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  • Outstanding Home Loan Amount Tenure Left in Years Tenure Left in Months Interest Rate EMI Total Payment Additional Amount Payed

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    Shaik Subhanbasha
    5 views3 pages
    The document outlines home loan details for a loan amount of Rs. 13,000,000 with 20 years or 240 months remaining, at an interest rate of 8%. At the current EMI of Rs. 108,737.21 the total payment would be Rs. 26,096,930.15, which is Rs. 13,096,930.15 more than the loan amount. Reducing the tenure to 120 months would result in an EMI of Rs. 108,737.21 and a total payment equal to the loan amount.

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    The document outlines home loan details for a loan amount of Rs. 13,000,000 with 20 years or 240 months remaining, at an interest rate of 8%. At the current EMI of Rs. 108,737.21 the total payment would be Rs. 26,096,930.15, which is Rs. 13,096,930.15 more than the loan amount. Reducing the tenure to 120 months would result in an EMI of Rs. 108,737.21 and a total payment equal to the loan amount.

    Copyright:

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

    Outstanding Home Loan Amount Tenure Left in Years Tenure Left in Months Interest Rate EMI Total Payment Additional Amount Payed

    Uploaded by

    Shaik Subhanbasha
    The document outlines home loan details for a loan amount of Rs. 13,000,000 with 20 years or 240 months remaining, at an interest rate of 8%. At the current EMI of Rs. 108,737.21 the total payment would be Rs. 26,096,930.15, which is Rs. 13,096,930.15 more than the loan amount. Reducing the tenure to 120 months would result in an EMI of Rs. 108,737.21 and a total payment equal to the loan amount.

    Copyright:

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

    Outstanding Home Loan Amount 13000000

    Tenure Left in years 20


    Tenure Left in months 240
    Interest Rate 8.00%
    EMI (₹108,737.21)
    Total Payment ₹26,096,930.15
    Additional Amount Payed ₹13,096,930.15

    0.00666666666666667
    EMI Constant
    Outstanding Home Loan Amount 13000000
    Tenure Left in months 120
    Interest Rate
    EMI (₹108,737.21)
    Total Payment ₹13,000,000.00
    Additional Amount Payed ₹0.00

    0
    EMI Change
    13000000
    240
    0.00%
    (₹54,166.67)
    13000000
    0

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