Quote:
Originally Posted by NetfreakBombay  To make sure we are talking about the same kind of loan:
Loan amount : 3,40,000
Operating Loan amount : ~ 3,30,000 (First EMI is 100% principal and was paid in advance) |
we are indeed talking about the same.some where some thing is not adding up to.
kindly check yourself at
STATE BANK OF INDIA :: INDIA's LARGEST BANK
if principle is taken as 3.3 lakh and loan tenure as 35 months(balance tenure after first EMI) for 10500 EMI, the interest rate works out 7.4-7.5%. keep changing interest rate to arrive at your EMI
it is indeed very good deal,i must say