Académique Documents
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Without
Interest Rate Calculation Taxshield With Taxshield
Total Interest for 2year 78.75 78.75
Other Charges
Upfront fees @ 1% on principal Amount 5
Add: Applicable Service Tax @ 10.3% on Upfront
fees 0.52
Out of Pocket Expenses 0.500
Sub Total of Expenses 6.02 6.02
total expenses 84.77 84.77
Tax shield @ 34% 0 28.82
Net out go at the end of 2nd year 84.77 55.94
Average Loan Outstanding 281.25 281.25 281.25
30.14 19.89
Yearly Interest reat at decling Balance 15.07 9.95