an individual plans to borrow Rs.400000 to buy a new car . The loan will be for 3 years at 12 percent annual rate compunded monthly. He can pay Rs 12500 per month durning the first year .What amount would he be required to pay during the next two year in order to repay the loan ?
Answers
Answered by
0
You can avail a Startup business loan from a bank or a financial body in order to raise funds to start a business of your own or expand your current business. The rate of interest charged by the bank will depend on the loan amount availed by you and the repayment tenure.
Business Loan Details
Interest Rate Up to 21% p.a.
Loan Amount Up to Rs.75 lakh
Loan Tenure Up to 5 years
Processing Fee Up to 6.5% of the loan amount + GST
thnx for the pts
Similar questions