Re: Loan Configuration - Interest and Principle recovery

Dear Praneeth,

       311I is showing the curr month interest of the repayment value for the year. Please find below the screen shot..

i.e 25000/- is the Total Loan Amt.

25000/24 = 1041.60/- Regular Repay

25000/12 = 2083.3/-,

2083.3*10.5% = 218.75/-. Curr Month Interest.

25000 - 1041.60 = 23958.40/-. Loan Balance

Rs 67.71/- is the interest for Imputed income. i.e 13.75%(SBI Rte) - 10.5%(Company rte) = 3.25%

So 25000/12 = 2083.3.

     2083.3 * 3.25% = 67.71/-

Why 67.71 comes in 2LID WT? Please suggest.....

Thanks