Re: Are banks going to use this?
by mahesh babu on Jun 03, 2009 05:00 PM Permalink
you can pre-pay only a housing loan and not any other loan. This facility is not available in Personal & Auto loans
Re: Re: Are banks going to use this?
by Arjun on May 27, 2009 08:27 PM Permalink
I'm no expert, but I think that you usually can't make part pre-payments on a personal loan So for a personal loan, you'll have to choose the option to pay off loan completely if you plan to do so.
Re: Re: Re: Are banks going to use this?
by k prabu on Jun 01, 2009 05:28 PM Permalink
You need to check with your bank before taking the loan, in case if you had already taken without reading T&C, this is the time to do that. Alternatively you can call-up your bank to check this out.
EMI calculator is good and requires some modification. It requires an editable field for an interest and Pre-payment for each month. As you are aware for floating the ROI is changeing everymonth and for Pre-payment is depends on surplus amount available in month. I hope everyone agrees
Re: emi calculator
by Arjun on May 27, 2009 07:19 PM Permalink
This calculator uses a monthly reducing balance. You'll see this if you mouse-over the clue-tip next to interest rate.
Re: Re: emi calculator
by Umakanth Reddy on May 27, 2009 03:24 PM Permalink
Is your second name Amritraj? Are you a retired tennis player with nothing to do and simply commenting.
Re: Re: Re: emi calculator
by Unlimited Storage on May 27, 2009 05:50 PM Permalink
are u kid of reddy CM and some kanth in south..and do simple replying.
Re: emi calculator
by govindarajan on May 28, 2009 03:16 PM Permalink
if hav taken a loan for ten years for 10 lacs for mortgate loan. kindly let me how much i have to pay monthly pls tell me anybody
Please incorporate the folling, which are very essential and to make it more realistic. 1) Service tax is levied on processing fee. it is an outflow and needs to be incorporated. 2) the calculator does not give option for moratorium period. SV
Re: Re: Re: EMI Calculator - Shortcomings
by A Dwivedi on May 27, 2009 04:01 PM Permalink
Option 1 : Safe Useful = Safeful Option 2 : Will it fill his safe with money?
Re: EMI Calculator
by Reader on May 27, 2009 04:05 PM Permalink
first purchase a latest pc with flash player support then dream of buying something on loan
