Dear Experts,
I have configured the Loan - IT0045. I want to calculate Interest by fix rate method on Principal amount i.e. Rs.45000/-
Now I am getting Interest by reducing balance method on balance amount.
Scenario is as follows:
Principal: 45000/-
Interest: 10% - Flat/Fix & up to last instalment should be deduction on Rs.45000 principal. Period: 60 Months
Instalment: 750/-
Thanks in advance.
Regards,
Santosh Shivane