Financial management

Kumara Swami Balla (Article Assistant) (45 Points)

30 April 2012  

Hai dear Members of CAclubindia,

 

Here is my small doubt regarding How banks will calculate and fix EMI payable during the loan period.

My question is, can anyone explain me(preferably with an example) how to caculate the same amount of installment payable every month on a loan by the borrower????? i.e., like Rs.5455/- payable per installment.

 

Please clarify my doubt at an earliest.

 

With Regards,

Kumar.