1,501,343
1,365,210
1,216,824
1,055,084
878,788
686,624
477,166
248,857
-0
Property Price 2500000
Rate of Inte (p.a) 8%
Term of Loan (Years) 15
Down Payment (%) 5%
Down Pmt (Amount) 125000 PMT(8%,15,-2375000)
Loan Amount 2375000
EAV (Annual Intalment) ₹ 277,470
Year Op. Bal. Ann. Pmt Interest Principal
1 2375000 ₹ 277,470 190000 ₹ 87,470
2 2,287,530 277,470 183002.386462 ₹ 94,468
3 2,193,062 277,470 175444.963841 ₹ 102,025
4 2,091,037 277,470 167282.947411 ₹ 110,187
5 1,980,850 277,470 158467.969666 ₹ 119,002
6 1,861,847 277,470 148947.793701 ₹ 128,522
7 1,733,325 277,470 138666.003659 ₹ 138,804
8 1,594,521 277,470 127561.670414 ₹ 149,908
9 1,444,612 277,470 115568.99051 ₹ 161,901
10 1,282,711 277,470 102616.896213 ₹ 174,853
11 1,107,858 277,470 88628.6343717 ₹ 188,842
12 919,016 277,470 73521.3115836 ₹ 203,949
13 715,068 277,470 57205.4029725 ₹ 220,265
14 494,803 277,470 39584.2216724 ₹ 237,886
15 256,917 277,470 20553.3458684 ₹ 256,917
 Cl. Bal
₹ 2,287,530
₹ 2,193,062
₹ 2,091,037
₹ 1,980,850
₹ 1,861,847
₹ 1,733,325
₹ 1,594,521
₹ 1,444,612
₹ 1,282,711
₹ 1,107,858
₹ 919,016
₹ 715,068
₹ 494,803
₹ 256,917
₹ -0.00
Decuctions from Employee Annual effective Rate 0.51%
Total No. 216
Month Ded. To DP Ded. To EAV Total Deductions Maturity Total Maturity
1 5208 10172 15380 ₹ 46,050
2 5208 10172 15380 ₹ 45,815
3 5208 10172 15380 ₹ 45,582
4 5208 10172 15380 ₹ 45,350
5 5208 10172 15380 ₹ 45,120
6 5208 10172 15380 ₹ 44,890
7 5208 10172 15380 ₹ 44,662
8 5208 10172 15380 ₹ 44,435
9 5208 10172 15380 ₹ 44,208
10 5208 10172 15380 ₹ 43,984
11 5208 10172 15380 ₹ 43,760
12 5208 10172 15380 ₹ 43,537
13 5208 10172 15380 ₹ 43,316
14 5208 10172 15380 ₹ 43,095
15 5208 10172 15380 ₹ 42,876
16 5208 10172 15380 ₹ 42,658
17 5208 10172 15380 ₹ 42,441
18 5208 10172 15380 ₹ 42,225
19 5208 10172 15380 ₹ 42,010
20 5208 10172 15380 ₹ 41,796
21 5208 10172 15380 ₹ 41,584
22 5208 10172 15380 ₹ 41,372
23 5208 10172 15380 ₹ 41,162
24 5208 10172 15380 ₹ 40,952
25 10172 10172 ₹ 26,947
26 10172 10172 ₹ 26,809
27 10172 10172 ₹ 26,673
28 10172 10172 ₹ 26,537
29 10172 10172 ₹ 26,402
30 10172 10172 ₹ 26,268
31 10172 10172 ₹ 26,134
32 10172 10172 ₹ 26,001
33 10172 10172 ₹ 25,869
34 10172 10172 ₹ 25,738
35 10172 10172 ₹ 25,607
36 10172 10172 ₹ 25,476
37 10172 10172 ₹ 25,347
38 10172 10172 ₹ 25,218
39 10172 10172 ₹ 25,089
40 10172 10172 ₹ 24,962
41 10172 10172 ₹ 24,835
42 10172 10172 ₹ 24,708
43 10172 10172 ₹ 24,583
44 10172 10172 ₹ 24,458
45 10172 10172 ₹ 24,333
46 10172 10172 ₹ 24,209
47 10172 10172 ₹ 24,086
48 10172 10172 ₹ 23,964
49 10172 10172 ₹ 23,842
50 10172 10172 ₹ 23,721
51 10172 10172 ₹ 23,600
52 10172 10172 ₹ 23,480
53 10172 10172 ₹ 23,360
54 10172 10172 ₹ 23,241
55 10172 10172 ₹ 23,123
56 10172 10172 ₹ 23,006
57 10172 10172 ₹ 22,889
58 10172 10172 ₹ 22,772
59 10172 10172 ₹ 22,656
60 10172 10172 ₹ 22,541
61 10172 10172 ₹ 22,426
62 10172 10172 ₹ 22,312
63 10172 10172 ₹ 22,199
64 10172 10172 ₹ 22,086
65 10172 10172 ₹ 21,973
66 10172 10172 ₹ 21,862
67 10172 10172 ₹ 21,750
68 10172 10172 ₹ 21,640
69 10172 10172 ₹ 21,530
70 10172 10172 ₹ 21,420
71 10172 10172 ₹ 21,311
72 10172 10172 ₹ 21,203
73 10172 10172 ₹ 21,095
74 10172 10172 ₹ 20,988
75 10172 10172 ₹ 20,881
76 10172 10172 ₹ 20,774
77 10172 10172 ₹ 20,669
78 10172 10172 ₹ 20,564
79 10172 10172 ₹ 20,459
80 10172 10172 ₹ 20,355
81 10172 10172 ₹ 20,251
82 10172 10172 ₹ 20,148
83 10172 10172 ₹ 20,046
84 10172 10172 ₹ 19,944
85 10172 10172 ₹ 19,842
86 10172 10172 ₹ 19,741
87 10172 10172 ₹ 19,641
 88 10172 10172 ₹ 19,541
89 10172 10172 ₹ 19,442
90 10172 10172 ₹ 19,343
91 10172 10172 ₹ 19,244
92 10172 10172 ₹ 19,146
93 10172 10172 ₹ 19,049
94 10172 10172 ₹ 18,952
95 10172 10172 ₹ 18,856
96 10172 10172 ₹ 18,760
97 10172 10172 ₹ 18,664
98 10172 10172 ₹ 18,569
99 10172 10172 ₹ 18,475
100 10172 10172 ₹ 18,381
101 10172 10172 ₹ 18,287
102 10172 10172 ₹ 18,194
103 10172 10172 ₹ 18,102
104 10172 10172 ₹ 18,010
105 10172 10172 ₹ 17,918
106 10172 10172 ₹ 17,827
107 10172 10172 ₹ 17,736
108 10172 10172 ₹ 17,646
109 10172 10172 ₹ 17,556
110 10172 10172 ₹ 17,467
111 10172 10172 ₹ 17,378
112 10172 10172 ₹ 17,290
113 10172 10172 ₹ 17,202
114 10172 10172 ₹ 17,114
115 10172 10172 ₹ 17,027
116 10172 10172 ₹ 16,940
117 10172 10172 ₹ 16,854
118 10172 10172 ₹ 16,768
119 10172 10172 ₹ 16,683
120 10172 10172 ₹ 16,598
121 10172 10172 ₹ 16,514
122 10172 10172 ₹ 16,430
123 10172 10172 ₹ 16,346
124 10172 10172 ₹ 16,263
125 10172 10172 ₹ 16,180
126 10172 10172 ₹ 16,098
127 10172 10172 ₹ 16,016
128 10172 10172 ₹ 15,935
129 10172 10172 ₹ 15,854
130 10172 10172 ₹ 15,773
131 10172 10172 ₹ 15,693
132 10172 10172 ₹ 15,613
133 10172 10172 ₹ 15,533
134 10172 10172 ₹ 15,454
135 10172 10172 ₹ 15,376
136 10172 10172 ₹ 15,298
137 10172 10172 ₹ 15,220
138 10172 10172 ₹ 15,142
139 10172 10172 ₹ 15,065
140 10172 10172 ₹ 14,989
141 10172 10172 ₹ 14,912
142 10172 10172 ₹ 14,836
143 10172 10172 ₹ 14,761
144 10172 10172 ₹ 14,686
145 10172 10172 ₹ 14,611
146 10172 10172 ₹ 14,537
147 10172 10172 ₹ 14,463
148 10172 10172 ₹ 14,389
149 10172 10172 ₹ 14,316
150 10172 10172 ₹ 14,243
151 10172 10172 ₹ 14,171
152 10172 10172 ₹ 14,099
153 10172 10172 ₹ 14,027
154 10172 10172 ₹ 13,956
155 10172 10172 ₹ 13,885
156 10172 10172 ₹ 13,814
157 10172 10172 ₹ 13,744
158 10172 10172 ₹ 13,674
159 10172 10172 ₹ 13,604
160 10172 10172 ₹ 13,535
161 10172 10172 ₹ 13,466
162 10172 10172 ₹ 13,398
163 10172 10172 ₹ 13,329
164 10172 10172 ₹ 13,262
165 10172 10172 ₹ 13,194
166 10172 10172 ₹ 13,127
167 10172 10172 ₹ 13,060
168 10172 10172 ₹ 12,994
169 10172 10172 ₹ 12,928
170 10172 10172 ₹ 12,862
171 10172 10172 ₹ 12,796
172 10172 10172 ₹ 12,731
173 10172 10172 ₹ 12,667
174 10172 10172 ₹ 12,602
175 10172 10172 ₹ 12,538
176 10172 10172 ₹ 12,474
177 10172 10172 ₹ 12,411
178 10172 10172 ₹ 12,348
179 10172 10172 ₹ 12,285
180 10172 10172 ₹ 12,222
181 10172 10172 ₹ 12,160
182 10172 10172 ₹ 12,098
183 10172 10172 ₹ 12,037
184 10172 10172 ₹ 11,975
185 10172 10172 ₹ 11,915
186 10172 10172 ₹ 11,854
187 10172 10172 ₹ 11,794
188 10172 10172 ₹ 11,734
189 10172 10172 ₹ 11,674
190 10172 10172 ₹ 11,615
191 10172 10172 ₹ 11,555
192 10172 10172 ₹ 11,497
193 10172 10172 ₹ 11,438
194 10172 10172 ₹ 11,380
195 10172 10172 ₹ 11,322
196 10172 10172 ₹ 11,264
197 10172 10172 ₹ 11,207
198 10172 10172 ₹ 11,150
199 10172 10172 ₹ 11,093
200 10172 10172 ₹ 11,037
201 10172 10172 ₹ 10,981
202 10172 10172 ₹ 10,925
203 10172 10172 ₹ 10,869
204 10172 10172 ₹ 10,814
205 10172 10172 ₹ 10,759
206 10172 10172 ₹ 10,704
207 10172 10172 ₹ 10,650
208 10172 10172 ₹ 10,596
209 10172 10172 ₹ 10,542
210 10172 10172 ₹ 10,488
211 10172 10172 ₹ 10,435
212 10172 10172 ₹ 10,382
213 10172 10172 ₹ 10,329
214 10172 10172 ₹ 10,276
215 10172 10172 ₹ 10,224
216 10172 10172 ₹ 10,172
 ₹ 4,350,187
FV(0.51%,(216-1),,-16511,1)
Decuctions from Employee Annual effective Rate 0.51%
Total No. 180
Month Ded. To DP Ded. To EAV Total Deductions Maturity Total Maturity
1 5208 11561 16770 ₹ 41,787
2 5208 11561 16770 ₹ 41,574
3 5208 11561 16770 ₹ 41,362
4 5208 11561 16770 ₹ 41,152
5 5208 11561 16770 ₹ 40,943
6 5208 11561 16770 ₹ 40,734
7 5208 11561 16770 ₹ 40,527
8 5208 11561 16770 ₹ 40,321
9 5208 11561 16770 ₹ 40,116
10 5208 11561 16770 ₹ 39,912
11 5208 11561 16770 ₹ 39,709
12 5208 11561 16770 ₹ 39,507
13 5208 11561 16770 ₹ 39,306
14 5208 11561 16770 ₹ 39,106
15 5208 11561 16770 ₹ 38,907
16 5208 11561 16770 ₹ 38,709
17 5208 11561 16770 ₹ 38,512
18 5208 11561 16770 ₹ 38,316
19 5208 11561 16770 ₹ 38,121
20 5208 11561 16770 ₹ 37,927
21 5208 11561 16770 ₹ 37,734
22 5208 11561 16770 ₹ 37,542
23 5208 11561 16770 ₹ 37,351
24 5208 11561 16770 ₹ 37,161
25 11561 11561 ₹ 25,489
26 11561 11561 ₹ 25,359
27 11561 11561 ₹ 25,230
28 11561 11561 ₹ 25,102
29 11561 11561 ₹ 24,974
30 11561 11561 ₹ 24,847
31 11561 11561 ₹ 24,721
32 11561 11561 ₹ 24,595
33 11561 11561 ₹ 24,470
34 11561 11561 ₹ 24,346
35 11561 11561 ₹ 24,222
36 11561 11561 ₹ 24,098
37 11561 11561 ₹ 23,976
38 11561 11561 ₹ 23,854
39 11561 11561 ₹ 23,732
40 11561 11561 ₹ 23,612
41 11561 11561 ₹ 23,492
42 11561 11561 ₹ 23,372
43 11561 11561 ₹ 23,253
44 11561 11561 ₹ 23,135
45 11561 11561 ₹ 23,017
46 11561 11561 ₹ 22,900
47 11561 11561 ₹ 22,784
48 11561 11561 ₹ 22,668
49 11561 11561 ₹ 22,552
50 11561 11561 ₹ 22,438
51 11561 11561 ₹ 22,323
52 11561 11561 ₹ 22,210
53 11561 11561 ₹ 22,097
54 11561 11561 ₹ 21,984
55 11561 11561 ₹ 21,873
56 11561 11561 ₹ 21,761
57 11561 11561 ₹ 21,651
58 11561 11561 ₹ 21,540
59 11561 11561 ₹ 21,431
60 11561 11561 ₹ 21,322
61 11561 11561 ₹ 21,213
62 11561 11561 ₹ 21,105
63 11561 11561 ₹ 20,998
64 11561 11561 ₹ 20,891
65 11561 11561 ₹ 20,785
66 11561 11561 ₹ 20,679
67 11561 11561 ₹ 20,574
68 11561 11561 ₹ 20,469
69 11561 11561 ₹ 20,365
70 11561 11561 ₹ 20,262
71 11561 11561 ₹ 20,158
72 11561 11561 ₹ 20,056
73 11561 11561 ₹ 19,954
74 11561 11561 ₹ 19,852
75 11561 11561 ₹ 19,751
76 11561 11561 ₹ 19,651
77 11561 11561 ₹ 19,551
78 11561 11561 ₹ 19,451
79 11561 11561 ₹ 19,352
80 11561 11561 ₹ 19,254
81 11561 11561 ₹ 19,156
82 11561 11561 ₹ 19,059
83 11561 11561 ₹ 18,962
84 11561 11561 ₹ 18,865
85 11561 11561 ₹ 18,769
86 11561 11561 ₹ 18,674
87 11561 11561 ₹ 18,579
 88 11561 11561 ₹ 18,484
89 11561 11561 ₹ 18,390
90 11561 11561 ₹ 18,297
91 11561 11561 ₹ 18,203
92 11561 11561 ₹ 18,111
93 11561 11561 ₹ 18,019
94 11561 11561 ₹ 17,927
95 11561 11561 ₹ 17,836
96 11561 11561 ₹ 17,745
97 11561 11561 ₹ 17,655
98 11561 11561 ₹ 17,565
99 11561 11561 ₹ 17,476
100 11561 11561 ₹ 17,387
101 11561 11561 ₹ 17,298
102 11561 11561 ₹ 17,210
103 11561 11561 ₹ 17,123
104 11561 11561 ₹ 17,036
105 11561 11561 ₹ 16,949
106 11561 11561 ₹ 16,863
107 11561 11561 ₹ 16,777
108 11561 11561 ₹ 16,692
109 11561 11561 ₹ 16,607
110 11561 11561 ₹ 16,522
111 11561 11561 ₹ 16,438
112 11561 11561 ₹ 16,354
113 11561 11561 ₹ 16,271
114 11561 11561 ₹ 16,188
115 11561 11561 ₹ 16,106
116 11561 11561 ₹ 16,024
117 11561 11561 ₹ 15,943
118 11561 11561 ₹ 15,862
119 11561 11561 ₹ 15,781
120 11561 11561 ₹ 15,701
121 11561 11561 ₹ 15,621
122 11561 11561 ₹ 15,541
123 11561 11561 ₹ 15,462
124 11561 11561 ₹ 15,383
125 11561 11561 ₹ 15,305
126 11561 11561 ₹ 15,227
127 11561 11561 ₹ 15,150
128 11561 11561 ₹ 15,073
129 11561 11561 ₹ 14,996
130 11561 11561 ₹ 14,920
131 11561 11561 ₹ 14,844
132 11561 11561 ₹ 14,768
133 11561 11561 ₹ 14,693
134 11561 11561 ₹ 14,618
135 11561 11561 ₹ 14,544
136 11561 11561 ₹ 14,470
137 11561 11561 ₹ 14,397
138 11561 11561 ₹ 14,323
139 11561 11561 ₹ 14,250
140 11561 11561 ₹ 14,178
141 11561 11561 ₹ 14,106
142 11561 11561 ₹ 14,034
143 11561 11561 ₹ 13,963
144 11561 11561 ₹ 13,892
145 11561 11561 ₹ 13,821
146 11561 11561 ₹ 13,751
147 11561 11561 ₹ 13,681
148 11561 11561 ₹ 13,611
149 11561 11561 ₹ 13,542
150 11561 11561 ₹ 13,473
151 11561 11561 ₹ 13,404
152 11561 11561 ₹ 13,336
153 11561 11561 ₹ 13,268
154 11561 11561 ₹ 13,201
155 11561 11561 ₹ 13,134
156 11561 11561 ₹ 13,067
157 11561 11561 ₹ 13,000
158 11561 11561 ₹ 12,934
159 11561 11561 ₹ 12,868
160 11561 11561 ₹ 12,803
161 11561 11561 ₹ 12,738
162 11561 11561 ₹ 12,673
163 11561 11561 ₹ 12,608
164 11561 11561 ₹ 12,544
165 11561 11561 ₹ 12,481
166 11561 11561 ₹ 12,417
167 11561 11561 ₹ 12,354
168 11561 11561 ₹ 12,291
169 11561 11561 ₹ 12,228
170 11561 11561 ₹ 12,166
171 11561 11561 ₹ 12,104
172 11561 11561 ₹ 12,043
173 11561 11561 ₹ 11,981
174 11561 11561 ₹ 11,921
175 11561 11561 ₹ 11,860
176 11561 11561 ₹ 11,800
177 11561 11561 ₹ 11,740
178 11561 11561 ₹ 11,680
179 11561 11561 ₹ 11,620
180 11561 11561 ₹ 11,561
 ₹ 3,695,501
FV(0.51%,(216-1),,-16511,1)
Assumed Hudle (Discount Rate) 10%
PNB HDFC

PV of Payments Made to Bank

PV of Down Payment 125000 125000
PV of EAV (Assumed Disc Rate of
10%) ₹ 2,224,667 ₹ 2,110,460
Total PV 2349667 2235460

PV of Maturity of Investment ₹ 724,464 ₹ 829,719

Net Cost in PV terms ₹ 1,625,203 ₹ 1,405,741

Therefore, it is better to go with HDFC, as the net cost in today's value is

the lowest for the comopany
 PV(10%,18,-271254)

PV(10%/12,216,,-4350187)