How Much PM Youth Program Loans Will Cost You....

[Mr Justice]

If calculated in banking way, it is 8% but actually its 39%. Its more leasing a car from bank...... Also, if some one gets 5 lac loan, he has to return Rs:1,94,621 extra. Total amount will be Rs:6,94,621. Remeber, its 'Riba' Interest, and will not get Barkat from Allah in such a transaction.

Nawaz Sharif Loan Schedule
Instalment	Opening Balance	Instalment	Principal	Interest	Closing Balance
1	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
2	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
3	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
4	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
5	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
6	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
7	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
8	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
9	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
10	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
11	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
12	Rs. 2,000,000	Rs. 13,333	Rs. 0	Rs. 13,333	Rs. 2,000,000
13	Rs. 2,000,000	Rs. 31,172	Rs. 17,839	Rs. 13,333	Rs. 1,982,161
14	Rs. 1,982,161	Rs. 31,172	Rs. 17,958	Rs. 13,214	Rs. 1,964,203
15	Rs. 1,964,203	Rs. 31,172	Rs. 18,078	Rs. 13,095	Rs. 1,946,125
16	Rs. 1,946,125	Rs. 31,172	Rs. 18,198	Rs. 12,974	Rs. 1,927,927
17	Rs. 1,927,927	Rs. 31,172	Rs. 18,320	Rs. 12,853	Rs. 1,909,607
18	Rs. 1,909,607	Rs. 31,172	Rs. 18,442	Rs. 12,731	Rs. 1,891,166
19	Rs. 1,891,166	Rs. 31,172	Rs. 18,565	Rs. 12,608	Rs. 1,872,601
20	Rs. 1,872,601	Rs. 31,172	Rs. 18,688	Rs. 12,484	Rs. 1,853,913
21	Rs. 1,853,913	Rs. 31,172	Rs. 18,813	Rs. 12,359	Rs. 1,835,099
22	Rs. 1,835,099	Rs. 31,172	Rs. 18,938	Rs. 12,234	Rs. 1,816,161
23	Rs. 1,816,161	Rs. 31,172	Rs. 19,065	Rs. 12,108	Rs. 1,797,096
24	Rs. 1,797,096	Rs. 31,172	Rs. 19,192	Rs. 11,981	Rs. 1,777,905
25	Rs. 1,777,905	Rs. 31,172	Rs. 19,320	Rs. 11,853	Rs. 1,758,585
26	Rs. 1,758,585	Rs. 31,172	Rs. 19,449	Rs. 11,724	Rs. 1,739,136
27	Rs. 1,739,136	Rs. 31,172	Rs. 19,578	Rs. 11,594	Rs. 1,719,558
28	Rs. 1,719,558	Rs. 31,172	Rs. 19,709	Rs. 11,464	Rs. 1,699,849
29	Rs. 1,699,849	Rs. 31,172	Rs. 19,840	Rs. 11,332	Rs. 1,680,009
30	Rs. 1,680,009	Rs. 31,172	Rs. 19,972	Rs. 11,200	Rs. 1,660,037
31	Rs. 1,660,037	Rs. 31,172	Rs. 20,106	Rs. 11,067	Rs. 1,639,931
32	Rs. 1,639,931	Rs. 31,172	Rs. 20,240	Rs. 10,933	Rs. 1,619,692
33	Rs. 1,619,692	Rs. 31,172	Rs. 20,374	Rs. 10,798	Rs. 1,599,317
34	Rs. 1,599,317	Rs. 31,172	Rs. 20,510	Rs. 10,662	Rs. 1,578,807
35	Rs. 1,578,807	Rs. 31,172	Rs. 20,647	Rs. 10,525	Rs. 1,558,160
36	Rs. 1,558,160	Rs. 31,172	Rs. 20,785	Rs. 10,388	Rs. 1,537,375
37	Rs. 1,537,375	Rs. 31,172	Rs. 20,923	Rs. 10,249	Rs. 1,516,452
38	Rs. 1,516,452	Rs. 31,172	Rs. 21,063	Rs. 10,110	Rs. 1,495,389
39	Rs. 1,495,389	Rs. 31,172	Rs. 21,203	Rs. 9,969	Rs. 1,474,186
40	Rs. 1,474,186	Rs. 31,172	Rs. 21,345	Rs. 9,828	Rs. 1,452,842
41	Rs. 1,452,842	Rs. 31,172	Rs. 21,487	Rs. 9,686	Rs. 1,431,355
42	Rs. 1,431,355	Rs. 31,172	Rs. 21,630	Rs. 9,542	Rs. 1,409,725
43	Rs. 1,409,725	Rs. 31,172	Rs. 21,774	Rs. 9,398	Rs. 1,387,951
44	Rs. 1,387,951	Rs. 31,172	Rs. 21,919	Rs. 9,253	Rs. 1,366,031
45	Rs. 1,366,031	Rs. 31,172	Rs. 22,066	Rs. 9,107	Rs. 1,343,966
46	Rs. 1,343,966	Rs. 31,172	Rs. 22,213	Rs. 8,960	Rs. 1,321,753
47	Rs. 1,321,753	Rs. 31,172	Rs. 22,361	Rs. 8,812	Rs. 1,299,392
48	Rs. 1,299,392	Rs. 31,172	Rs. 22,510	Rs. 8,663	Rs. 1,276,882
49	Rs. 1,276,882	Rs. 31,172	Rs. 22,660	Rs. 8,513	Rs. 1,254,222
50	Rs. 1,254,222	Rs. 31,172	Rs. 22,811	Rs. 8,361	Rs. 1,231,411
51	Rs. 1,231,411	Rs. 31,172	Rs. 22,963	Rs. 8,209	Rs. 1,208,448
52	Rs. 1,208,448	Rs. 31,172	Rs. 23,116	Rs. 8,056	Rs. 1,185,332
53	Rs. 1,185,332	Rs. 31,172	Rs. 23,270	Rs. 7,902	Rs. 1,162,062
54	Rs. 1,162,062	Rs. 31,172	Rs. 23,425	Rs. 7,747	Rs. 1,138,637
55	Rs. 1,138,637	Rs. 31,172	Rs. 23,582	Rs. 7,591	Rs. 1,115,055
56	Rs. 1,115,055	Rs. 31,172	Rs. 23,739	Rs. 7,434	Rs. 1,091,317
57	Rs. 1,091,317	Rs. 31,172	Rs. 23,897	Rs. 7,275	Rs. 1,067,420
58	Rs. 1,067,420	Rs. 31,172	Rs. 24,056	Rs. 7,116	Rs. 1,043,363
59	Rs. 1,043,363	Rs. 31,172	Rs. 24,217	Rs. 6,956	Rs. 1,019,147
60	Rs. 1,019,147	Rs. 31,172	Rs. 24,378	Rs. 6,794	Rs. 994,768
61	Rs. 994,768	Rs. 31,172	Rs. 24,541	Rs. 6,632	Rs. 970,228
62	Rs. 970,228	Rs. 31,172	Rs. 24,704	Rs. 6,468	Rs. 945,524
63	Rs. 945,524	Rs. 31,172	Rs. 24,869	Rs. 6,303	Rs. 920,655
64	Rs. 920,655	Rs. 31,172	Rs. 25,035	Rs. 6,138	Rs. 895,620
65	Rs. 895,620	Rs. 31,172	Rs. 25,202	Rs. 5,971	Rs. 870,418
66	Rs. 870,418	Rs. 31,172	Rs. 25,370	Rs. 5,803	Rs. 845,049
67	Rs. 845,049	Rs. 31,172	Rs. 25,539	Rs. 5,634	Rs. 819,510
68	Rs. 819,510	Rs. 31,172	Rs. 25,709	Rs. 5,463	Rs. 793,801
69	Rs. 793,801	Rs. 31,172	Rs. 25,880	Rs. 5,292	Rs. 767,920
70	Rs. 767,920	Rs. 31,172	Rs. 26,053	Rs. 5,119	Rs. 741,867
71	Rs. 741,867	Rs. 31,172	Rs. 26,227	Rs. 4,946	Rs. 715,641
72	Rs. 715,641	Rs. 31,172	Rs. 26,401	Rs. 4,771	Rs. 689,239
73	Rs. 689,239	Rs. 31,172	Rs. 26,577	Rs. 4,595	Rs. 662,662
74	Rs. 662,662	Rs. 31,172	Rs. 26,755	Rs. 4,418	Rs. 635,907
75	Rs. 635,907	Rs. 31,172	Rs. 26,933	Rs. 4,239	Rs. 608,974
76	Rs. 608,974	Rs. 31,172	Rs. 27,113	Rs. 4,060	Rs. 581,862
77	Rs. 581,862	Rs. 31,172	Rs. 27,293	Rs. 3,879	Rs. 554,568
78	Rs. 554,568	Rs. 31,172	Rs. 27,475	Rs. 3,697	Rs. 527,093
79	Rs. 527,093	Rs. 31,172	Rs. 27,658	Rs. 3,514	Rs. 499,434
80	Rs. 499,434	Rs. 31,172	Rs. 27,843	Rs. 3,330	Rs. 471,592
81	Rs. 471,592	Rs. 31,172	Rs. 28,028	Rs. 3,144	Rs. 443,563
82	Rs. 443,563	Rs. 31,172	Rs. 28,215	Rs. 2,957	Rs. 415,348
83	Rs. 415,348	Rs. 31,172	Rs. 28,403	Rs. 2,769	Rs. 386,944
84	Rs. 386,944	Rs. 31,172	Rs. 28,593	Rs. 2,580	Rs. 358,351
85	Rs. 358,351	Rs. 31,172	Rs. 28,783	Rs. 2,389	Rs. 329,568
86	Rs. 329,568	Rs. 31,172	Rs. 28,975	Rs. 2,197	Rs. 300,593
87	Rs. 300,593	Rs. 31,172	Rs. 29,168	Rs. 2,004	Rs. 271,424
88	Rs. 271,424	Rs. 31,172	Rs. 29,363	Rs. 1,809	Rs. 242,061
89	Rs. 242,061	Rs. 31,172	Rs. 29,559	Rs. 1,614	Rs. 212,503
90	Rs. 212,503	Rs. 31,172	Rs. 29,756	Rs. 1,417	Rs. 182,747
91	Rs. 182,747	Rs. 31,172	Rs. 29,954	Rs. 1,218	Rs. 152,793
92	Rs. 152,793	Rs. 31,172	Rs. 30,154	Rs. 1,019	Rs. 122,639
93	Rs. 122,639	Rs. 31,172	Rs. 30,355	Rs. 818	Rs. 92,284
94	Rs. 92,284	Rs. 31,172	Rs. 30,557	Rs. 615	Rs. 61,727
95	Rs. 61,727	Rs. 31,172	Rs. 30,761	Rs. 412	Rs. 30,966
96	Rs. 30,966	Rs. 31,172	Rs. 30,966	Rs. 206	Rs. -0
Total		Rs. 2,778,484	Rs. 2,000,000	Rs. 778,484

 

[Londoner/Lahori]

It's a freebie, just like yellow cabs or laptops, who would pay back? Noora is just starting to bring the "queen of youth", on stage..
Another ploy by family limited company!!!!!!!!!!!!!!!

 

[tipupk]

Can anyone from Noon League reject or explain it please.?

 

[truthseeker007]

Can anyone from Noon League reject or explain it please.?

R u kidding me tipu,,,,,,,,, you really think nooras are that capable to explain you such workings,,,,,,, if they would have a little bit intelligence tu norra patwari kion hotey..........

 

[uetian]

Oo bhai, it wouldn't cost anything ...
"the winners of the lucky draw" will get the loan, and then disappear ;)

ہر مہینے پندرہ ہزار نوجوانوں کو قرعہ اندازی کے ذریعہ قرضہ دیا جائے گا​

Haram ki schemes ka yaahi haal hota hay.

 

[shahz khan]

I heard for first year there is no Interest but not sure is it true or not bloody who gonna pay bac in 1 year

 

[Mr Justice]

It will be recurring intrest as calculated in my sheet, but there will be no payments in the first year though, but iterest wagon will be carried on to the year 2nd. Also, the interest rate initially set @ 8% will fluctuate and the beneficiary agrees to such a hike.

 

[Baazz]

a very close friend of mine took loan in his last tenure..ended up selling his house..

 

[Mr Justice]

Well, as they are saying there will be teams monitoring the progress and / or the premises of the said buisness, so I am sure with this kind of facility, a lot of 'New' businesses will go banckrupt........

 

[Wadaich]

@Mr Justice May Allah :subhanahu: bless U for siding with HizbUllah and fighting against the follower of Iblees Laaantullah. Remember the lowest level sin which equates Riba is committing Zina with ones own mother.

​

 

[Mr Justice]

@Mr Justice May Allah :subhanahu: bless U for siding with HizbUllah and fighting against the follower of Iblees Laaantullah. Remember the lowest level sin which equates Riba is committing Zina with ones own mother.

Thank you Sir. Indeed, we should look into the dire consequences we will have to face for real. I am just gagged to look at the level on intellect of our scum bag leaders. They have no vision, no clear strategy how to educate and employ youth............rather they are pushing everyone into commiting sin............

 

[Faisal-Saleem]

I did some calculation as well but on yearly basis, I know if its correct or not but whoever going for this loan have to pay a huge amount of money back.

Amount Borrowed	100000.00
Interest Rate	8.00%
No of Years	8.00
No of Total Months	96.00
No of Payment Months	84.00
	If every year interest rate apply on remaining amount
Years	Start of Year	Interest	Yearly Payment	End Year	Remaining Payments
1	100000.00	8000.00	0.00	108000.00	7
2	108000.00	8640.00	16662.86	99977.14	7
3	99977.14	7998.17	17995.89	89979.43	6
4	89979.43	7198.35	19435.56	77742.23	5
5	77742.23	6219.38	20990.40	62971.20	4
6	62971.20	5037.70	22669.63	45339.27	3
7	45339.27	3627.14	24483.20	24483.20	2
8	24483.20	1958.66	26441.86	0.00	1
Total		48679.40	148679.40
	If Interest rate apply on total borrowed money
Years	Start of Year	Interest	Yearly Payment	End Year	Remaining Payments
1	100000.00	8000.00	0.00	108000.00	7
2	108000.00	8000.00	16571.43	99428.57	7
3	99428.57	8000.00	17904.76	89523.81	6
4	89523.81	8000.00	19504.76	78019.05	5
5	78019.05	8000.00	21504.76	64514.29	4
6	64514.29	8000.00	24171.43	48342.86	3
7	48342.86	8000.00	28171.43	28171.43	2
8	28171.43	8000.00	36171.43	0.00	1
Total		64000.00	164000.00