INCOME ELIGIBILITY- VEHICLE LOAN
This query is : Resolved
rajesh kumar
(Querist)
10 January 2011
Is there any Excel Formula to determine Minimum Annual Income required to avail vehicle loan based on following data
1.Desired Loan Rs 7,00,000
2.Rate of interest 8% PA
3.Desired Term of loan 60 months
Is there any Excel Formula to determine Minimum Annual Income required to avail vehicle loan based on following data
1.Desired Loan Rs 7,00,000
2.Rate of interest 8% PA
3.Desired Term of loan 60 months
CMA Ramesh Krishnan
(Expert)
12 January 2011
it is based on the vehicle loan policy of the bank which you are selecting
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