Avyud Finance offers Personal Loan through Canara Bank to individuals for purchase of brand new durable utility articles, home appliances including furniture, medical emergency, paying for a home renovation computers or Laptops, electronic gadgets especially to the staff of corporate bodies and others. Canara Bank offers personal loans of Rs.3 lakh to 50 lakh under the Canara Budget and Canara Teachers Loan schemes.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
To meet genuine personal/domestic needs other than speculative purpose.(Term Loan or Overdraft)
All confirmed employees of:
0.5% of the loan amount subject to a minimum of Rs.1000/- and maximum of Rs.5000/-.
All Retail Borrowers having stress on account of Covid-19 and classified as standard, but not in default for more than 30 days with the Bank as on March 1, 2020 are eligible under the framework
The resolution plans may inter alia include rescheduling of payments, conversion of any interest accrued, or to be accrued, into another credit facility, or granting moratorium, based on an assessment of income streams of the borrower, subject to a maximum of two years.
Resolution under this framework shall be invoked not later than December 31, 2020 and must be implemented within 90 days from the date of invocation.
0.1% of the outstanding loan amount eligible for resolution subject to minimum Rs. 1000/- and Maximum Rs. 10000/-. All other applicable charges to be collected as per extant guidelines.
Note: This content is taken from Canara Bank website
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