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PDM Calculation

This document outlines the loan details for a principal amount of Rs. 1,500,000 with interest payments due monthly. It shows the repayment status, interest and penal interest calculations for delays in payments over a period of 48 months. The borrower has made varying repayments over time and has also faced penal interest charges for delayed payments as per the terms of the loan. The total amount due as of 10/30/2021 is Rs. 4,267,293.27 which includes principal, interest and penal interest.

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krishna
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210 views3 pages

PDM Calculation

This document outlines the loan details for a principal amount of Rs. 1,500,000 with interest payments due monthly. It shows the repayment status, interest and penal interest calculations for delays in payments over a period of 48 months. The borrower has made varying repayments over time and has also faced penal interest charges for delayed payments as per the terms of the loan. The total amount due as of 10/30/2021 is Rs. 4,267,293.27 which includes principal, interest and penal interest.

Uploaded by

krishna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Capital

1500000
Penal Interest @24%
Principle Interest No. of Day till PA on Interest Payment
Month Date Due Repayment Payments Status 30.10.2021 Default
3 4/1/2015 60,150 Paid
6 7/1/2015 60,150 Paid
9 01/10/2015 60,150 Paid
12 1/1/2016 60,150 Paid
15 4/1/2016 60,150 unpaid 2038 80,604
18 7/1/2016 60,150 unpaid 1947 77,005
21 10/1/2016 60,150 unpaid 1855 73,367
24 1/1/2017 120,000 60,150 unpaid 1763 69,728
10 4/1/2017 120,000 60,150 unpaid 1673 66,168
12 7/1/2017 135,000 60,150 unpaid 1582 62,569
14 10/1/2017 135,000 60,150 unpaid 1490 58,931
16 1/1/2018 135,000 60,150 unpaid 1398 55,292
18 4/1/2018 135,000 60,150 unpaid 1308 51,732
20 7/1/2018 240,000 60,150 Unpaid 1217 48,133
22 10/1/2018 240,000 60,150 Unpaid 1125 44,495
24 1/1/2019 240,000 60,150 Unpaid 1033 40,856
Total Due 1,500,000 721,800 728,880

10/30/2021
Interest Rate PA Penal Interest PA
16.04% 24%
In case of deafault (Brochure) : Any interest paymen
Penal Interest @24% PA interest rate of 2.00% per month on pro-rata basis on d
on Principle Payment Total Penal Principle+Inerest+P principal payment default on the due date shall attract
Default Interest enal Interest outstanding principal repayment due on pro-rata basis o

Standard interest Rate


per year

80,604 140,754.30
77,005 137,155.18
73,367 133,516.52
139,108 208,836 388,985.80
132,007 198,175 378,324.87
140,430 202,999 398,148.77
132,263 191,194 386,343.53
124,096 179,388 374,538.30 Principle repaymeRate
116,107 167,840 362,989.69 1 8%
192,053 240,186 540,335.79 2 8%
177,534 222,029 522,178.77 3 9%
163,016 203,872 504,021.75 4 9%
1,316,614 2,045,493 4,267,293.27 5 9%
6 9%
7 16%
8 16%
9 16%
ure) : Any interest payment default on the due date shall attract total
month on pro-rata basis on default amount for the period of default. Any
n the due date shall attract total interest rate of 2.00% per month on the
ment due on pro-rata basis on default amount for the period of default.

Standard interest Rate : 16.05 per yr / PENAL INTEREST RATE : 24%


per year

Month 1500000
24 120000
27 120000
30 135000
33 135000
36 135000
39 135000
42 240000
45 240000
48 240000

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