Angel World Zone

Calculation

Loan EMI Calculater

Bank Name:

Loan amount (Rs.) =

Interest = %

Loan term = years

Monthly EMI=

Total Interest Payable=

Total Amount Payable =

Schematic/EMI based Term Loan:

In a schematic term loan where the Equated Monthly Installment (EMI) includes interest, calculation of drawing power and the overdue amount in the aforesaid manner is not possible. In such cases, the loan account is required to be verified from the date of grant of the loan to ascertain the number of installments required to be paid by the Balance Sheet date and the number of installments actually paid by the borrower. If more than 3 installments are overdue, then the account becomes NPA.

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