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Faysal Bank Limited: Installment Calculation Sheet

Hasan Abid is applying for a loan to purchase a 2015 Suzuki Cultus VXR. The total cost of the vehicle is Rs. 1,034,000. Hasan is putting down a 50% down payment of Rs. 517,000 and financing the remaining Rs. 517,000. The loan has a tenor of 3 years at an interest rate of 14.35%. The repayment schedule shows monthly installments of Rs. 17,758 for the first two years and Rs. 17,758 for the third year. Upfront payments include the down payment, first year insurance, documentation charges, and withholding tax for a total of Rs. 576,670. The total repayment amount over the

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Yasir Zahoor
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167 views1 page

Faysal Bank Limited: Installment Calculation Sheet

Hasan Abid is applying for a loan to purchase a 2015 Suzuki Cultus VXR. The total cost of the vehicle is Rs. 1,034,000. Hasan is putting down a 50% down payment of Rs. 517,000 and financing the remaining Rs. 517,000. The loan has a tenor of 3 years at an interest rate of 14.35%. The repayment schedule shows monthly installments of Rs. 17,758 for the first two years and Rs. 17,758 for the third year. Upfront payments include the down payment, first year insurance, documentation charges, and withholding tax for a total of Rs. 576,670. The total repayment amount over the

Uploaded by

Yasir Zahoor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Faysal Bank Limited

INSTALLMENT CALCULATION SHEET

NAME OF APPLs
LOAN REFERENCE #
CNIC
DOB
City
FACILITY TYPE
MAKE & MODEL
YEAR OF MANUFACTURE
TOTAL COST OF VEHICLE
DOWN PAYMENT (IN %age)
DOWN PAYMENT (IN Rs.)
FINANCE AMOUNT
TENOR IN YEARS
I.R.R
FACTOR USED
Ready Delivery/Booking

Hasan Abid
5050
3750
4852
800
2000
2700
2800
3000

Autos
Suzuki Cultus vxr
2015
Rs.1,034,000
50%
Rs.517,000
Rs.517,000
3
14.35%
0.03435
Advance Booking

1.20%
0.6518464133

REPAYMENT SCHEDULE:
YEAR
(**)
(**)
(**)

1
2
3

29.11388878
0.0343478677

Rs.517,000
Rs.36,190
Rs.3,480
Rs.20,000
Rs.576,670

MONTHLY
MONTHLY
TOTAL MONTHLY
INSTALLMENT INS. INSTALMENT
INSTALLMENT
Rs.17,758
Rs.2,714
Rs.20,472
Rs.17,758
Rs.2,563
Rs.20,321
Rs.17,758
Rs.0
Rs.17,758

(**)

Rs.639,288

DANISH

3002176014

(**)

TOTAL

0.3481535867

UP-FRONT PAYMENTS:
(A) DOWN PAYMENT
(B) 1ST YEAR INSURANCE @ 3.50%
(C) DOCUMENTATION CHARGES
(D) FILER / NON-FILER Withholding Tax (*)
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDER

5050
3385
5082.5
800
4750
6475
6270
5650
37462.5

Rs.63,324

Rs.702,612

(*)

Withholding tax of filer/non filer categories paid to the manufacturer is not refundable.

(**)
(**)

Subject to Annual Revision based on Change in the KIBOR rate


This Offer is Subject to Approval of Facility

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