Financial Management

Assignment 1
Introduction
Here, we are considering the interest rates offered by different banks for housing loans. We will
basically consider the interest rates offered by them by considering 3 banks & comparing the schemes
offered by them & their respective interest rates.
I am taking a loan of 20, 00,000/- for a tenure of 10 years & accordingly we will calculate the
EMIs & prepare a Loan Repayment Schedule or Loan Amortization Schedule.

1.
2.
3.

Following are the 3 banks I have picked

State Bank of India (SBI)
Canara Bank.
Kotak Bank.

Bank

Interest Rates

Per Lac EMI

State Bank of India

(SBI)

10.10 % (for Women)

Canara Bank

10.20 %

978/-

2.51 %

Kotak Bank

10.25 %

982/-

4.65 %

10.15 % (for Others)

Rs.972 (For Women),

Rs.975 (For Others)

% changes in last
6 months
1.45 %

Comparison among banks

Various Schemes offered

Schemes
Housing Loan
Vehicle Loan

State Bank of
India
Yes
Yes

Canara Bank
Yes
No

Kotak Bank
Yes
Yes

Gold Loan
Education Loan
Loan Against Securities
Home Improvement Loan

Yes
Yes
Yes
No

Yes
Yes
No
No

Yes
Yes
Yes
Yes

Loan Repayment Schedule

State Bank of India

Installment No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Opening Balance
Rs. 20,00,000
Rs. 19,90,320
Rs. 19,80,558
Rs. 19,70,713
Rs. 19,60,785
Rs. 19,50,773
Rs. 19,40,676
Rs. 19,30,494
Rs. 19,20,226
Rs. 19,09,871
Rs. 18,99,428
Rs. 18,88,897
Rs. 18,78,277
Rs. 18,67,567
Rs. 18,56,767
Rs. 18,45,875
Rs. 18,34,891
Rs. 18,23,814
Rs. 18,12,643
Rs. 18,01,378
Rs. 17,90,018
Rs. 17,78,562
Rs. 17,67,009
Rs. 17,55,358
Rs. 17,43,608
Rs. 17,31,759
Rs. 17,19,810
Rs. 17,07,760
Rs. 16,95,608
Rs. 16,83,353
Rs. 16,70,994

EMI
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597

Loan Outstanding
Rs. 19,90,320
Rs. 19,80,558
Rs. 19,70,713
Rs. 19,60,785
Rs. 19,50,773
Rs. 19,40,676
Rs. 19,30,494
Rs. 19,20,226
Rs. 19,09,871
Rs. 18,99,428
Rs. 18,88,897
Rs. 18,78,277
Rs. 18,67,567
Rs. 18,56,767
Rs. 18,45,875
Rs. 18,34,891
Rs. 18,23,814
Rs. 18,12,643
Rs. 18,01,378
Rs. 17,90,018
Rs. 17,78,562
Rs. 17,67,009
Rs. 17,55,358
Rs. 17,43,608
Rs. 17,31,759
Rs. 17,19,810
Rs. 17,07,760
Rs. 16,95,608
Rs. 16,83,353
Rs. 16,70,994
Rs. 16,58,531

Interest
Rs. 16,917
Rs. 16,835
Rs. 16,752
Rs. 16,669
Rs. 16,585
Rs. 16,500
Rs. 16,415
Rs. 16,329
Rs. 16,242
Rs. 16,154
Rs. 16,066
Rs. 15,977
Rs. 15,887
Rs. 15,797
Rs. 15,705
Rs. 15,613
Rs. 15,520
Rs. 15,426
Rs. 15,332
Rs. 15,237
Rs. 15,141
Rs. 15,044
Rs. 14,946
Rs. 14,847
Rs. 14,748
Rs. 14,648
Rs. 14,547
Rs. 14,445
Rs. 14,342
Rs. 14,238
Rs. 14,134

Principal
Rs. 9,680
Rs. 9,762
Rs. 9,845
Rs. 9,928
Rs. 10,012
Rs. 10,097
Rs. 10,182
Rs. 10,268
Rs. 10,355
Rs. 10,443
Rs. 10,531
Rs. 10,620
Rs. 10,710
Rs. 10,800
Rs. 10,892
Rs. 10,984
Rs. 11,077
Rs. 11,171
Rs. 11,265
Rs. 11,360
Rs. 11,456
Rs. 11,553
Rs. 11,651
Rs. 11,750
Rs. 11,849
Rs. 11,949
Rs. 12,050
Rs. 12,152
Rs. 12,255
Rs. 12,359
Rs. 12,463

32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77

Rs. 16,58,531
Rs. 16,45,962
Rs. 16,33,287
Rs. 16,20,505
Rs. 16,07,615
Rs. 15,94,616
Rs. 15,81,507
Rs. 15,68,287
Rs. 15,54,955
Rs. 15,41,510
Rs. 15,27,952
Rs. 15,14,279
Rs. 15,00,490
Rs. 14,86,585
Rs. 14,72,562
Rs. 14,58,420
Rs. 14,44,159
Rs. 14,29,777
Rs. 14,15,274
Rs. 14,00,648
Rs. 13,85,898
Rs. 13,71,023
Rs. 13,56,023
Rs. 13,40,896
Rs. 13,25,641
Rs. 13,10,257
Rs. 12,94,743
Rs. 12,79,097
Rs. 12,63,319
Rs. 12,47,408
Rs. 12,31,362
Rs. 12,15,180
Rs. 11,98,861
Rs. 11,82,404
Rs. 11,65,808
Rs. 11,49,072
Rs. 11,32,194
Rs. 11,15,173
Rs. 10,98,009
Rs. 10,80,699
Rs. 10,63,243
Rs. 10,45,639
Rs. 10,27,886
Rs. 10,09,983
Rs. 9,91,929
Rs. 9,73,722

Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597

Rs. 16,45,962
Rs. 16,33,287
Rs. 16,20,505
Rs. 16,07,615
Rs. 15,94,616
Rs. 15,81,507
Rs. 15,68,287
Rs. 15,54,955
Rs. 15,41,510
Rs. 15,27,952
Rs. 15,14,279
Rs. 15,00,490
Rs. 14,86,585
Rs. 14,72,562
Rs. 14,58,420
Rs. 14,44,159
Rs. 14,29,777
Rs. 14,15,274
Rs. 14,00,648
Rs. 13,85,898
Rs. 13,71,023
Rs. 13,56,023
Rs. 13,40,896
Rs. 13,25,641
Rs. 13,10,257
Rs. 12,94,743
Rs. 12,79,097
Rs. 12,63,319
Rs. 12,47,408
Rs. 12,31,362
Rs. 12,15,180
Rs. 11,98,861
Rs. 11,82,404
Rs. 11,65,808
Rs. 11,49,072
Rs. 11,32,194
Rs. 11,15,173
Rs. 10,98,009
Rs. 10,80,699
Rs. 10,63,243
Rs. 10,45,639
Rs. 10,27,886
Rs. 10,09,983
Rs. 9,91,929
Rs. 9,73,722
Rs. 9,55,361

Rs. 14,028
Rs. 13,922
Rs. 13,815
Rs. 13,707
Rs. 13,598
Rs. 13,488
Rs. 13,377
Rs. 13,265
Rs. 13,152
Rs. 13,039
Rs. 12,924
Rs. 12,808
Rs. 12,692
Rs. 12,574
Rs. 12,455
Rs. 12,336
Rs. 12,215
Rs. 12,094
Rs. 11,971
Rs. 11,847
Rs. 11,722
Rs. 11,597
Rs. 11,470
Rs. 11,342
Rs. 11,213
Rs. 11,083
Rs. 10,951
Rs. 10,819
Rs. 10,686
Rs. 10,551
Rs. 10,415
Rs. 10,278
Rs. 10,140
Rs. 10,001
Rs. 9,861
Rs. 9,719
Rs. 9,576
Rs. 9,433
Rs. 9,287
Rs. 9,141
Rs. 8,993
Rs. 8,844
Rs. 8,694
Rs. 8,543
Rs. 8,390
Rs. 8,236

Rs. 12,569
Rs. 12,675
Rs. 12,782
Rs. 12,890
Rs. 12,999
Rs. 13,109
Rs. 13,220
Rs. 13,332
Rs. 13,445
Rs. 13,558
Rs. 13,673
Rs. 13,789
Rs. 13,905
Rs. 14,023
Rs. 14,142
Rs. 14,261
Rs. 14,382
Rs. 14,503
Rs. 14,626
Rs. 14,750
Rs. 14,875
Rs. 15,000
Rs. 15,127
Rs. 15,255
Rs. 15,384
Rs. 15,514
Rs. 15,646
Rs. 15,778
Rs. 15,911
Rs. 16,046
Rs. 16,182
Rs. 16,319
Rs. 16,457
Rs. 16,596
Rs. 16,736
Rs. 16,878
Rs. 17,021
Rs. 17,164
Rs. 17,310
Rs. 17,456
Rs. 17,604
Rs. 17,753
Rs. 17,903
Rs. 18,054
Rs. 18,207
Rs. 18,361

78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
Total:

Rs. 9,55,361
Rs. 9,36,845
Rs. 9,18,172
Rs. 8,99,341
Rs. 8,80,351
Rs. 8,61,200
Rs. 8,41,887
Rs. 8,22,411
Rs. 8,02,770
Rs. 7,82,963
Rs. 7,62,989
Rs. 7,42,846
Rs. 7,22,532
Rs. 7,02,046
Rs. 6,81,387
Rs. 6,60,553
Rs. 6,39,543
Rs. 6,18,355
Rs. 5,96,988
Rs. 5,75,441
Rs. 5,53,711
Rs. 5,31,797
Rs. 5,09,698
Rs. 4,87,412
Rs. 4,64,938
Rs. 4,42,274
Rs. 4,19,418
Rs. 3,96,369
Rs. 3,73,125
Rs. 3,49,684
Rs. 3,26,045
Rs. 3,02,206
Rs. 2,78,165
Rs. 2,53,921
Rs. 2,29,472
Rs. 2,04,816
Rs. 1,79,951
Rs. 1,54,876
Rs. 1,29,589
Rs. 1,04,088
Rs. 78,371
Rs. 52,437
Rs. 26,284

Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs. 26,597
Rs.
31,91,640

Rs. 9,36,845
Rs. 9,18,172
Rs. 8,99,341
Rs. 8,80,351
Rs. 8,61,200
Rs. 8,41,887
Rs. 8,22,411
Rs. 8,02,770
Rs. 7,82,963
Rs. 7,62,989
Rs. 7,42,846
Rs. 7,22,532
Rs. 7,02,046
Rs. 6,81,387
Rs. 6,60,553
Rs. 6,39,543
Rs. 6,18,355
Rs. 5,96,988
Rs. 5,75,441
Rs. 5,53,711
Rs. 5,31,797
Rs. 5,09,698
Rs. 4,87,412
Rs. 4,64,938
Rs. 4,42,274
Rs. 4,19,418
Rs. 3,96,369
Rs. 3,73,125
Rs. 3,49,684
Rs. 3,26,045
Rs. 3,02,206
Rs. 2,78,165
Rs. 2,53,921
Rs. 2,29,472
Rs. 2,04,816
Rs. 1,79,951
Rs. 1,54,876
Rs. 1,29,589
Rs. 1,04,088
Rs. 78,371
Rs. 52,437
Rs. 26,284
Rs. -91

Rs. 8,081
Rs. 7,924
Rs. 7,766
Rs. 7,607
Rs. 7,446
Rs. 7,284
Rs. 7,121
Rs. 6,956
Rs. 6,790
Rs. 6,623
Rs. 6,454
Rs. 6,283
Rs. 6,111
Rs. 5,938
Rs. 5,763
Rs. 5,587
Rs. 5,409
Rs. 5,230
Rs. 5,050
Rs. 4,867
Rs. 4,683
Rs. 4,498
Rs. 4,311
Rs. 4,123
Rs. 3,933
Rs. 3,741
Rs. 3,548
Rs. 3,353
Rs. 3,156
Rs. 2,958
Rs. 2,758
Rs. 2,556
Rs. 2,353
Rs. 2,148
Rs. 1,941
Rs. 1,732
Rs. 1,522
Rs. 1,310
Rs. 1,096
Rs. 880
Rs. 663
Rs. 444
Rs. 222
Rs.
11,91,549

Rs. 18,516
Rs. 18,673
Rs. 18,831
Rs. 18,990
Rs. 19,151
Rs. 19,313
Rs. 19,476
Rs. 19,641
Rs. 19,807
Rs. 19,974
Rs. 20,143
Rs. 20,314
Rs. 20,486
Rs. 20,659
Rs. 20,834
Rs. 21,010
Rs. 21,188
Rs. 21,367
Rs. 21,547
Rs. 21,730
Rs. 21,914
Rs. 22,099
Rs. 22,286
Rs. 22,474
Rs. 22,664
Rs. 22,856
Rs. 23,049
Rs. 23,244
Rs. 23,441
Rs. 23,639
Rs. 23,839
Rs. 24,041
Rs. 24,244
Rs. 24,449
Rs. 24,656
Rs. 24,865
Rs. 25,075
Rs. 25,287
Rs. 25,501
Rs. 25,717
Rs. 25,934
Rs. 26,153
Rs. 26,375
Rs.
20,00,091

Canara Bank
Installment No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32

Opening Balance
Rs. 20,00,000
Rs. 19,90,348
Rs. 19,80,614
Rs. 19,70,797
Rs. 19,60,897
Rs. 19,50,913
Rs. 19,40,844
Rs. 19,30,689
Rs. 19,20,448
Rs. 19,10,120
Rs. 18,99,704
Rs. 18,89,199
Rs. 18,78,605
Rs. 18,67,921
Rs. 18,57,146
Rs. 18,46,280
Rs. 18,35,321
Rs. 18,24,269
Rs. 18,13,123
Rs. 18,01,883
Rs. 17,90,547
Rs. 17,79,115
Rs. 17,67,585
Rs. 17,55,957
Rs. 17,44,231
Rs. 17,32,405
Rs. 17,20,478
Rs. 17,08,450
Rs. 16,96,320
Rs. 16,84,087
Rs. 16,71,750
Rs. 16,59,308

EMI
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652

Loan Outstanding
Rs. 19,90,348
Rs. 19,80,614
Rs. 19,70,797
Rs. 19,60,897
Rs. 19,50,913
Rs. 19,40,844
Rs. 19,30,689
Rs. 19,20,448
Rs. 19,10,120
Rs. 18,99,704
Rs. 18,89,199
Rs. 18,78,605
Rs. 18,67,921
Rs. 18,57,146
Rs. 18,46,280
Rs. 18,35,321
Rs. 18,24,269
Rs. 18,13,123
Rs. 18,01,883
Rs. 17,90,547
Rs. 17,79,115
Rs. 17,67,585
Rs. 17,55,957
Rs. 17,44,231
Rs. 17,32,405
Rs. 17,20,478
Rs. 17,08,450
Rs. 16,96,320
Rs. 16,84,087
Rs. 16,71,750
Rs. 16,59,308
Rs. 16,46,760

Interest
Rs. 17,000
Rs. 16,918
Rs. 16,835
Rs. 16,752
Rs. 16,668
Rs. 16,583
Rs. 16,497
Rs. 16,411
Rs. 16,324
Rs. 16,236
Rs. 16,147
Rs. 16,058
Rs. 15,968
Rs. 15,877
Rs. 15,786
Rs. 15,693
Rs. 15,600
Rs. 15,506
Rs. 15,412
Rs. 15,316
Rs. 15,220
Rs. 15,122
Rs. 15,024
Rs. 14,926
Rs. 14,826
Rs. 14,725
Rs. 14,624
Rs. 14,522
Rs. 14,419
Rs. 14,315
Rs. 14,210
Rs. 14,104

Principal
Rs. 9,652
Rs. 9,734
Rs. 9,817
Rs. 9,900
Rs. 9,984
Rs. 10,069
Rs. 10,155
Rs. 10,241
Rs. 10,328
Rs. 10,416
Rs. 10,505
Rs. 10,594
Rs. 10,684
Rs. 10,775
Rs. 10,866
Rs. 10,959
Rs. 11,052
Rs. 11,146
Rs. 11,240
Rs. 11,336
Rs. 11,432
Rs. 11,530
Rs. 11,628
Rs. 11,726
Rs. 11,826
Rs. 11,927
Rs. 12,028
Rs. 12,130
Rs. 12,233
Rs. 12,337
Rs. 12,442
Rs. 12,548

33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78

Rs. 16,46,760
Rs. 16,34,105
Rs. 16,21,343
Rs. 16,08,472
Rs. 15,95,492
Rs. 15,82,402
Rs. 15,69,200
Rs. 15,55,886
Rs. 15,42,459
Rs. 15,28,918
Rs. 15,15,262
Rs. 15,01,490
Rs. 14,87,601
Rs. 14,73,594
Rs. 14,59,468
Rs. 14,45,221
Rs. 14,30,853
Rs. 14,16,363
Rs. 14,01,750
Rs. 13,87,013
Rs. 13,72,151
Rs. 13,57,162
Rs. 13,42,046
Rs. 13,26,801
Rs. 13,11,427
Rs. 12,95,922
Rs. 12,80,285
Rs. 12,64,515
Rs. 12,48,611
Rs. 12,32,572
Rs. 12,16,397
Rs. 12,00,084
Rs. 11,83,633
Rs. 11,67,042
Rs. 11,50,310
Rs. 11,33,436
Rs. 11,16,418
Rs. 10,99,256
Rs. 10,81,948
Rs. 10,64,493
Rs. 10,46,889
Rs. 10,29,136
Rs. 10,11,232
Rs. 9,93,175
Rs. 9,74,965
Rs. 9,56,600

Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652

Rs. 16,34,105
Rs. 16,21,343
Rs. 16,08,472
Rs. 15,95,492
Rs. 15,82,402
Rs. 15,69,200
Rs. 15,55,886
Rs. 15,42,459
Rs. 15,28,918
Rs. 15,15,262
Rs. 15,01,490
Rs. 14,87,601
Rs. 14,73,594
Rs. 14,59,468
Rs. 14,45,221
Rs. 14,30,853
Rs. 14,16,363
Rs. 14,01,750
Rs. 13,87,013
Rs. 13,72,151
Rs. 13,57,162
Rs. 13,42,046
Rs. 13,26,801
Rs. 13,11,427
Rs. 12,95,922
Rs. 12,80,285
Rs. 12,64,515
Rs. 12,48,611
Rs. 12,32,572
Rs. 12,16,397
Rs. 12,00,084
Rs. 11,83,633
Rs. 11,67,042
Rs. 11,50,310
Rs. 11,33,436
Rs. 11,16,418
Rs. 10,99,256
Rs. 10,81,948
Rs. 10,64,493
Rs. 10,46,889
Rs. 10,29,136
Rs. 10,11,232
Rs. 9,93,175
Rs. 9,74,965
Rs. 9,56,600
Rs. 9,38,079

Rs. 13,997
Rs. 13,890
Rs. 13,781
Rs. 13,672
Rs. 13,562
Rs. 13,450
Rs. 13,338
Rs. 13,225
Rs. 13,111
Rs. 12,996
Rs. 12,880
Rs. 12,763
Rs. 12,645
Rs. 12,526
Rs. 12,405
Rs. 12,284
Rs. 12,162
Rs. 12,039
Rs. 11,915
Rs. 11,790
Rs. 11,663
Rs. 11,536
Rs. 11,407
Rs. 11,278
Rs. 11,147
Rs. 11,015
Rs. 10,882
Rs. 10,748
Rs. 10,613
Rs. 10,477
Rs. 10,339
Rs. 10,201
Rs. 10,061
Rs. 9,920
Rs. 9,778
Rs. 9,634
Rs. 9,490
Rs. 9,344
Rs. 9,197
Rs. 9,048
Rs. 8,899
Rs. 8,748
Rs. 8,595
Rs. 8,442
Rs. 8,287
Rs. 8,131

Rs. 12,655
Rs. 12,762
Rs. 12,871
Rs. 12,980
Rs. 13,090
Rs. 13,202
Rs. 13,314
Rs. 13,427
Rs. 13,541
Rs. 13,656
Rs. 13,772
Rs. 13,889
Rs. 14,007
Rs. 14,126
Rs. 14,247
Rs. 14,368
Rs. 14,490
Rs. 14,613
Rs. 14,737
Rs. 14,862
Rs. 14,989
Rs. 15,116
Rs. 15,245
Rs. 15,374
Rs. 15,505
Rs. 15,637
Rs. 15,770
Rs. 15,904
Rs. 16,039
Rs. 16,175
Rs. 16,313
Rs. 16,451
Rs. 16,591
Rs. 16,732
Rs. 16,874
Rs. 17,018
Rs. 17,162
Rs. 17,308
Rs. 17,455
Rs. 17,604
Rs. 17,753
Rs. 17,904
Rs. 18,057
Rs. 18,210
Rs. 18,365
Rs. 18,521

79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
Total:

Rs. 9,38,079
Rs. 9,19,401
Rs. 9,00,564
Rs. 8,81,567
Rs. 8,62,408
Rs. 8,43,086
Rs. 8,23,600
Rs. 8,03,949
Rs. 7,84,131
Rs. 7,64,144
Rs. 7,43,987
Rs. 7,23,659
Rs. 7,03,158
Rs. 6,82,483
Rs. 6,61,632
Rs. 6,40,604
Rs. 6,19,397
Rs. 5,98,010
Rs. 5,76,441
Rs. 5,54,689
Rs. 5,32,752
Rs. 5,10,628
Rs. 4,88,316
Rs. 4,65,815
Rs. 4,43,122
Rs. 4,20,237
Rs. 3,97,157
Rs. 3,73,881
Rs. 3,50,407
Rs. 3,26,733
Rs. 3,02,858
Rs. 2,78,780
Rs. 2,54,498
Rs. 2,30,009
Rs. 2,05,312
Rs. 1,80,405
Rs. 1,55,286
Rs. 1,29,954
Rs. 1,04,407
Rs. 78,642
Rs. 52,658
Rs. 26,454

Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs. 26,652
Rs.
31,98,240

Rs. 9,19,401
Rs. 9,00,564
Rs. 8,81,567
Rs. 8,62,408
Rs. 8,43,086
Rs. 8,23,600
Rs. 8,03,949
Rs. 7,84,131
Rs. 7,64,144
Rs. 7,43,987
Rs. 7,23,659
Rs. 7,03,158
Rs. 6,82,483
Rs. 6,61,632
Rs. 6,40,604
Rs. 6,19,397
Rs. 5,98,010
Rs. 5,76,441
Rs. 5,54,689
Rs. 5,32,752
Rs. 5,10,628
Rs. 4,88,316
Rs. 4,65,815
Rs. 4,43,122
Rs. 4,20,237
Rs. 3,97,157
Rs. 3,73,881
Rs. 3,50,407
Rs. 3,26,733
Rs. 3,02,858
Rs. 2,78,780
Rs. 2,54,498
Rs. 2,30,009
Rs. 2,05,312
Rs. 1,80,405
Rs. 1,55,286
Rs. 1,29,954
Rs. 1,04,407
Rs. 78,642
Rs. 52,658
Rs. 26,454
Rs. 27

Rs. 7,974
Rs. 7,815
Rs. 7,655
Rs. 7,493
Rs. 7,330
Rs. 7,166
Rs. 7,001
Rs. 6,834
Rs. 6,665
Rs. 6,495
Rs. 6,324
Rs. 6,151
Rs. 5,977
Rs. 5,801
Rs. 5,624
Rs. 5,445
Rs. 5,265
Rs. 5,083
Rs. 4,900
Rs. 4,715
Rs. 4,528
Rs. 4,340
Rs. 4,151
Rs. 3,959
Rs. 3,767
Rs. 3,572
Rs. 3,376
Rs. 3,178
Rs. 2,978
Rs. 2,777
Rs. 2,574
Rs. 2,370
Rs. 2,163
Rs. 1,955
Rs. 1,745
Rs. 1,533
Rs. 1,320
Rs. 1,105
Rs. 887
Rs. 668
Rs. 448
Rs. 225
Rs.
11,98,267

Rs. 18,678
Rs. 18,837
Rs. 18,997
Rs. 19,159
Rs. 19,322
Rs. 19,486
Rs. 19,651
Rs. 19,818
Rs. 19,987
Rs. 20,157
Rs. 20,328
Rs. 20,501
Rs. 20,675
Rs. 20,851
Rs. 21,028
Rs. 21,207
Rs. 21,387
Rs. 21,569
Rs. 21,752
Rs. 21,937
Rs. 22,124
Rs. 22,312
Rs. 22,501
Rs. 22,693
Rs. 22,885
Rs. 23,080
Rs. 23,276
Rs. 23,474
Rs. 23,674
Rs. 23,875
Rs. 24,078
Rs. 24,282
Rs. 24,489
Rs. 24,697
Rs. 24,907
Rs. 25,119
Rs. 25,332
Rs. 25,547
Rs. 25,765
Rs. 25,984
Rs. 26,204
Rs. 26,427
Rs.
19,99,973

Kotak Bank
Installment No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32

Opening Balance
Rs. 20,00,000
Rs. 19,90,375
Rs. 19,80,668
Rs. 19,70,878
Rs. 19,61,005
Rs. 19,51,047
Rs. 19,41,004
Rs. 19,30,875
Rs. 19,20,660
Rs. 19,10,358
Rs. 18,99,968
Rs. 18,89,489
Rs. 18,78,920
Rs. 18,68,261
Rs. 18,57,511
Rs. 18,46,669
Rs. 18,35,735
Rs. 18,24,707
Rs. 18,13,585
Rs. 18,02,368
Rs. 17,91,055
Rs. 17,79,646
Rs. 17,68,139
Rs. 17,56,534
Rs. 17,44,830
Rs. 17,33,026
Rs. 17,21,121
Rs. 17,09,114
Rs. 16,97,005
Rs. 16,84,792
Rs. 16,72,475
Rs. 16,60,053

EMI
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708

Loan Outstanding
Rs. 19,90,375
Rs. 19,80,668
Rs. 19,70,878
Rs. 19,61,005
Rs. 19,51,047
Rs. 19,41,004
Rs. 19,30,875
Rs. 19,20,660
Rs. 19,10,358
Rs. 18,99,968
Rs. 18,89,489
Rs. 18,78,920
Rs. 18,68,261
Rs. 18,57,511
Rs. 18,46,669
Rs. 18,35,735
Rs. 18,24,707
Rs. 18,13,585
Rs. 18,02,368
Rs. 17,91,055
Rs. 17,79,646
Rs. 17,68,139
Rs. 17,56,534
Rs. 17,44,830
Rs. 17,33,026
Rs. 17,21,121
Rs. 17,09,114
Rs. 16,97,005
Rs. 16,84,792
Rs. 16,72,475
Rs. 16,60,053
Rs. 16,47,525

Interest
Rs. 17,083
Rs. 17,001
Rs. 16,918
Rs. 16,835
Rs. 16,750
Rs. 16,665
Rs. 16,579
Rs. 16,493
Rs. 16,406
Rs. 16,318
Rs. 16,229
Rs. 16,139
Rs. 16,049
Rs. 15,958
Rs. 15,866
Rs. 15,774
Rs. 15,680
Rs. 15,586
Rs. 15,491
Rs. 15,395
Rs. 15,299
Rs. 15,201
Rs. 15,103
Rs. 15,004
Rs. 14,904
Rs. 14,803
Rs. 14,701
Rs. 14,599
Rs. 14,495
Rs. 14,391
Rs. 14,286
Rs. 14,180

Principal
Rs. 9,625
Rs. 9,707
Rs. 9,790
Rs. 9,873
Rs. 9,958
Rs. 10,043
Rs. 10,129
Rs. 10,215
Rs. 10,302
Rs. 10,390
Rs. 10,479
Rs. 10,569
Rs. 10,659
Rs. 10,750
Rs. 10,842
Rs. 10,934
Rs. 11,028
Rs. 11,122
Rs. 11,217
Rs. 11,313
Rs. 11,409
Rs. 11,507
Rs. 11,605
Rs. 11,704
Rs. 11,804
Rs. 11,905
Rs. 12,007
Rs. 12,109
Rs. 12,213
Rs. 12,317
Rs. 12,422
Rs. 12,528

33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78

Rs. 16,47,525
Rs. 16,34,890
Rs. 16,22,147
Rs. 16,09,295
Rs. 15,96,333
Rs. 15,83,260
Rs. 15,70,076
Rs. 15,56,779
Rs. 15,43,368
Rs. 15,29,843
Rs. 15,16,202
Rs. 15,02,445
Rs. 14,88,570
Rs. 14,74,577
Rs. 14,60,464
Rs. 14,46,231
Rs. 14,31,876
Rs. 14,17,399
Rs. 14,02,798
Rs. 13,88,072
Rs. 13,73,220
Rs. 13,58,242
Rs. 13,43,136
Rs. 13,27,901
Rs. 13,12,535
Rs. 12,97,038
Rs. 12,81,409
Rs. 12,65,646
Rs. 12,49,749
Rs. 12,33,716
Rs. 12,17,546
Rs. 12,01,238
Rs. 11,84,791
Rs. 11,68,203
Rs. 11,51,473
Rs. 11,34,600
Rs. 11,17,583
Rs. 11,00,421
Rs. 10,83,112
Rs. 10,65,656
Rs. 10,48,050
Rs. 10,30,294
Rs. 10,12,386
Rs. 9,94,325
Rs. 9,76,110
Rs. 9,57,740

Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708

Rs. 16,34,890
Rs. 16,22,147
Rs. 16,09,295
Rs. 15,96,333
Rs. 15,83,260
Rs. 15,70,076
Rs. 15,56,779
Rs. 15,43,368
Rs. 15,29,843
Rs. 15,16,202
Rs. 15,02,445
Rs. 14,88,570
Rs. 14,74,577
Rs. 14,60,464
Rs. 14,46,231
Rs. 14,31,876
Rs. 14,17,399
Rs. 14,02,798
Rs. 13,88,072
Rs. 13,73,220
Rs. 13,58,242
Rs. 13,43,136
Rs. 13,27,901
Rs. 13,12,535
Rs. 12,97,038
Rs. 12,81,409
Rs. 12,65,646
Rs. 12,49,749
Rs. 12,33,716
Rs. 12,17,546
Rs. 12,01,238
Rs. 11,84,791
Rs. 11,68,203
Rs. 11,51,473
Rs. 11,34,600
Rs. 11,17,583
Rs. 11,00,421
Rs. 10,83,112
Rs. 10,65,656
Rs. 10,48,050
Rs. 10,30,294
Rs. 10,12,386
Rs. 9,94,325
Rs. 9,76,110
Rs. 9,57,740
Rs. 9,39,213

Rs. 14,073
Rs. 13,965
Rs. 13,856
Rs. 13,746
Rs. 13,635
Rs. 13,524
Rs. 13,411
Rs. 13,297
Rs. 13,183
Rs. 13,067
Rs. 12,951
Rs. 12,833
Rs. 12,715
Rs. 12,595
Rs. 12,475
Rs. 12,353
Rs. 12,231
Rs. 12,107
Rs. 11,982
Rs. 11,856
Rs. 11,730
Rs. 11,602
Rs. 11,473
Rs. 11,342
Rs. 11,211
Rs. 11,079
Rs. 10,945
Rs. 10,811
Rs. 10,675
Rs. 10,538
Rs. 10,400
Rs. 10,261
Rs. 10,120
Rs. 9,978
Rs. 9,835
Rs. 9,691
Rs. 9,546
Rs. 9,399
Rs. 9,252
Rs. 9,102
Rs. 8,952
Rs. 8,800
Rs. 8,647
Rs. 8,493
Rs. 8,338
Rs. 8,181

Rs. 12,635
Rs. 12,743
Rs. 12,852
Rs. 12,962
Rs. 13,073
Rs. 13,184
Rs. 13,297
Rs. 13,411
Rs. 13,525
Rs. 13,641
Rs. 13,757
Rs. 13,875
Rs. 13,993
Rs. 14,113
Rs. 14,233
Rs. 14,355
Rs. 14,477
Rs. 14,601
Rs. 14,726
Rs. 14,852
Rs. 14,978
Rs. 15,106
Rs. 15,235
Rs. 15,366
Rs. 15,497
Rs. 15,629
Rs. 15,763
Rs. 15,897
Rs. 16,033
Rs. 16,170
Rs. 16,308
Rs. 16,447
Rs. 16,588
Rs. 16,730
Rs. 16,873
Rs. 17,017
Rs. 17,162
Rs. 17,309
Rs. 17,456
Rs. 17,606
Rs. 17,756
Rs. 17,908
Rs. 18,061
Rs. 18,215
Rs. 18,370
Rs. 18,527

79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
Total:

Rs. 9,39,213
Rs. 9,20,527
Rs. 9,01,682
Rs. 8,82,676
Rs. 8,63,508
Rs. 8,44,176
Rs. 8,24,679
Rs. 8,05,015
Rs. 7,85,183
Rs. 7,65,182
Rs. 7,45,010
Rs. 7,24,666
Rs. 7,04,148
Rs. 6,83,455
Rs. 6,62,585
Rs. 6,41,537
Rs. 6,20,309
Rs. 5,98,899
Rs. 5,77,307
Rs. 5,55,530
Rs. 5,33,567
Rs. 5,11,417
Rs. 4,89,077
Rs. 4,66,547
Rs. 4,43,824
Rs. 4,20,907
Rs. 3,97,794
Rs. 3,74,484
Rs. 3,50,975
Rs. 3,27,265
Rs. 3,03,352
Rs. 2,79,235
Rs. 2,54,912
Rs. 2,30,381
Rs. 2,05,641
Rs. 1,80,690
Rs. 1,55,525
Rs. 1,30,145
Rs. 1,04,549
Rs. 78,734
Rs. 52,699
Rs. 26,441

Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs. 26,708
Rs.
32,04,960

Rs. 9,20,527
Rs. 9,01,682
Rs. 8,82,676
Rs. 8,63,508
Rs. 8,44,176
Rs. 8,24,679
Rs. 8,05,015
Rs. 7,85,183
Rs. 7,65,182
Rs. 7,45,010
Rs. 7,24,666
Rs. 7,04,148
Rs. 6,83,455
Rs. 6,62,585
Rs. 6,41,537
Rs. 6,20,309
Rs. 5,98,899
Rs. 5,77,307
Rs. 5,55,530
Rs. 5,33,567
Rs. 5,11,417
Rs. 4,89,077
Rs. 4,66,547
Rs. 4,43,824
Rs. 4,20,907
Rs. 3,97,794
Rs. 3,74,484
Rs. 3,50,975
Rs. 3,27,265
Rs. 3,03,352
Rs. 2,79,235
Rs. 2,54,912
Rs. 2,30,381
Rs. 2,05,641
Rs. 1,80,690
Rs. 1,55,525
Rs. 1,30,145
Rs. 1,04,549
Rs. 78,734
Rs. 52,699
Rs. 26,441
Rs. -41

Rs. 8,022
Rs. 7,863
Rs. 7,702
Rs. 7,540
Rs. 7,376
Rs. 7,211
Rs. 7,044
Rs. 6,876
Rs. 6,707
Rs. 6,536
Rs. 6,364
Rs. 6,190
Rs. 6,015
Rs. 5,838
Rs. 5,660
Rs. 5,480
Rs. 5,298
Rs. 5,116
Rs. 4,931
Rs. 4,745
Rs. 4,558
Rs. 4,368
Rs. 4,178
Rs. 3,985
Rs. 3,791
Rs. 3,595
Rs. 3,398
Rs. 3,199
Rs. 2,998
Rs. 2,795
Rs. 2,591
Rs. 2,385
Rs. 2,177
Rs. 1,968
Rs. 1,757
Rs. 1,543
Rs. 1,328
Rs. 1,112
Rs. 893
Rs. 673
Rs. 450
Rs. 226
Rs.
12,04,919

Rs. 18,686
Rs. 18,845
Rs. 19,006
Rs. 19,168
Rs. 19,332
Rs. 19,497
Rs. 19,664
Rs. 19,832
Rs. 20,001
Rs. 20,172
Rs. 20,344
Rs. 20,518
Rs. 20,693
Rs. 20,870
Rs. 21,048
Rs. 21,228
Rs. 21,410
Rs. 21,592
Rs. 21,777
Rs. 21,963
Rs. 22,150
Rs. 22,340
Rs. 22,530
Rs. 22,723
Rs. 22,917
Rs. 23,113
Rs. 23,310
Rs. 23,509
Rs. 23,710
Rs. 23,913
Rs. 24,117
Rs. 24,323
Rs. 24,531
Rs. 24,740
Rs. 24,951
Rs. 25,165
Rs. 25,380
Rs. 25,596
Rs. 25,815
Rs. 26,035
Rs. 26,258
Rs. 26,482
Rs.
20,00,041

 Analysis

Considering the following interest rates of 3 different banks, we will opt for the one which has the least
interest rate.
Interests are as follows :1. State Bank of India 10.15 %
2. Canara Bank 10.20 %
3. Kotak Bank 10.25 %
The cumulative of the final amount which we pay at the end of our tenure is more than the principal
because of TIME VALUE OF MONEY, we take into account what will be the future value of the
money at the end of our tenure. Even the interest factor adds up. Therefore, the amount which we pay
the end of our tenure is more than our principal amount.
On calculations we get EMIs as follows :1. State Bank of India 26,597/2. Canara Bank 26,652/3. Kotak Bank 26,708/ Here, we observe that the EMI of State Bank of India is comparatively less than that of others & hence
we will apply for home loan at SBI than that of other banks.

Conclusion
As from the calculated EMIs we find that, if loan taken from SBI is beneficiary because the EMI is
comparatively less because of lesser interest rates.
Therefore, I will apply for a Housing Loan at SBI because of lower interest rates as compared to Canara
Bank & Kotak Bank.