How to Track Personal Loan Application Status Online?
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There are two scenarios in which taking out a long-term personal loan in India is a wise decision.
Parameters | Repayment Period | ||||
---|---|---|---|---|---|
1 Year | 2 Years | 3 Years | 4 Years | 5 Years | |
Loan amount | Rs 4,50,000 | Rs 4,50,000 | Rs 4,50,000 | Rs 4,50,000 | Rs 4,50,000 |
Interest rate | 13% | 13% | 13% | 13% | 13% |
EMI | Rs 40,193 | Rs 21,394 | Rs 15,162 | Rs 12,072 | Rs 10,239 |
Interest payable | Rs 32,313 | Rs 63,452 | Rs 95,842 | Rs 1,29,474 | Rs 1,64,333 |
Total payable | Rs 4,82,313 | Rs 5,13,452 | Rs 5,45,842 | Rs 5,79,474 | Rs 6,14,333 |
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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