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loan intrest rate

 shambillu on Jan 9, 2017
hi sir/ mam .plese tell me what is loan intrest rate of bike loan 41000 .24 manth
Answers Motorcycles & Scooters



Answers

Basically they charge 23%
it mean you have to pay 2147*24=51535/-

Monthly Payment(EMI)
Rs. 2, 147
Total Interest Payable
Rs. 10, 535
Total of Payments (Principal + Interest)
Rs. 51, 535

41000/- on 23%
here im paying like this.

EMI Monthly Breakup
Month-Year Principal(A) Interest(B) Total Payment(A + B) Balance
Jan-2017 Rs. 1, 363 Rs. 782 Rs. 2, 145 Rs. 39, 637
Feb-2017 Rs. 1, 389 Rs. 756 Rs. 2, 145 Rs. 38, 248
Mar-2017 Rs. 1, 415 Rs. 730 Rs. 2, 145 Rs. 36, 833
Apr-2017 Rs. 1, 442 Rs. 703 Rs. 2, 145 Rs. 35, 391
May-2017 Rs. 1, 470 Rs. 675 Rs. 2, 145 Rs. 33, 921
Jun-2017 Rs. 1, 498 Rs. 647 Rs. 2, 145 Rs. 32, 423
Jul-2017 Rs. 1, 527 Rs. 619 Rs. 2, 145 Rs. 30, 896
Aug-2017 Rs. 1, 556 Rs. 590 Rs. 2, 145 Rs. 29, 340
Sep-2017 Rs. 1, 585 Rs. 560 Rs. 2, 145 Rs. 27, 755
Oct-2017 Rs. 1, 616 Rs. 530 Rs. 2, 145 Rs. 26, 140
Nov-2017 Rs. 1, 646 Rs. 499 Rs. 2, 145 Rs. 24, 493
Dec-2017 Rs. 1, 678 Rs. 467 Rs. 2, 145 Rs. 22, 815
Jan-2018 Rs. 1, 710 Rs. 435 Rs. 2, 145 Rs. 21, 105
Feb-2018 Rs. 1, 743 Rs. 403 Rs. 2, 145 Rs. 19, 363
Mar-2018 Rs. 1, 776 Rs. 370 Rs. 2, 145 Rs. 17, 587
Apr-2018 Rs. 1, 810 Rs. 336 Rs. 2, 145 Rs. 15, 777
May-2018 Rs. 1, 844 Rs. 301 Rs. 2, 145 Rs. 13, 933
Jun-2018 Rs. 1, 879 Rs. 266 Rs. 2, 145 Rs. 12, 054
Jul-2018 Rs. 1, 915 Rs. 230 Rs. 2, 145 Rs. 10, 139
Aug-2018 Rs. 1, 952 Rs. 193 Rs. 2, 145 Rs. 8, 187
Sep-2018 Rs. 1, 989 Rs. 156 Rs. 2, 145 Rs. 6, 198
Oct-2018 Rs. 2, 027 Rs. 118 Rs. 2, 145 Rs. 4, 171
Nov-2018 Rs. 2, 066 Rs. 80 Rs. 2, 145 Rs. 2, 105
Dec-2018 Rs. 2, 105 Rs. 40 Rs. 2, 145 Rs. 0

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