Dr. Sarika.R. Lohana

ABSTRACT

We are very much aware about banking functions; one among them is assessing loans. Loan Products are marketed by both Public and Private. Loan Products of Private banks are highly appreciable and accepted in the market. It is found that these products are designed according to the consumer needs. But do the consumers are aware about the amount which they are paying to the banks and how it is calculated and how much interest and principle amount they are paying against EMI. This paper deals with the Empirical study of Equated Annually Installments and Equal Monthly Installments and also to find out the methods used by the bank for calculating it. Using the Practical application of Capital Recovery Factor in the study and to calculate the EMI of Loan provided by the ICICI Bank with an Impact of CRR on the Interest rate of Bank. This study is mirror which shows the clear picture about the EMI and EAI.