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Total interest is the extra amount you pay to the lender beyond the principal (loan amount). Total payment is the sum of the principal and total interest. For example, if you borrow 1,000,000 and pay 300,000 in interest, your total payment is 1,300,000.

SIP (Systematic Investment Plan) allows you to invest a fixed amount regularly (usually monthly) in mutual funds. Your investment grows through the power of compounding, where returns generated earn further returns. The future value is calculated based on your monthly investment, expected rate of return, and investment period.

Step-up SIP allows you to increase your monthly investment amount by a fixed percentage each year. This helps you invest more as your income grows and can significantly boost your wealth creation over the long term. For example, if you start with 5,000 per month with a 10% annual step-up, it becomes 5,500 in year 2, 6,050 in year 3, and so on.

SIP involves investing a fixed amount regularly over time, which helps average out market volatility. Lumpsum is a one-time investment of a large amount. SIP is suitable for regular savers and reduces timing risk, while lumpsum can give higher returns if invested at the right time. Both have their advantages depending on your financial situation and market conditions.

No. Investment returns are market-linked and subject to market risks. The calculators provide estimates based on the expected return rate you input. Actual returns may be higher or lower. For loans, the EMI calculations are accurate based on the interest rate and tenure, but always verify with your lender. These tools are for informational purposes only.