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  • Principal Amount Interest Rate (%) Tenure (In Months) EMI Start Date EMI Number EMI Date EMI Monthly Principal Monthly Interest Outstanding Balance

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    Solaiman Shagor
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    This document outlines the loan amortization schedule for a 5 million principal loan with an interest rate of 7% over 18 months. It shows that the EMI payment is 293,425 each month, with most going towards interest initially and more going towards principal each month. By the final payment, the entire principal and interest is paid off, totaling 5,281,649 paid over the loan term.

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    loanchart_Jun_26_2022_22_22_37

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    This document outlines the loan amortization schedule for a 5 million principal loan with an interest rate of 7% over 18 months. It shows that the EMI payment is 293,425 each month, with most going towards interest initially and more going towards principal each month. By the final payment, the entire principal and interest is paid off, totaling 5,281,649 paid over the loan term.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
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    5 views1 page

    Principal Amount Interest Rate (%) Tenure (In Months) EMI Start Date EMI Number EMI Date EMI Monthly Principal Monthly Interest Outstanding Balance

    Uploaded by

    Solaiman Shagor
    This document outlines the loan amortization schedule for a 5 million principal loan with an interest rate of 7% over 18 months. It shows that the EMI payment is 293,425 each month, with most going towards interest initially and more going towards principal each month. By the final payment, the entire principal and interest is paid off, totaling 5,281,649 paid over the loan term.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Loan Amortization Chart

    Principal Amount 5,000,000 EMI 293,425


    Interest Rate (%) 7.00 Total Interest 281,649
    Tenure (in Months) 18 Total Amount Payable 5,281,649
    EMI Start Date 25-Jun-22 EMI End Date 26 Nov 2023

    EMI Number EMI Date EMI Monthly Principal Monthly Interest Outstanding Balance
    5,000,000
    1 25-Jun-22 293,425 264,258 29,167 4,735,742
    2 25-Jul-22 293,425 265,800 27,625 4,469,942
    3 25-Aug-22 293,425 267,350 26,075 4,202,592
    4 25-Sep-22 293,425 268,910 24,515 3,933,682
    5 25-Oct-22 293,425 270,478 22,947 3,663,203
    6 25-Nov-22 293,425 272,056 21,369 3,391,147
    7 25-Dec-22 293,425 273,643 19,782 3,117,504
    8 25-Jan-23 293,425 275,239 18,186 2,842,264
    9 25-Feb-23 293,425 276,845 16,580 2,565,419
    10 25-Mar-23 293,425 278,460 14,965 2,286,959
    11 25-Apr-23 293,425 280,084 13,341 2,006,875
    12 25-May-23 293,425 281,718 11,707 1,725,157
    13 25-Jun-23 293,425 283,362 10,063 1,441,795
    14 25-Jul-23 293,425 285,014 8,411 1,156,781
    15 25-Aug-23 293,425 286,677 6,748 870,104
    16 25-Sep-23 293,425 288,349 5,076 581,755
    17 25-Oct-23 293,425 290,031 3,394 291,723
    18 25-Nov-23 293,425 291,723 1,702 0

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