An invoice is a bill that requests payment for products or services, detailing what was purchased, its cost and the total amount due.
The actual monthly EMI may vary depending on the financing agency or bank, as certain charges can differ. Based on the provided figures, you can expect a monthly EMI of around ₹48,000.
EMI = P x r x (1+r)^n / (1+r)^n-1
Where:
P is the principal loan amount (₹10,00,000),
r is the monthly interest rate,
n is the loan tenure in months
You can send the invoice using the method that suits you and your customers best. Options include, but are not limited to:
Email
WhatsApp
Other platforms
Self-employed individual
Private limited company
Limited liability partnership firm
Proprietorship firm
Partnership firm
Hindu united family
Trusts and societies