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Former Member
Jul 24, 2013 at 04:16 AM

EMI Against Loan

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Dear Guru

We have given the loan and maintained in the IT 45 and calculate the installment, but system are not

calculate installment in Equal monthly installment. So pl suggest how we can calculate. Following is the example.

Loan given Rs 32,000 with Interest rate 14.75.

Repayment in 36 installment ,

So system should deduct the installment Rs 1105 ( Principal + int ) but system are showing 1105 principal and int 362)

Please suggest

Santosh