@extends('layouts.frontend') @section('js_after') @endsection @section('content')
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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
@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

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
@endsection