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calculation emi excel diminishing balance method


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Axis bank

Axis bank

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Loan Faqs
Faq

What is a Monthly Reducing Balance? :

In the case of monthly reducing balance method, the principal gets reduced at the end of every month and the interest is calculated on the outstanding principal at the end of the month.
Faq

What is an Annual Reducing Balance? :

In the case of annual reducing balance method, the principal gets reduced at the end of the year and the interest is calculated on the outstanding principal at the end of the year.
Insurance Faqs
Faq

Can I cancel my motor insurance and get a refund during the policy period? :

Yes, you can. But in that case you have to show that your vehicle has been insured elsewhere, or the registration certificate for your vehicle has been legally canceled by the Regional Transport Office (RTO). Once the policy has been canceled, the balance of the premium amount will be refunded to...



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