Z borrowed Rs.20 lac for construction of house which are
repayable in 10 years in half-yearly instalment at 12% pa
rate of interest. What is the half-yearly repayment at half
yearly compounding.
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have to pay.
How to use it
To arrive at the EMI, one has to input:
Loan amount - It has to be between Rs 50,000 and Rs 30 lakh
Tenure - The tenure has to be between 1 year and 5 years.
Interest rate - It has to be between 1 percent and 50 percent.
Interest rates may vary across lenders as different lenders may offer loans at different rates. For the interest rate, input the rate at which your lender is providing you the loan.
Use the slider to put in different personal loan amounts and tenure to arrive at the EMI at which you are comfortable with.
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