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Personal Loan & Insurance Details

This document outlines a personal loan proposal for Mr. Owais Ahmed. It provides details of his date of birth, insurance advisor, identification number, and proposed loan of Rs. 10,00,000 with a 10-year term and monthly installment payments of Rs. 8,333.33 over 12 years at 0% interest. A table illustrates the monthly EMI payments, interest, and outstanding balance over the 120 monthly payments.

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Yogi Tiwari
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62 views2 pages

Personal Loan & Insurance Details

This document outlines a personal loan proposal for Mr. Owais Ahmed. It provides details of his date of birth, insurance advisor, identification number, and proposed loan of Rs. 10,00,000 with a 10-year term and monthly installment payments of Rs. 8,333.33 over 12 years at 0% interest. A table illustrates the monthly EMI payments, interest, and outstanding balance over the 120 monthly payments.

Uploaded by

Yogi Tiwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Reliance capital Agement

Name of the perposal : Mr Owais Ahmed


D.O.B. of Perposal
: 7 Feb 1990
(Years)
Prepared on : 25/02/2012
Name of the Insurance
: Amarpal Singh
Advisor
Sex : male
Unique Identification
: 231N084V01
No.
Basic Cover
EMI Term(years) 10 Mode of Premium Payment Monthly Annualized Premium on basic 8,333.33
Plan

EMI Paying Term(years) 12 Amount of E.M.I. 8,333.33 Installment EMI 8,333.33

Princpal Amount 10,00,000 2015 Personal Loan 10,00,000 Life Insurance 10year 10,00,000

Benefit Illustration of Reliance Capital Personal Loan


.
Benefit illustration table (all figures are in rupees)

Principal Amount 1,00,000.00 EMI 8,333.33


Interest Rate 0.00 Total Interest 0
(%)
Tenure (in 120 Total Amount Payable 10,00,000.00
Months)

EMI No. Monthly EMI Yearly Monthly Interest Outstanding


Balance

12 1,00,000.00 0.00 9,00,000.00


24 1,00,000.00 0.00 8,00,000.00
36 1,00,000.00 0.00 7,00,000.00
48 1,00,000.00 0.00 6,00,000.00
60 1,00,000.00 0.00 5,00,000.00
72 1,00,000.00 0.00 4,00,000.00
84 1,00,000.00 0.00 3,00,000.00
96 1,00,000.00 0.00 2,00,000.00
108 1,00,000.00 0.00 1,00,000.00
120 1,00,000.00 0.00 0.00

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