Results for:

compound interest calculated bankers formulas


Banks
Canara Bank

Canara Bank

Interest Rate for
Loan Against Property : 14.25 - 16.25%...
Home Loan : 9.25...
Punjab National Bank

Punjab National Bank

Interest Rate for
Car Loan : 11.5%-12%...
Loan Faqs
Faq

is the interest charged/calculated? :

Based on the bank the Interest is calculated on a monthly reducing balance or an annual reducing balance basis.
Faq

What is a Monthly Reducing Balance? :

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Loan Blogs
Blog

The basics of business loan

Business loans are provided by various banks to business people for their short or long term financial needs. A lot of times it is important for businessmen to acquire a certain amount of money for running their enterprise. It is well known that without the required capital no business can run....
Blog

Why loan against property is a good option

If you need money for any specific need like marriage, business expansion, foreign education then a good way to raise money is to get a loan against your property. The only condition for that is that you need to own a valuable asset in the form of a self-occupied house or a commercial property....
Insurance Faqs
Faq

How the premium on life insurance is calculated? :

Your life insurance premium is calculated based on your age, health, terms of the insurance policy and the amount assured.
Insurance Blogs
Blog

Deciding about the amount of life insurance

People go for various life insurance policies due to their many benefits. The amount of life insurance depends on many factors. Ideally the sum assured should provide for all the needs of your family like children's education and marriage while meeting the daily basic expenses when the insured...


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