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How do I calculate EMI on a government subsidized loan?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Rashmitha asked about 3 years ago

How do I calculate EMI on a government subsidized loan?

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1 Answers
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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

Loan amount means Actual Loan amount XXX (Less) subsidized amount XXX = O/S Loan amount XXXX for EMI =PMT(RateP.M.,No.of Month,-O/S LoanAmount) For Interest on EMI =Opeaning Balance*Rate of Interest P.M. For Principal on EMI =EMI-Interest on EMI

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