2006-10-26 21:42:55 · 5 answers · asked by Amit l 1 in Business & Finance ➔ Personal Finance
$17.12 per month per $1,000
2006-10-26 21:47:35 · answer #1 · answered by Tedi 5 · 0⤊ 1⤋
Hi
In India educational loan is provided only by govt. banks and the loan is provided on the floating rate there is no fixed rate education loan.
if during the start of the tenure the rate of interest is 11% period 84 months and say outstanding amount is Rs. 1,00,000
Then the monthly EMI will be:- 1713
You can also use a EMI calculator for calculating the same, by yourself.
One such EMI calculator is available at :- http://syndicatebank.in/asp/0500calc.asp?pageID=209&headID=148
2006-10-27 04:56:59 · answer #2 · answered by gaurav 2 · 0⤊ 0⤋
consult a chart interest rate wise to have a clear and broader idea
about the chemistry of repayments
2006-10-29 19:22:04 · answer #3 · answered by R Purushotham Rao 4 · 0⤊ 1⤋
You need a mathematical calculator to do this accurately.
2006-10-30 22:14:08 · answer #4 · answered by nudellbushgranny 1 · 0⤊ 1⤋
go to personalfinance.com and calculate.. loan calculator is there
2006-10-31 01:57:40 · answer #5 · answered by Subhrangshu m 3 · 0⤊ 0⤋