Loan Calculator

Home loans are generally offered for 15-30 years with interest rates ranging from 8-9.5% p.a. These loans are secured against the property being purchased.

• Longer repayment periods (up to 30 years)
• Lower interest rates compared to unsecured loans
• Tax benefits available on principal and interest components

Car loans typically have terms of 3-7 years with interest rates between 9-11% p.a. The vehicle acts as collateral for the loan.

• Medium-term duration (3-7 years)
• Moderate interest rates
• Often includes additional charges like processing fees

Personal loans are unsecured loans with higher interest rates (12-18% p.a.) and shorter terms, typically 1-5 years.

• Shorter repayment periods (1-5 years)
• Higher interest rates due to unsecured nature
• Quick processing and disbursal

Business loans can be secured or unsecured with interest rates ranging from 15-24% p.a. and terms of 1-7 years.

• Variable loan amounts based on business needs
• Can be secured (against business assets) or unsecured
• May require detailed business documentation