Advances Interest Calculator

House Building, Motorcar and Motorcycle advances — interest on GP Fund–linked advances, calculated against the official year-wise markup rate.

Advance Details

House Building
Advance Motorcar
Advance Motorcycle
Advance

Name

Personal No.

BPS

GP Fund Interest Applied (advance carries interest)

Amount of Loan (Rs.)

No. of Instalments

Month Loan Taken

Year Loan Taken

Formula: Interest Amount = Amount of Advance × (No. of Instalments + 1) × Rate ÷ 2400, using the markup rate for the financial year (1 July – 30 June) in which the loan was taken.

Interest Statement updates live

Calculation of Interest

Select an advance type and fill in the loan details on the left to see the interest calculation.