Scribd Logo
Upload

Welcome to Scribd!

  • File 20220109 115917

    Uploaded by

    sasikumar
    14 views1 page
    Sasi Kumar took out a KWD 13,100 loan on January 5, 2020 that is being repaid over 48 monthly installments of KWD 306.157. The loan has an interest rate of 5.75% and accrues KWD 1,555.965 in total interest over the life of the loan. Each monthly payment allocates a portion to principal repayment and reduction of the remaining balance, with the amount allocated to interest decreasing each month as the principal balance is paid down.

    Original Description:

    Original Title

    file_20220109_115917

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Sasi Kumar took out a KWD 13,100 loan on January 5, 2020 that is being repaid over 48 monthly installments of KWD 306.157. The loan has an interest rate of 5.75% and accrues KWD 1,555.965 in total interest over the life of the loan. Each monthly payment allocates a portion to principal repayment and reduction of the remaining balance, with the amount allocated to interest decreasing each month as the principal balance is paid down.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views1 page

    File 20220109 115917

    Uploaded by

    sasikumar
    Sasi Kumar took out a KWD 13,100 loan on January 5, 2020 that is being repaid over 48 monthly installments of KWD 306.157. The loan has an interest rate of 5.75% and accrues KWD 1,555.965 in total interest over the life of the loan. Each monthly payment allocates a portion to principal repayment and reduction of the remaining balance, with the amount allocated to interest decreasing each month as the principal balance is paid down.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Loan Account No 00000000089955121 Customer No 83992135

    Customer Name SASI KUMAR


    Disburse Date 05 January, 2020 Loan Amount KWD 13100.0
    No of Repayments(Months) 00048 Monthly Installment KWD 306.157
    Total Repayment KWD 14655.965 Total Interest KWD 1555.965

    Loan Repayment Schedule


    No. Payment Date Payment Interest % Principal Interest Balance
    1 20 January, 2020 KWD 306.157 05.7500 KWD 275.202 KWD 30.955 KWD 12824.798
    2 20 February, 2020 KWD 306.157 05.7500 KWD 243.527 KWD 62.63 KWD 12581.271
    3 20 March, 2020 KWD 306.157 05.7500 KWD 248.68 KWD 57.477 KWD 12332.591
    4 20 April, 2020 KWD 306.157 05.7500 KWD 245.93 KWD 60.227 KWD 12086.661
    5 20 May, 2020 KWD 306.157 05.7500 KWD 249.036 KWD 57.121 KWD 11837.625
    6 20 June, 2020 KWD 306.157 05.7500 KWD 248.348 KWD 57.809 KWD 11589.277
    7 20 July, 2020 KWD 306.157 05.7500 KWD 251.386 KWD 54.771 KWD 11337.891
    8 20 August, 2020 KWD 306.157 05.7500 KWD 250.788 KWD 55.369 KWD 11087.103
    9 20 September, 2020 KWD 306.157 05.7500 KWD 252.013 KWD 54.144 KWD 10835.09
    10 20 October, 2020 KWD 306.157 05.7500 KWD 254.95 KWD 51.207 KWD 10580.14
    11 20 November, 2020 KWD 306.157 05.7500 KWD 254.489 KWD 51.668 KWD 10325.651
    12 20 December, 2020 KWD 306.157 05.7500 KWD 257.358 KWD 48.799 KWD 10068.293
    13 20 January, 2021 KWD 306.157 05.7500 KWD 256.988 KWD 49.169 KWD 9811.305
    14 20 February, 2021 KWD 306.157 05.7500 KWD 258.243 KWD 47.914 KWD 9553.062
    15 20 March, 2021 KWD 306.157 05.7500 KWD 264.019 KWD 42.138 KWD 9289.043
    16 20 April, 2021 KWD 306.157 05.7500 KWD 260.794 KWD 45.363 KWD 9028.249
    17 20 May, 2021 KWD 306.157 05.7500 KWD 263.49 KWD 42.667 KWD 8764.759
    18 20 June, 2021 KWD 306.157 05.7500 KWD 263.354 KWD 42.803 KWD 8501.405
    19 20 July, 2021 KWD 306.157 05.7500 KWD 265.98 KWD 40.177 KWD 8235.425
    20 20 August, 2021 KWD 306.157 05.7500 KWD 265.939 KWD 40.218 KWD 7969.486
    21 20 September, 2021 KWD 306.157 05.7500 KWD 267.238 KWD 38.919 KWD 7702.248
    22 20 October, 2021 KWD 306.157 05.7500 KWD 269.756 KWD 36.401 KWD 7432.492
    23 20 November, 2021 KWD 306.157 05.7500 KWD 269.861 KWD 36.296 KWD 7162.631
    24 20 December, 2021 KWD 306.157 05.7500 KWD 272.307 KWD 33.85 KWD 6890.324
    25 20 January, 2022 KWD 306.157 05.7500 KWD 272.508 KWD 33.649 KWD 6617.816
    26 20 February, 2022 KWD 306.157 05.7500 KWD 273.839 KWD 32.318 KWD 6343.977
    27 20 March, 2022 KWD 306.157 05.7500 KWD 278.175 KWD 27.982 KWD 6065.802
    28 20 April, 2022 KWD 306.157 05.7500 KWD 276.535 KWD 29.622 KWD 5789.267
    29 20 May, 2022 KWD 306.157 05.7500 KWD 278.797 KWD 27.36 KWD 5510.47
    30 20 June, 2022 KWD 306.157 05.7500 KWD 279.247 KWD 26.91 KWD 5231.223
    31 20 July, 2022 KWD 306.157 05.7500 KWD 281.434 KWD 24.723 KWD 4949.789
    32 20 August, 2022 KWD 306.157 05.7500 KWD 281.985 KWD 24.172 KWD 4667.804
    33 20 September, 2022 KWD 306.157 05.7500 KWD 283.362 KWD 22.795 KWD 4384.442
    34 20 October, 2022 KWD 306.157 05.7500 KWD 285.436 KWD 20.721 KWD 4099.006
    35 20 November, 2022 KWD 306.157 05.7500 KWD 286.14 KWD 20.017 KWD 3812.866
    36 20 December, 2022 KWD 306.157 05.7500 KWD 288.138 KWD 18.019 KWD 3524.728
    37 20 January, 2023 KWD 306.157 05.7500 KWD 288.944 KWD 17.213 KWD 3235.784
    38 20 February, 2023 KWD 306.157 05.7500 KWD 290.355 KWD 15.802 KWD 2945.429
    39 20 March, 2023 KWD 306.157 05.7500 KWD 293.165 KWD 12.992 KWD 2652.264
    40 20 April, 2023 KWD 306.157 05.7500 KWD 293.205 KWD 12.952 KWD 2359.059
    41 20 May, 2023 KWD 306.157 05.7500 KWD 295.009 KWD 11.148 KWD 2064.05
    42 20 June, 2023 KWD 306.157 05.7500 KWD 296.078 KWD 10.079 KWD 1767.972
    43 20 July, 2023 KWD 306.157 05.7500 KWD 297.802 KWD 8.355 KWD 1470.17
    44 20 August, 2023 KWD 306.157 05.7500 KWD 298.978 KWD 7.179 KWD 1171.192
    45 20 September, 2023 KWD 306.157 05.7500 KWD 300.438 KWD 5.719 KWD 870.754
    46 20 October, 2023 KWD 306.157 05.7500 KWD 302.042 KWD 4.115 KWD 568.712
    47 20 November, 2023 KWD 306.157 05.7500 KWD 303.38 KWD 2.777 KWD 265.332
    48 20 December, 2023 KWD 266.586 05.7500 KWD 265.332 KWD 1.254 KWD 0.0

    Page 1 of 1

    You might also like