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| Interest | 3 Years | 5 Years | 7 Years |
|---|---|---|---|
| 10% | ₹16,134 | ₹10,624 | ₹8,301 |
| 12% | ₹16,607 | ₹11,122 | ₹8,841 |
| 14% | ₹17,090 | ₹11,634 | ₹8,960 |
At 12% for 5 years: EMI ₹11,122 × 60 months = ₹6,67,320. Interest = ₹1,67,320. You pay ₹1.67 lakh extra as interest.
Shorter tenure = less interest paid. Choose 3 years if you can afford ₹16,607 EMI.
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All calculations use standard financial formulas. SIP returns use compound interest formula: FV = PMT × [((1+r)^n - 1) / r]. EMI uses: EMI = P × r × (1+r)^n / [(1+r)^n - 1]. Tax calculations follow Income Tax Act provisions for the current assessment year. Insurance premiums are indicative market averages.
Sources: RBI, SEBI, Income Tax Department of India, CIBIL, IRDA, LIC of India. Data verified as of Aug 2026.
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Disclaimer: This website provides general educational information only and does not provide personalized investment advice or recommendations. Financial decisions should be made after considering individual circumstances and consulting a qualified professional where appropriate. Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing. Past performance does not guarantee future results.