Loan Chart

General Description:
Header Fields Description:
Detail Fields Description:
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General Description:

The Loan Chart screen is used for maintaining Loan chart details that are of importance to an organisation. Loan Chart consists of two parts, Chart Master and Chart Detail. Chart Master contains information like "Loan Chart Name", "Effective From Date" and "Effective To Date". Chart Detail specifies the Equal Monthly installment to be paid in case a specific amount is taken as loan.

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Header Fields Description:

Chart Name Uniquely defines a Loan Chart.

Effective From Date Date from which the chart has become effective.

Effective To Date Date up to, which the chart will be effective.

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Detail Fields Description:

Loan Amount Indicative Loan amount for which the EMI is given.

Number of Instalments For a Loan Amount, this field indicates the number of installments in which the loan has to be paid back.

Principal Amount Indicates the Principal part paid back per installment.

Interest Amount Indicates the Interest part paid back per installment.

Equal Monthly Instalment For a given loan amount, this field indicates the amount of money to be paid pack per installment.

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