If Applied Loan Amount = ₹1,00,000
Reducing Interest Rate = 12%
Tenure = 60 months
EMI will be ₹2,224 & will remain same for 60 months.
Processing Fee will be deducted at the time of disbursement - for
example, if 1% is the processing fee, the amount deducted would be ₹1000 excluding 18% GST.
Amount for Insurance on LOAN, which is applicable on the approved loan
amount based on applicant's age and loan-tenure,
shall also be deducted while disbursement.
Agreement Stamp Charges - ₹250 approx. shall be deducted varying from bank to bank.