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Unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 how to calculate interest on unsecured loan Example:I had taken loan amount of Rs. 20,00,000/- from Mr. x on 20/10/2012 how will interest will calculate on this amount. Rate of Interest is 12% and Period is 163 days
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Aashish Tiwari

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Aashish Tiwari (Expert)
30 July 2013 20,00,000*(20/100)* (163/365)

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