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  • Loan Values Loan Summary: Suripogu Venkatesh 1-Dec-23

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    The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.

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    The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.

    Copyright:

    © All Rights Reserved
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    2 views1 page

    Loan Values Loan Summary: Suripogu Venkatesh 1-Dec-23

    Uploaded by

    dljs9899
    The document summarizes a loan of ₹50,000 taken on December 5, 2023 at an annual interest rate of 4%. The borrower will make 12 monthly payments of ₹4,257 each. The total interest on the loan is ₹1,090 and the total cost of the loan, including principal and interest, is ₹51,090. The payment schedule shows the beginning balance, payment, principal, interest and ending balance for each of the 12 monthly payments.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Loan Values Loan Summary

    Loan amount ₹ 50,000 Monthly payment ₹ 4,257


    Annual interest rate 4.00% Number of payments 12
    Loan period in years 1 Total interest ₹ 1,090
    Start date of loan 5-Dec-23 Total cost of loan ₹ 51,090
    Name : Suripogu Venkatesh 1-Dec-23
    Pmt No. Payment Date Beginning Balance Payment Principal Interest Ending Balance

    1 5-Jan-24 ₹ 50,000 ₹ 4,257 ₹ 4,091 ₹ 167 ₹ 45,909


    2 5-Feb-24 ₹ 45,909 ₹ 4,257 ₹ 4,104 ₹ 153 ₹ 41,805
    3 5-Mar-24 ₹ 41,805 ₹ 4,257 ₹ 4,118 ₹ 139 ₹ 37,687
    4 5-Apr-24 ₹ 37,687 ₹ 4,257 ₹ 4,132 ₹ 126 ₹ 33,555
    5 5-May-24 ₹ 33,555 ₹ 4,257 ₹ 4,146 ₹ 112 ₹ 29,409
    6 5-Jun-24 ₹ 29,409 ₹ 4,257 ₹ 4,159 ₹ 98 ₹ 25,250
    7 5-Jul-24 ₹ 25,250 ₹ 4,257 ₹ 4,173 ₹ 84 ₹ 21,076
    8 5-Aug-24 ₹ 21,076 ₹ 4,257 ₹ 4,187 ₹ 70 ₹ 16,889
    9 5-Sep-24 ₹ 16,889 ₹ 4,257 ₹ 4,201 ₹ 56 ₹ 12,688
    10 5-Oct-24 ₹ 12,688 ₹ 4,257 ₹ 4,215 ₹ 42 ₹ 8,473
    11 5-Nov-24 ₹ 8,473 ₹ 4,257 ₹ 4,229 ₹ 28 ₹ 4,243
    12 5-Dec-24 ₹ 4,243 ₹ 4,257 ₹ 4,243 ₹ 14 ₹0

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