Professional Documents
Culture Documents
Totals
Month Number
EMI
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
2500
5019
7558
10116
12694
15292
17910
20548
23206
25885
28585
31305
34046
36809
39593
42398
45225
48073
50944
53836
18
50000
50000
20
20
2500
2500
9.25
of members)
EMIs)
every month)
Annual)
Bank interest
Till Date
19
39
58
78
98
118
138
158
179
200
220
241
262
284
305
327
349
371
393
415
2519
5058
7616
10194
12792
15410
18048
20706
23385
26085
28805
31546
34309
37093
39898
42725
45573
48444
51336
54251
4251
it amount
cle
4
3000
47000
362
16
5797
52797
2
on)
5000
2500
55297
57797
7797
15.6%
Totals
Month
Number
EMI
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
15000
30116
45348
60697
76165
91752
107460
123288
139238
155312
171509
187831
204279
220853
237556
254387
271348
288439
305663
323019
18
300000
unt
bers
i.e. 1 x no.of members)
Members or EMIs)
hit amount every month)
Regular FD (Annual)
300000
20
20
15000
15000
9.25
116
232
350
468
587
707
828
950
1073
1197
1322
1448
1575
1702
1831
1961
2092
2223
2356
2490
15116
30348
45697
61165
76752
92460
108288
124238
140312
156509
172831
189279
205853
222556
239387
256348
273439
290663
308019
325509
25509
unt of
bank
4
20000
280000
2158
16
34533
nizer commission)
fit
efit
314533
2
30000
15000
329533
344533
44533
14.8%
As per the provisions of the Act, 1st Auction goes to the Company, which is required to be deposited w
Situation I Auction N0 : 2
2. If the borrower subscriber could get success in 2nd auction, situation will be as follows:
2) If the borrower subscriber could get success in 21st auction, situation will be as follows:
Bid amount Rs. : 25,000/Prize Money Rs. : 75,000/Amount to be paid in 500 Days: Rs. : 82,000/Cost of Borrowing Rs. : 7000/Period: : 30 Month
75000 30
= 3.733%
Rate of Borrowing (P.A): 3.733 %
Rate of Borrowing (P.M.):0.311%
Security to be furnished: Bank guarantees, immovable property, assignment of LIC policy.
2) Rate of Return:
1) If the Return subscriber could get success in 3rd auction, situation will be as follows:
Bid amount:Rs. 30,000/Prize Money: Rs. 70,000/3rd Auction Cumulative Actual Investment: Rs. 5500/Dividend Amt: Rs. 500/Period: :50 Month
Dividend Amt
Rate of Return =------------------------------------------- X100
Cumulative Investment
500
= -------------X 100
5500
= 9.090% P.M
Rate of Return (P .M):9.090%
e also the rate of borrowing is on the lower side as compared to other credit options. Let us have an illustration
e as follows:
oney 12month
X ------------------------------------- 50 Month (Chit Duration)
ill be as follows:
ney 12 Month
X --------------------------------- 30 Month
of LIC policy.
s follows:
500000
margin
1
25000
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
25%
0
6250
6250
6250
6250
5000
5000
5000
5000
5000
4000
4000
4000
4000
4000
2000
2000
1000
1000
76000
25000
18750
18750
18750
18750
20000
20000
20000
20000
20000
21000
21000
21000
21000
21000
23000
23000
24000
24000
25000
424000
Serial
Name
Model
CAR COMPARISION
new Price
old Price
Month Year
KM Driven Ad ref
Mobile