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Exercise -3

Where to Go for Loan


Home Loan ICICI HDFC SBI
House Price ₹ 1,00,00,000.00 ₹ 1,00,00,000.00 ₹ 1,00,00,000.00
Down Payment 20% 20% 20%
Registry 6% 6% 6%
Processing Fees 50000 100000 200000
Term 5years 5years 5years
Payment in 1 year 12times 12times 12 times
Interest Rate 9.50% 9% 8.50%

Total Loan Amount ₹ 80,00,000.00 ₹ 80,00,000.00 ₹ 80,00,000.00


PMT ₹ 1,68,014.89 ₹ 1,66,066.84 ₹ 1,64,132.25

Ques 1: Display the monthly schedule of interest, principle and balance


Ques 2: Calculate Total Interest Amount in 60 month
Ques 3: What is the total cost to client
Ques 4: Which bank to choose?
Assume Registry and Processing Fees is paid from Pocket

Answer 1:
Monthly Schedule for ICICI Bank
Month Principle Interest Balance
1 ₹ 80,00,000.00 ₹ 63,333.33 ₹ 78,95,318.44
2 ₹ 78,95,318.44 ₹ 62,504.60 ₹ 77,89,808.16
3 ₹ 77,89,808.16 ₹ 61,669.31 ₹ 76,83,462.58
4 ₹ 76,83,462.58 ₹ 60,827.41 ₹ 75,76,275.10
5 ₹ 75,76,275.10 ₹ 59,978.84 ₹ 74,68,239.06
6 ₹ 74,68,239.06 ₹ 59,123.56 ₹ 73,59,347.73
7 ₹ 73,59,347.73 ₹ 58,261.50 ₹ 72,49,594.34
8 ₹ 72,49,594.34 ₹ 57,392.62 ₹ 71,38,972.07
9 ₹ 71,38,972.07 ₹ 56,516.86 ₹ 70,27,474.04
10 ₹ 70,27,474.04 ₹ 55,634.17 ₹ 69,15,093.32
11 ₹ 69,15,093.32 ₹ 54,744.49 ₹ 68,01,822.92
12 ₹ 68,01,822.92 ₹ 53,847.76 ₹ 66,87,655.79
13 ₹ 66,87,655.79 ₹ 52,943.94 ₹ 65,72,584.84
14 ₹ 65,72,584.84 ₹ 52,032.96 ₹ 64,56,602.92
15 ₹ 64,56,602.92 ₹ 51,114.77 ₹ 63,39,702.80
16 ₹ 63,39,702.80 ₹ 50,189.31 ₹ 62,21,877.22
17 ₹ 62,21,877.22 ₹ 49,256.53 ₹ 61,03,118.86
18 ₹ 61,03,118.86 ₹ 48,316.36 ₹ 59,83,420.33
19 ₹ 59,83,420.33 ₹ 47,368.74 ₹ 58,62,774.18
20 ₹ 58,62,774.18 ₹ 46,413.63 ₹ 57,41,172.92
21 ₹ 57,41,172.92 ₹ 45,450.95 ₹ 56,18,608.98
22 ₹ 56,18,608.98 ₹ 44,480.65 ₹ 54,95,074.75
23 ₹ 54,95,074.75 ₹ 43,502.68 ₹ 53,70,562.53
24 ₹ 53,70,562.53 ₹ 42,516.95 ₹ 52,45,064.59
25 ₹ 52,45,064.59 ₹ 41,523.43 ₹ 51,18,573.13
26 ₹ 51,18,573.13 ₹ 40,522.04 ₹ 49,91,080.28
27 ₹ 49,91,080.28 ₹ 39,512.72 ₹ 48,62,578.11
28 ₹ 48,62,578.11 ₹ 38,495.41 ₹ 47,33,058.62
29 ₹ 47,33,058.62 ₹ 37,470.05 ₹ 46,02,513.78
30 ₹ 46,02,513.78 ₹ 36,436.57 ₹ 44,70,935.46
31 ₹ 44,70,935.46 ₹ 35,394.91 ₹ 43,38,315.47
32 ₹ 43,38,315.47 ₹ 34,345.00 ₹ 42,04,645.58
33 ₹ 42,04,645.58 ₹ 33,286.78 ₹ 40,69,917.47
34 ₹ 40,69,917.47 ₹ 32,220.18 ₹ 39,34,122.76
35 ₹ 39,34,122.76 ₹ 31,145.14 ₹ 37,97,253.01
36 ₹ 37,97,253.01 ₹ 30,061.59 ₹ 36,59,299.70
37 ₹ 36,59,299.70 ₹ 28,969.46 ₹ 35,20,254.27
38 ₹ 35,20,254.27 ₹ 27,868.68 ₹ 33,80,108.06
39 ₹ 33,80,108.06 ₹ 26,759.19 ₹ 32,38,852.35
40 ₹ 32,38,852.35 ₹ 25,640.91 ₹ 30,96,478.38
41 ₹ 30,96,478.38 ₹ 24,513.79 ₹ 29,52,977.27
42 ₹ 29,52,977.27 ₹ 23,377.74 ₹ 28,08,340.12
43 ₹ 28,08,340.12 ₹ 22,232.69 ₹ 26,62,557.92
44 ₹ 26,62,557.92 ₹ 21,078.58 ₹ 25,15,621.62
45 ₹ 25,15,621.62 ₹ 19,915.34 ₹ 23,67,522.06
46 ₹ 23,67,522.06 ₹ 18,742.88 ₹ 22,18,250.06
47 ₹ 22,18,250.06 ₹ 17,561.15 ₹ 20,67,796.31
48 ₹ 20,67,796.31 ₹ 16,370.05 ₹ 19,16,151.48
49 ₹ 19,16,151.48 ₹ 15,169.53 ₹ 17,63,306.12
50 ₹ 17,63,306.12 ₹ 13,959.51 ₹ 16,09,250.73
51 ₹ 16,09,250.73 ₹ 12,739.90 ₹ 14,53,975.75
52 ₹ 14,53,975.75 ₹ 11,510.64 ₹ 12,97,471.50
53 ₹ 12,97,471.50 ₹ 10,271.65 ₹ 11,39,728.25
54 ₹ 11,39,728.25 ₹ 9,022.85 ₹ 9,80,736.21
55 ₹ 9,80,736.21 ₹ 7,764.16 ₹ 8,20,485.48
56 ₹ 8,20,485.48 ₹ 6,495.51 ₹ 6,58,966.10
57 ₹ 6,58,966.10 ₹ 5,216.81 ₹ 4,96,168.03
58 ₹ 4,96,168.03 ₹ 3,928.00 ₹ 3,32,081.13
59 ₹ 3,32,081.13 ₹ 2,628.98 ₹ 1,66,695.22
60 ₹ 1,66,695.22 ₹ 1,319.67 ₹ -0.00

Monthly Schedule for HDFC Bank


Month Principle Interest Balance
1 ₹ 80,00,000.00 ₹ 60,000.00 ₹ 78,93,933.16
2 ₹ 78,93,933.16 ₹ 59,204.50 ₹ 77,87,070.82
3 ₹ 77,87,070.82 ₹ 58,403.03 ₹ 76,79,407.00
4 ₹ 76,79,407.00 ₹ 57,595.55 ₹ 75,70,935.72
5 ₹ 75,70,935.72 ₹ 56,782.02 ₹ 74,61,650.89
6 ₹ 74,61,650.89 ₹ 55,962.38 ₹ 73,51,546.43
7 ₹ 73,51,546.43 ₹ 55,136.60 ₹ 72,40,616.19
8 ₹ 72,40,616.19 ₹ 54,304.62 ₹ 71,28,853.97
9 ₹ 71,28,853.97 ₹ 53,466.40 ₹ 70,16,253.53
10 ₹ 70,16,253.53 ₹ 52,621.90 ₹ 69,02,808.59
11 ₹ 69,02,808.59 ₹ 51,771.06 ₹ 67,88,512.81
12 ₹ 67,88,512.81 ₹ 50,913.85 ₹ 66,73,359.82
13 ₹ 66,73,359.82 ₹ 50,050.20 ₹ 65,57,343.17
14 ₹ 65,57,343.17 ₹ 49,180.07 ₹ 64,40,456.41
15 ₹ 64,40,456.41 ₹ 48,303.42 ₹ 63,22,692.99
16 ₹ 63,22,692.99 ₹ 47,420.20 ₹ 62,04,046.34
17 ₹ 62,04,046.34 ₹ 46,530.35 ₹ 60,84,509.85
18 ₹ 60,84,509.85 ₹ 45,633.82 ₹ 59,64,076.83
19 ₹ 59,64,076.83 ₹ 44,730.58 ₹ 58,42,740.56
20 ₹ 58,42,740.56 ₹ 43,820.55 ₹ 57,20,494.28
21 ₹ 57,20,494.28 ₹ 42,903.71 ₹ 55,97,331.14
22 ₹ 55,97,331.14 ₹ 41,979.98 ₹ 54,73,244.28
23 ₹ 54,73,244.28 ₹ 41,049.33 ₹ 53,48,226.77
24 ₹ 53,48,226.77 ₹ 40,111.70 ₹ 52,22,271.63
25 ₹ 52,22,271.63 ₹ 39,167.04 ₹ 50,95,371.83
26 ₹ 50,95,371.83 ₹ 38,215.29 ₹ 49,67,520.28
27 ₹ 49,67,520.28 ₹ 37,256.40 ₹ 48,38,709.84
28 ₹ 48,38,709.84 ₹ 36,290.32 ₹ 47,08,933.32
29 ₹ 47,08,933.32 ₹ 35,317.00 ₹ 45,78,183.48
30 ₹ 45,78,183.48 ₹ 34,336.38 ₹ 44,46,453.01
31 ₹ 44,46,453.01 ₹ 33,348.40 ₹ 43,13,734.57
32 ₹ 43,13,734.57 ₹ 32,353.01 ₹ 41,80,020.73
33 ₹ 41,80,020.73 ₹ 31,350.16 ₹ 40,45,304.05
34 ₹ 40,45,304.05 ₹ 30,339.78 ₹ 39,09,576.99
35 ₹ 39,09,576.99 ₹ 29,321.83 ₹ 37,72,831.97
36 ₹ 37,72,831.97 ₹ 28,296.24 ₹ 36,35,061.37
37 ₹ 36,35,061.37 ₹ 27,262.96 ₹ 34,96,257.49
38 ₹ 34,96,257.49 ₹ 26,221.93 ₹ 33,56,412.58
39 ₹ 33,56,412.58 ₹ 25,173.09 ₹ 32,15,518.83
40 ₹ 32,15,518.83 ₹ 24,116.39 ₹ 30,73,568.38
41 ₹ 30,73,568.38 ₹ 23,051.76 ₹ 29,30,553.30
42 ₹ 29,30,553.30 ₹ 21,979.15 ₹ 27,86,465.61
43 ₹ 27,86,465.61 ₹ 20,898.49 ₹ 26,41,297.26
44 ₹ 26,41,297.26 ₹ 19,809.73 ₹ 24,95,040.15
45 ₹ 24,95,040.15 ₹ 18,712.80 ₹ 23,47,686.10
46 ₹ 23,47,686.10 ₹ 17,607.65 ₹ 21,99,226.91
47 ₹ 21,99,226.91 ₹ 16,494.20 ₹ 20,49,654.27
48 ₹ 20,49,654.27 ₹ 15,372.41 ₹ 18,98,959.83
49 ₹ 18,98,959.83 ₹ 14,242.20 ₹ 17,47,135.19
50 ₹ 17,47,135.19 ₹ 13,103.51 ₹ 15,94,171.86
51 ₹ 15,94,171.86 ₹ 11,956.29 ₹ 14,40,061.31
52 ₹ 14,40,061.31 ₹ 10,800.46 ₹ 12,84,794.93
53 ₹ 12,84,794.93 ₹ 9,635.96 ₹ 11,28,364.05
54 ₹ 11,28,364.05 ₹ 8,462.73 ₹ 9,70,759.94
55 ₹ 9,70,759.94 ₹ 7,280.70 ₹ 8,11,973.79
56 ₹ 8,11,973.79 ₹ 6,089.80 ₹ 6,51,996.76
57 ₹ 6,51,996.76 ₹ 4,889.98 ₹ 4,90,819.89
58 ₹ 4,90,819.89 ₹ 3,681.15 ₹ 3,28,434.20
59 ₹ 3,28,434.20 ₹ 2,463.26 ₹ 1,64,830.61
60 ₹ 1,64,830.61 ₹ 1,236.23 ₹ 0.00

Monthly Schedule for SBIBank


Month Principle Interest Balance
1 ₹ 80,00,000.00 ₹ 56,666.67 ₹ 78,92,534.42
2 ₹ 78,92,534.42 ₹ 55,905.45 ₹ 77,84,307.62
3 ₹ 77,84,307.62 ₹ 55,138.85 ₹ 76,75,314.21
4 ₹ 76,75,314.21 ₹ 54,366.81 ₹ 75,65,548.77
5 ₹ 75,65,548.77 ₹ 53,589.30 ₹ 74,55,005.82
6 ₹ 74,55,005.82 ₹ 52,806.29 ₹ 73,43,679.86
7 ₹ 73,43,679.86 ₹ 52,017.73 ₹ 72,31,565.35
8 ₹ 72,31,565.35 ₹ 51,223.59 ₹ 71,18,656.68
9 ₹ 71,18,656.68 ₹ 50,423.82 ₹ 70,04,948.25
10 ₹ 70,04,948.25 ₹ 49,618.38 ₹ 68,90,434.38
11 ₹ 68,90,434.38 ₹ 48,807.24 ₹ 67,75,109.38
12 ₹ 67,75,109.38 ₹ 47,990.36 ₹ 66,58,967.48
13 ₹ 66,58,967.48 ₹ 47,167.69 ₹ 65,42,002.92
14 ₹ 65,42,002.92 ₹ 46,339.19 ₹ 64,24,209.86
15 ₹ 64,24,209.86 ₹ 45,504.82 ₹ 63,05,582.43
16 ₹ 63,05,582.43 ₹ 44,664.54 ₹ 61,86,114.72
17 ₹ 61,86,114.72 ₹ 43,818.31 ₹ 60,65,800.78
18 ₹ 60,65,800.78 ₹ 42,966.09 ₹ 59,44,634.62
19 ₹ 59,44,634.62 ₹ 42,107.83 ₹ 58,22,610.20
20 ₹ 58,22,610.20 ₹ 41,243.49 ₹ 56,99,721.43
21 ₹ 56,99,721.43 ₹ 40,373.03 ₹ 55,75,962.21
22 ₹ 55,75,962.21 ₹ 39,496.40 ₹ 54,51,326.36
23 ₹ 54,51,326.36 ₹ 38,613.56 ₹ 53,25,807.67
24 ₹ 53,25,807.67 ₹ 37,724.47 ₹ 51,99,399.89
25 ₹ 51,99,399.89 ₹ 36,829.08 ₹ 50,72,096.72
26 ₹ 50,72,096.72 ₹ 35,927.35 ₹ 49,43,891.82
27 ₹ 49,43,891.82 ₹ 35,019.23 ₹ 48,14,778.81
28 ₹ 48,14,778.81 ₹ 34,104.68 ₹ 46,84,751.24
29 ₹ 46,84,751.24 ₹ 33,183.65 ₹ 45,53,802.64
30 ₹ 45,53,802.64 ₹ 32,256.10 ₹ 44,21,926.49
31 ₹ 44,21,926.49 ₹ 31,321.98 ₹ 42,89,116.22
32 ₹ 42,89,116.22 ₹ 30,381.24 ₹ 41,55,365.21
33 ₹ 41,55,365.21 ₹ 29,433.84 ₹ 40,20,666.80
34 ₹ 40,20,666.80 ₹ 28,479.72 ₹ 38,85,014.27
35 ₹ 38,85,014.27 ₹ 27,518.85 ₹ 37,48,400.87
36 ₹ 37,48,400.87 ₹ 26,551.17 ₹ 36,10,819.79
37 ₹ 36,10,819.79 ₹ 25,576.64 ₹ 34,72,264.18
38 ₹ 34,72,264.18 ₹ 24,595.20 ₹ 33,32,727.14
39 ₹ 33,32,727.14 ₹ 23,606.82 ₹ 31,92,201.70
40 ₹ 31,92,201.70 ₹ 22,611.43 ₹ 30,50,680.88
41 ₹ 30,50,680.88 ₹ 21,608.99 ₹ 29,08,157.62
42 ₹ 29,08,157.62 ₹ 20,599.45 ₹ 27,64,624.82
43 ₹ 27,64,624.82 ₹ 19,582.76 ₹ 26,20,075.33
44 ₹ 26,20,075.33 ₹ 18,558.87 ₹ 24,74,501.95
45 ₹ 24,74,501.95 ₹ 17,527.72 ₹ 23,27,897.42
46 ₹ 23,27,897.42 ₹ 16,489.27 ₹ 21,80,254.44
47 ₹ 21,80,254.44 ₹ 15,443.47 ₹ 20,31,565.66
48 ₹ 20,31,565.66 ₹ 14,390.26 ₹ 18,81,823.66
49 ₹ 18,81,823.66 ₹ 13,329.58 ₹ 17,31,021.00
50 ₹ 17,31,021.00 ₹ 12,261.40 ₹ 15,79,150.15
51 ₹ 15,79,150.15 ₹ 11,185.65 ₹ 14,26,203.54
52 ₹ 14,26,203.54 ₹ 10,102.28 ₹ 12,72,173.57
53 ₹ 12,72,173.57 ₹ 9,011.23 ₹ 11,17,052.55
54 ₹ 11,17,052.55 ₹ 7,912.46 ₹ 9,60,832.75
55 ₹ 9,60,832.75 ₹ 6,805.90 ₹ 8,03,506.40
56 ₹ 8,03,506.40 ₹ 5,691.50 ₹ 6,45,065.65
57 ₹ 6,45,065.65 ₹ 4,569.22 ₹ 4,85,502.62
58 ₹ 4,85,502.62 ₹ 3,438.98 ₹ 3,24,809.34
59 ₹ 3,24,809.34 ₹ 2,300.73 ₹ 1,62,977.82
60 ₹ 1,62,977.82 ₹ 1,154.43 ₹ 0.00

Answer 2
Total Interest
Amount of ICICI ₹ 20,80,893.43
Total Interest
Amount of HDFC ₹ 19,64,010.51
Total Interest
Amount of SBI ₹ 18,47,935.04

Answer 3

Total Cost to Client


for ICICI Bank ₹ 1,00,80,893.43

Total Cost to Client


for HDFC Bank ₹ 99,64,010.51
Total Cost to Client
for SBI Bank ₹ 98,47,935.04

Answer 4
Bank to Choose SBI

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