Unsecured loan
This query is : Resolved
Querist : Anonymous
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
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
30 July 2013
You need to provide rate of interest and period of loan.
30 July 2013
20,00,000*12%*163/365
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