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What is Loan Payment Statement Summary about?

The document is a loan statement for DS Engineering from HDFC Bank Ltd, detailing a commercial equipment loan for a Bobcat S450 skid steer from November 19, 2018, to April 11, 2022. The total amount financed was ₹1,278,000 with a fixed interest rate of 11.01%, and the principal outstanding at the end of the statement period was ₹224,722.41. Throughout the statement period, a total of ₹1,331,720 was paid, including principal and interest.

Author

Dhaneswsr Sahoo

Language

EN