POSTED BY August 24, 2012 7:14 pm COMMENTS (3)ON
I had applied for Home Loan of 3500000+Insurance, so Total sanctioned load amount is 3578000/-. for 15 years with 10.4%. I opted for full EMI payment.
As per saction letter i need to pay EMI of Rs. 41187. How do they come to this figure ?
If i go to any EMI calculator online, it calculates EMI to Rs 39330. Why there is difference?
Please help me to understand how SBI comes to magic figure of 41187. Is there any service tax ??