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| Loan Amount | 3 Years (12%) | 5 Years (12%) | 7 Years (14%) |
|---|---|---|---|
| ₹1 Lakh | ₹3,321 | ₹2,224 | ₹1,792 |
| ₹3 Lakh | ₹9,963 | ₹6,673 | ₹5,376 |
| ₹5 Lakh | ₹16,607 | ₹11,122 | ₹8,960 |
| ₹10 Lakh | ₹33,214 | ₹22,244 | ₹17,920 |
Personal loans have higher interest rates (10-18%) than home or car loans. Only take when necessary.
Calculate: EMI Calculator
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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.