Under flexi loan with ZMC, if the loan amount & the balance in current a/c equals, it is deemed interest free.
however, ZMC means the fees/charges for loan being borne by the bank.
so, under the 'loan amount = balance in current a/c' circumstance, how do we determine that the bank has borne the fees/charges for the loan?
Is the % of interest (BLR-X%) which the bank charge inclusive of a sum of money (for the legal fees of the loan @ maybe prescribed in the form of %) on top of the interest on the loan?
If it is, can we construe that if: 'loan amount = balance in current a/c, then legal fees on loan = free?