calculation intrest on unsecured loan
This query is : Resolved
INDRAJIT DAS
(Querist)
13 September 2016
how can i calculate intrest on unsecured loan plzzz send me a sheet @ indrajitdas12@gmail.com
Amol S Joglekar
(Expert)
13 September 2016
you can calculate the same at the rate mutually agreed upon between the loan giver and loan taker, on the balance outstanding. The interest RESTs can be as per the mutually decided agreement. (Banker in india have started following monthly rests)
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