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@php
$tenure=$period*12;
$roi=($rate_of_interest/100)/12;
$memi=($roi*$loan_amount)/(1-pow(1+$roi,-$tenure));
$ip=($memi*$tenure)-$loan_amount;
$tr=$loan_amount+$ip;
@endphp
* It is assumed that EMI payment starts at the end of 1st month from the date of loan.
* Mutual fund investments are subject to marker risks, read all scheme related documents carefully.
* Returns are not guaranteed. The above is for illustration purpose only.
@include('frontend.calculators.suggested.output') Back Save Download / Print
EMI Vs. SIP Planning @if(isset($clientname) && !empty($clientname)) For {{$clientname?$clientname:''}} @else @endif
Loan Amount | ₹ {{custome_money_format($loan_amount)}} |
Rate of Interest | {{$rate_of_interest?custome_money_format($rate_of_interest):0}} % |
Tenure | {{$period?$period:0}} Years |
Monthly EMI
₹ {{custome_money_format($memi)}}
Principal Repayment | ₹ {{custome_money_format($loan_amount)}} |
Interest Payment | ₹ {{custome_money_format($ip)}} |
Total Repayment | ₹ {{custome_money_format($tr)}} |
Monthly SIP Required @ {{number_format($expected_return_sip,2)}}%
@php $mrs=pow((1+$expected_return_sip/100),(1/12))-1; $msr=($tr*$mrs)/((1+$mrs)*(pow(1+$mrs,$tenure)-1)); @endphp₹ {{custome_money_format($msr)}}
If you do an SIP for ₹ {{custome_money_format($msr)}} ,ie., {{number_format($msr/$memi*100,2)}}% of the EMI amount, you will recover the full amount of EMI paid by you.
* It is assumed that Rate of Interest on Loan Amount is compounded monthly.* It is assumed that EMI payment starts at the end of 1st month from the date of loan.
* Mutual fund investments are subject to marker risks, read all scheme related documents carefully.
* Returns are not guaranteed. The above is for illustration purpose only.
@include('frontend.calculators.suggested.output') Back Save Download / Print