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 200,000 Markup Rate 28.00%
Tenure (Months) 24 APR 28.00%
Monthly Installment 10,978

Monthly Installment

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

1 200,000 6,311 4,667 10,978 193,689

2 193,689 6,458 4,519 10,978 187,231
3 187,231 6,609 4,369 10,978 180,622
4 180,622 6,763 4,215 10,978 173,858
5 173,858 6,921 4,057 10,978 166,937
6 166,937 7,082 3,895 10,978 159,855
7 159,855 7,248 3,730 10,978 152,607
8 152,607 7,417 3,561 10,978 145,190
9 145,190 7,590 3,388 10,978 137,600
10 137,600 7,767 3,211 10,978 129,833
11 129,833 7,948 3,029 10,978 121,885
12 121,885 8,134 2,844 10,978 113,751
13 113,751 8,323 2,654 10,978 105,428
14 105,428 8,518 2,460 10,978 96,910
15 96,910 8,716 2,261 10,978 88,194
16 88,194 8,920 2,058 10,978 79,274
17 79,274 9,128 1,850 10,978 70,146
18 70,146 9,341 1,637 10,978 60,805
19 60,805 9,559 1,419 10,978 51,246
20 51,246 9,782 1,196 10,978 41,464
21 41,464 10,010 967 10,978 31,454
22 31,454 10,244 734 10,978 21,210
23 21,210 10,483 495 10,978 10,727
24 10,727 10,727 250 10,978 (0)
25 (0) - - - -
200,000 63,465 263,465

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.