#12
| |||
| |||
Re: SBI personal loan for pensioners
Nominal processing fees (Nil Processing Fees for Defence Pensioners), no hidden costs and quick loan processing. Whenever you have some surplus funds, you can credit your loan account, thereby reducing your loan liability and interest burden. Your personal loan is based on below mentioned formula. [P x R x (1+R)^N]/[(1+R)^N-1 where P stands for the loan amount or principal, R is the interest rate per month [if the interest rate per annum is 11%, then the rate of interest will be 11/(12 x 100)], and N is the number of monthly installments. Source:emicalculators.in/car-loan-emi-calculator |
|