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Answer the below five questions to help your client who is planning to take a loan of 25 Lac for 15 years at the rate of 8.5%. | Question 1: What would be the difference in interest paid if he takes the same loan at the same rate for 20 years instead of 15 years.
Question 2: What will he need to deposit if he wants to foreclose (paying outstanding to the bank) this loan after 10 years?
Question 3: He is in the 7th year of his loan and wants to take an 80 C section rebate of the interest paid in the year. What will be the interest paid?
Question 4: What will be his revised EMI for the rest of tenure after 10 years if the rate increases to 9%?
Question 5: What will be his total interest paid for the entire tenure?
Mr. S has taken a loan of Rs.30,00,000 at an Interest rate of 9% for 20 years. What will be the monthly payment which is paid at the end of every month?
In reference to Mr. S’s question, calculate total interest paid from 2nd year to 7th year?
In reference to Mr. S’s question, what will be the total principal paid in the first 5 years?
In reference to Mr. S’s question, find the outstanding loan after 12.5 years?
In reference to Mr. S’s question, compute the Interest paid in the last 2 years?
In reference to Mr. S’s question, what will be the Principal payable in the first 5 years?
What is the EMI of a loan of 50 lac taken for 20 years at the rate of 9% per annum?
What is the Interest paid for the whole twenty years in above loan taken?
What will be the o/s principal after 10 years?
What will be the revised EMI if 5 lac Rs is deposited against the principal after 7 years?
What will the revised period of loan if 3 lac Rs is deposited after 5 years and EMI remains same?
What is difference in interest payment if rate of interest increases to 9.75% after 10 years?
Vinit took a car loan on 1 April 2019 for five years of 5 lacs at the rate of 9.5% as on 1 Jan 2023. He wants to square off his loan. Bank preclosure charges are 1.5% what is the amount he needs to pay to the bank for closure of the loan.
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