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  #1  
5th April 2018, 02:30 PM
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Monthly EMI against Education Loan of Rs. 5 Lacs in PNB Saraswati scheme?


Can I know if I apply for an education loan under PNB Saraswati Education Loan scheme of Rs. 5 Lacs then how much I have to pay monthly? I want to apply for my education so I want to know about the monthly EMI. Please help me to know about this.




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  #2  
16th July 2022, 11:55 AM
Hera tabrez
Senior Member+++++
  
Join Date: Oct 2020
Location: Kanpur
Posts: 6,959
Default Re: Monthly EMI against Education Loan of Rs. 5 Lacs in PNB Saraswati scheme?

The monthly EMI depends on the repayment period which one chooses for repayment.
The calculation will be made as follows

Calculate interest as
Principal* Rate*Time/ 100

Then calculate the Amount
Amount =P+I

Now divide the amount with no.of months
You will get you EMI .
Do you have any question? or have anything to say?



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