The Bank of Punjab FIXED RATE

Retail Finance Division

Advance Salary Personal Loan

Repayment Schedule
Name of Applicant ABC (Amount in Rupees)
CNIC 11111-2222222-3
Loan Amount 150,000 Markup Rate 30.99%
Tenure (Months) 12 APR 30.99%
Monthly Installment 14,696

Monthly Installment

Opening Balance
Sr. No. Principal Markup EMI Outstaning Principal
Principal

1 150,000 10,822 3,874 14,696 139,178

2 139,178 11,102 3,594 14,696 128,076
3 128,076 11,389 3,308 14,696 116,687
4 116,687 11,683 3,013 14,696 105,004
5 105,004 11,984 2,712 14,696 93,020
6 93,020 12,294 2,402 14,696 80,726
7 80,726 12,611 2,085 14,696 68,114
8 68,114 12,937 1,759 14,696 55,177
9 55,177 13,271 1,425 14,696 41,906
10 41,906 13,614 1,082 14,696 28,292
11 28,292 13,966 731 14,696 14,326
12 14,326 14,326 370 14,696 (0)
150,000 26,355 176,355

APR (Annualized Percentage Rate) is calculated as follows;

Markup paid for the period / Average Outstanding Principal Amount during the period X
365/no. of days X 100
Markup rate is fixed for whole tenure

Note:
* The amount of last installment may vary due to change in disbursement date i.e. before or after 15th of each
month.

** The difference of actual & recovered charges, if any, shall be credited/debited to customer shadow account.