Villagers Co-op Loan Tracker

Portfolio

Where you stand

Every penny paid

To principal (kills the loan) Interest & penalty (gone) Deposits & fund

What-if

Payment per day (₹)

Interest rate (%/yr)

Total principal owed (₹)

If it stays 100% interest

Never clears

If surplus hits principal

Loan accounts

Tap Edit to fill a receipt · est = placeholder

Ledger

Account

Date

Total paid (₹)

→ Loan interest

→ Penal interest

→ Loan principal

→ Comp. deposit

→ Benevolent fund

Date	Account	Total	Interest	Penal	Principal	Deposit	Fund

Read this

Rate ≈ 16%/year (~1.33%/month) on the outstanding balance. Proof: on A/c 2611 the first interest of ₹1,184 = ₹3,00,000 × 16% × ~9 days; a full month later interest was ₹3,999 ≈ ₹3,00,000 × 16% ÷ 12 = ₹4,000.
Order of application: penal → overdue interest → current interest → then principal (RL). If the interest backlog exceeds your payment, ₹0 reaches principal — exactly what happened on 07/08 & 08/08.
OverDue = installments past due date. Penal (Pint) is extra charge on that — pure waste. Pay on time to zero it.
RL cross-check: a receipt's balance should equal original − principal paid. Each card flags ✓/✗ so you catch errors to the rupee.
SM / CD / OD = your money held as security (share money, compulsory & optional deposits) — recoverable, not lost.