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Bank can ask for a collateral security deposit also on the loan amount. 4. Stone Crusher Plant Machines & Raw Materials. Stone crusher plant machinery depends on the feed size of the stone, the desired product size, and the size of the crusher used. Following are the generally required machinery. Jaw crusher and granulator
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Where: P: Principal amount (the total amount borrowed); r: Monthly interest rate (annual interest rate divided by 12); n: Number of monthly instalments (tenure); Example of amortisation Schedule. Let's consider an example where you borrow ₹1,000,000 for machinery at an annual interest rate of 12%, with a loan tenure of 3 years (36 months).
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