CLUB ACTIVITY

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CLUB ACTIVITY
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  • A customer enters the bank for taking a loan.
  • Sir can i get a loan from your bank
  • Yes, you can get a loan upto one lakh ruppes at the Compound Interest of 20%p.a.
  • He gives all the details asked by the bank manager.
  • I want to get a loan of 100000 Ruppes for 1 year
  • Ok first we have to get some of your details like of your Aadhar Card NO etc.
  • He takes the loan amount and goes back home.
  • Here take my Aadhar Card, Voter ID, passport , Driving License, ration Card, Utility Bills, bank Account statement and Salary Slips. 
  • Thanks for the loan i will come after 1 year and return the money with 20% percent compound interest per annum.
  • I have checked all your details . They are correct here take your 100000 ruppees.pls return the loan amount after 1 year with interest
  • Thanks. give me a minute let me check it
  • After 1 year he gets ready for giving the loan amount with interest
  • Oh! 1 year is over I have to go and return the loan amount with interest of 20% per annum.
  • So 20% percent compound interest for 100000 is 20000.So i need to take 120000 and go to the bank.
  • He enters the bank and gives the loan amount to the manager.
  • Hello I am Xavier. I am here to return my loan amount.
  • Oh hello let me check the loan list .  Yes you had taken 1 lakh loan for 1 year at 20% percent per annum .So now you need to pay 1 lakh 20 thousand ruppees.
  • He leaves the bank after handing over the amount.
  • Here take the loan amount with interest. You can have a look to check if the amount is correct.
  • I have taken a look it is the perfect amount. If you want a loan again come to are bank.
  • Bye. If I would ever need a loan again I will come to your bank.
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