So over a period of three years, or 36 months, you would have paid around Rs 76,200 (Rs 2,117 x 36) in total. That would mean an interest amount of Rs 16,200 (Rs 76,200 - Rs 60,000) that you pay over three years, or Rs 5,400 every year. Now, Rs 5,400 every year on a loan of Rs 60,000 would mean an interest of around 9% every year,” the agent explains. What’s more, the bank would in effect be lending only Rs 72,500 (Rs 75,000 - Rs 2,500). read more
No TagsMay
26
Leave a Comment
If this is your first comment it may be held for moderation. You can follow any responses to this entry through the RSS feed, or Trackback from your own site.