Received a Long term bank loan and issued 60 PDC cheques (monhly Installments) against loan with interest on the date when loan received. Jrnl entry?

1st when you receive the fund-

Bank A/c (Dr.) Asset

To Secure/ Unsecured Loan (Cr.) Liablity

When you release60 PC to the bank-

Prepaid Loan Term Loan (Dr.) Asset

TO PDC issued (Cr.) Liability

When the cheque is realized for each month on the realization date you will pass

PDC issued (Dr.) Liablity 

To Bank (Cr. ) Asset

Every month you will pass a JV 

Secured/ Unsecured loan (Dr.)

Interest on Loan  (Dr.) Expenses

To Prepaid Loan Term Loan

i want to apply for this loan tell me what is the procedure.

[ Entry when you get the Loan]

Bank A/C   Dr

Loand A/C Cr

Assets- Bank A/C

Liabilities- Loan A/C

[Entry when you start paying EMI]

Loan A/C Dr.

Bank A/C Cr.