Can anybody send chart or calcualtion format for interest in PCFC and PC in Rs. bank limit loan interest
Can anybody send chart or calcualtion format for interest in PCFC and PC in Rs. bank limit loan interest
| Ref. no | PB-00993 | |||||||
| Loan Date | Due Date | Libor Rate | 2.71% | |||||
| 11-Apr-08 | 90 | 10-Jul-08 | ||||||
| Date | Repayment | Balance | ||||||
| From | To | Days | Int @ | on | Int | 11-Apr-08 | - | 800,000.00 |
| 11-Apr-08 | 30-Apr-08 | 19 | 3.71% | 800,000.00 | 1,566.444 | 30-Apr-08 | 800,000.00 | |
| 30-Apr-08 | 31-May-08 | 31 | 3.71% | 800,000.00 | 2,555.778 | 31-May-08 | 800,000.00 | |
| 31-May-08 | 28-Jun-08 | 28 | 3.71% | 800,000.00 | 2,308.444 | 28-Jun-08 | 800,000.00 | |
| 28-Jun-08 | 4-Jul-08 | 6 | 3.71% | 800,000.00 | 494.667 | 4-Jul-08 | 294,104.11 | 505,895.89 |
| 04-Jul-08 | 7-Jul-08 | 3 | 3.71% | 505,895.89 | 156.406 | 7-Jul-08 | 129,437.57 | 376,458.32 |
| 07-Jul-08 | 9-Jul-08 | 2 | 3.71% | 376,458.32 | 77.592 | 9-Jul-08 | 38,519.45 | 337,938.87 |
| 09-Jul-08 | 11-Jul-08 | 2 | 3.71% | 337,938.87 | 69.653 | 11-Jul-08 | 200,603.98 | 137,334.89 |
| 11-Jul-08 | 14-Jul-08 | 3 | 3.71% | 137,334.89 | 42.459 | 14-Jul-08 | 137,334.89 | - |
| Total Interest | 7,271.444 | |||||||
| As per bank | 7,327.550 | |||||||
| Difference | (56.106) |
sir pls check this calculation is it righ ya wrong bcoz bank is consider both day applied interest in principal
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