13/12/2021
For example:
You have applied for a loan of 30,000 rupees with a use period of 180 days (6 months),
For example, the annual interest rate of this loan is 13%.
The total interest to be paid after maturity is: Rs 1,950 = (30,000 * 13% / 12) * 6
The total amount to be returned after maturity is: Rs 31,950 = 30,000 + 1,950
Then the amount you should pay each month is: Rs 5,325 = 31,950 / 6
Then during these 6 months, you need to pay on the 1st of each month: Rs 5,325 = 31,950 / 6
