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    Shaik Subhanbasha
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    This document summarizes loan repayment options for a home loan of Rs. 13.5 crore taken over 20 years at 8% interest. The current monthly EMI is Rs. 1,12,919. After 10 years, the outstanding is Rs. 13,263,806. Two options for reducing payments are presented: 1) Reduce the loan term to 230 months, lowering the EMI to Rs. 1,04,406 but increasing the total repayment. 2) Make a partial payment of Rs. 1 crore, reducing the outstanding and slightly lowering the total repayment amount. An alternate investment option showing a 1% return over 19 years yielding Rs. 10 lakh is also presented.

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    This document summarizes loan repayment options for a home loan of Rs. 13.5 crore taken over 20 years at 8% interest. The current monthly EMI is Rs. 1,12,919. After 10 years, the outstanding is Rs. 13,263,806. Two options for reducing payments are presented: 1) Reduce the loan term to 230 months, lowering the EMI to Rs. 1,04,406 but increasing the total repayment. 2) Make a partial payment of Rs. 1 crore, reducing the outstanding and slightly lowering the total repayment amount. An alternate investment option showing a 1% return over 19 years yielding Rs. 10 lakh is also presented.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    1 views3 pages

    Untitled

    Uploaded by

    Shaik Subhanbasha
    This document summarizes loan repayment options for a home loan of Rs. 13.5 crore taken over 20 years at 8% interest. The current monthly EMI is Rs. 1,12,919. After 10 years, the outstanding is Rs. 13,263,806. Two options for reducing payments are presented: 1) Reduce the loan term to 230 months, lowering the EMI to Rs. 1,04,406 but increasing the total repayment. 2) Make a partial payment of Rs. 1 crore, reducing the outstanding and slightly lowering the total repayment amount. An alternate investment option showing a 1% return over 19 years yielding Rs. 10 lakh is also presented.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Home Loan 13500000

    Loan Term 20
    EMI Months 240
    Interest Rate 8%
    EMI ₹ 112,919.41
    Total Loan Payment ₹ 27,100,658.24
    Principal 13500000
    Interest Paid ₹ 13,600,658.24

    After a period of 10
    Loan Outstanding ₹ 13,263,806.41

    You Have Amount 1000000

    Reduce EMI
    New Loan Outstanding ₹ 12,263,806.41
    Tenure 230
    EMI ₹ 104,406.06
    Total Loan Payment ₹ 24,013,393.94
    Initial EMI Payment ₹ 1,129,194.09
    Part Payment ₹ 1,000,000.00
    New Total Loan Repayment ₹ 26,142,588.03
    Amount Saved By Making ₹ 958,070.21
    Part Payment
    0.00666666666666667
    TO SUPPORT MONEY PURSE CHANNEL CLICK ON THE LINKS BELOW TO OPEN DEMAT ACCOUNT
    ZERODHA WWW.zerodha.com/open-account?c=ZMPVNW    
    UPSTOX WWW.tinyurl.com/y8sbw9w8
    ANGEL BROKING WWW.tinyurl.com/y3r42a2x  
    FYERS WWW.partners.fyers.in/AP0963
    ALICE BLUE www.bit.ly/3q4c70N

    Reduce Tenure Alternate Option


    ₹ 12,263,806.41 Investment
    193.77 Tenure
    ₹ 112,919.41 Rate Of Return
    ₹ 21,880,455.92 Future Value
    ₹ 1,129,194.09
    ₹ 1,000,000.00
    ₹ 24,009,650.01

    ₹ 3,091,008.22
    BELOW TO OPEN DEMAT ACCOUNT
    /open-account?c=ZMPVNW    
    yurl.com/y8sbw9w8
    yurl.com/y3r42a2x  
    ners.fyers.in/AP0963
    bit.ly/3q4c70N

    Alternate Option
    1000000
    19.1666666666667
    1%
    ₹ 1,210,114.13

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