Outstanding loan balance L = value of the loan at time t = 0. The loan is repaid with n payments of Xk at the end of period k. 婆 = outstanding loan balance at the end of period k. If the loan is paid with level payments, that is, Xi = X for all i, then we have L = Xan訴 and 婆 = Xan-k訴= L(1 + i)k- Xsk訴.
What does loan outstanding mean?
Outstanding debt, defined as the total principal as well as interest amount of a debt that has yet to be paid, is of core importance for any company which has used debt financing.
What is outstanding amount in EMI?
It's the amount due now to you by the borrower(s). This includes 3 components: Remaining principal of the loan. Month after month, this amount is decreasing after each installment repaid by the borrower.