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  • My NTH Calc

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    SAYAD RASHID
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    This document contains a Canara Bank NTH calculator used to calculate the net total household income (NTH) before and after taking a proposed home or car loan. It requests information about the applicant's monthly/annual income, deductions, and the proposed loan amount, period, and EMI. Formulas then automatically calculate the applicant's current NTH percentage and proposed NTH percentage after accounting for the new EMI to determine eligibility for the loan. A second section provides an EMI calculator which determines the monthly and annual EMI repayment amounts for a proposed Rs. 300,000 loan over 60 months at 9.65% interest to input into the NTH calculations.

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    Net take home

    Original Title

    MY NTH CALC

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    This document contains a Canara Bank NTH calculator used to calculate the net total household income (NTH) before and after taking a proposed home or car loan. It requests information about the applicant's monthly/annual income, deductions, and the proposed loan amount, period, and EMI. Formulas then automatically calculate the applicant's current NTH percentage and proposed NTH percentage after accounting for the new EMI to determine eligibility for the loan. A second section provides an EMI calculator which determines the monthly and annual EMI repayment amounts for a proposed Rs. 300,000 loan over 60 months at 9.65% interest to input into the NTH calculations.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views7 pages

    My NTH Calc

    Uploaded by

    SAYAD RASHID
    This document contains a Canara Bank NTH calculator used to calculate the net total household income (NTH) before and after taking a proposed home or car loan. It requests information about the applicant's monthly/annual income, deductions, and the proposed loan amount, period, and EMI. Formulas then automatically calculate the applicant's current NTH percentage and proposed NTH percentage after accounting for the new EMI to determine eligibility for the loan. A second section provides an EMI calculator which determines the monthly and annual EMI repayment amounts for a proposed Rs. 300,000 loan over 60 months at 9.65% interest to input into the NTH calculations.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    CANARA BANK NTH CALCULATOR (for HL, CAR LOAN, CA

    Important: Please fill the cells content filled in colour


    Formulas will automatically calculate the NTH for the existing and proposed EMI. For
    Proposed EMI please refer to EMI calculator excel sheet (Sheet 2).

    Particulars (Income)
    1. Basic Salary
    2. DA on Basic Salary (if any)
    3. HRA
    4. Conveyance Allowance (Only if included in salary slip)
    5. Mobile allowance (Only if included in salary slip)
    6. Medical Allowance (Only if included in salary slip)
    7. Special Allowance
    8. Any other Allowance
    9. Any other Allowance
    10. Any other Allowance

    Total Monthly/Annual Income

    Particulars (Deductions)
    1. PPF deductions
    2. NPS deductions (If not an old pensioner)
    3. Union Contribution (If any)
    4. SWF
    5. Existing EMI 1
    6. Existing EMI 2
    7. Existing EMI 3
    8. Any other deductions
    9. Any other deductions
    10. Any other deductions
    Total Monthly/Annual Deductions
    AR LOAN, CANARA BUDGET)
    proposed EMI. For
    Sheet 2).

    Monthly Annual
    25000 300000
    11250 135000 Enter DA at present in R7
    3000 36000
    850 10200 Enter Present SA rate
    200 2400
    0 8000 Enter Proposed Loan Amount
    2250 27000 Proposed Loan Period (in Months)
    0 0 Rate of Interest
    0 0
    0 0 NTH at Present
    NTH home in Percentage of totaL PAY

    Proposed EMI of the New Loan


    New NTH after deduction of EMI
    42550 518600
    NTH after Proposed Loan
    Monthly Annual
    2500 30000
    2500 30000 Please refer to scheme guidelines on NTH considered for different loans.
    200 2400
    500 6000
    8000 96000 Developed by : Sayad Rashid (92626)
    4300 51600
    0 0
    0 0
    0 0
    0 0
    18000 216000
    45

    300000
    60
    9.65

    24550 302600
    57.69682726 58.3494022

    ₹ 6,322.57 75870.8656
    18227.42787 226729.134

    42.83766832 43.7194629

    onsidered for different loans.

    d Rashid (92626)
    EMI CALCULATOR (CANARA BANK)

    1. Proposed Loan Amount in Rupees 300000


    2. Rate of Interest 0.00804167
    3. Loan Period in Months 60 Interest rate(%)
    4. Moritorium in Months 0 Interest rate(monthly

    Date of Loan Disbursment (Proposed) 01.09.2020

    Scheduled EMI in Rupees ₹ -6,322.57


    Total EMI obligation Per Year ₹ -75,870.87

    Forwarded to NTH calculator sheet ₹ 6,322.57


    Interest rate(%) 9.65
    Interest rate(monthly%) 0.8042

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