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Unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 how to calculate interest on unsecured loan

Example:I had taken loan amount of Rs. 20,00,000/- from Mr. x on 20/10/2012 how will interest will calculate on this amount. Rate of Interest is 12% and Period is 163 days
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 July 2013 You need to provide rate of interest and period of loan.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
30 July 2013 20,00,000*12%*163/365
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