Assalam o Alaikum
Today I visited SMEDA website to get loan details and facts, what I found want to share with you. If I am wrong please guide and correct me??..
As per Loan Repayment template if someone get loan of 2000000 (20 Lac), he has to return
Rs. 2,778,484 means Rs. 778,484 extra. This extra payment is 38.9% or 39% of the loan amount.
Monthly installment is approximately Rs: 31000 to Rs: 32000.