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Re: Interest Calculation of Loan @8% not happening

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hi Bhagyashree,

 

When availing loan ,interest is not included to the principle amount ie 20000/- should not be added to 250000; if so then the principle amount 270000/- which is should not be.

 

The installment amount should get deducted as per the repayment of installment date and type of loan.

 

Please check this.

 

Thank you,

Sai


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