Flat mortgage loan taken for personal use?

Querist : Anonymous (Querist) 06 January 2012 This query is : Resolved
loan of Rs.200000 taken from bank for 5 year and paying EMI Rs.7227 monthly i have been paid the some of Rs.187000 and how much amt of balance we have to paid........how the interest and principle amt is calculate when there is a cut interest i.e. WDV int. pls show the calculation.

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Devajyoti Barman (Expert) 06 January 2012
Only the bank can tell you.
We are not accountant to make the calculation and that too without seeing your loan agreement.

V R SHROFF (Expert) 06 January 2012
Call or write bank, and they will inform you.

I.S.Roy,Advocate (Expert) 06 January 2012
Dear Sir,
Call or write to the bank and they will inform you.

malipeddi jaggarao (Expert) 06 January 2012
As experts said above, you should approach your bank. Obtain a statement of account copy and go through the interest charged in the account. You can have your own calculations and if there is difference you can seek clarifications from the Bank.

Rajeev Kumar (Expert) 06 January 2012
Contact the bank and they will inform you

Sailesh Kumar Shah (Expert) 06 January 2012
Not a "FIT" query for this forum.

Deepak Nair (Expert) 06 January 2012
Better to contact your bank for required information.

M/s. Y-not legal services (Expert) 06 January 2012
yes., contact with your bank.,

also just inform them that you are ready for one time settlemnt they will give you any offer..

-tom-

Raj Kumar Makkad (Expert) 06 January 2012
This site is not meant for this purpose. You have posted your query in wrong site. You may go to www.caclubindia.com

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