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#1
21st October 2021, 12:56 AM
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Repayment mode against Rs. 20 Lacs in Ratnakar Bank Education Loan scheme for MBA-Abroad aspirant?
Hello friends, I want to take loan of Rs. 20 Lacs for my MBA course in Abroad from Ratnakar Bank. I want to know the mode of repayment in details so that I can calculate my EMI. Please tell me immediately. Waiting for your response. Thank you!
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#2
24th October 2021, 03:47 PM
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Re: Repayment mode against Rs. 20 Lacs in Ratnakar Bank Education Loan scheme for MBA-Abroad aspirant?
You can calculate EMI with help of mathematical formula
EMI = P x R x (1+R)^N]/[(1+R)^N-1] P refers to principal amount R= rate of Interest N= no.of years. Result will change depending on the these values. |
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