AUM Loan Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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For decades, Angul has been recognized as the industrial powerhouse of Odisha. Home to giants like NALCO, MCL, and Jindal Steel, it has always been a hub of economic activity. However, 2025 marks a significant shift: Angul is no longer just a place to work; it has become the premier destination to invest and live.
If you are considering buying property in Odisha, here is why Angul -and specifically the Hulurisingha and Nalco Nagar areas -should be at the top of your list.
The backbone of any real estate market is employment. With the ongoing expansion of local industrial units and the influx of ancillary businesses, thousands of professionals are moving to Angul every year. This “industrial boom” creates a massive, consistent demand for high-quality residential housing that simply didn’t exist a decade ago.
Because of the high concentration of working professionals and corporate executives, the rental market in Angul is incredibly robust. Investors in projects like Aum Om Plaza are seeing rental returns that often outperform those in larger cities like Bhubaneswar. For an investor, this means your property isn’t just an asset – it’s a steady monthly income stream.
The transformation of NH 55 and improved connectivity to the rest of the state has made Angul more accessible than ever. With better roads, upcoming healthcare facilities, and premium educational institutions, the “liveability factor” of the city has skyrocketed. Buying now allows you to enter the market before prices fully reflect these infrastructure upgrades.
The modern homebuyer in Angul is no longer looking for just “four walls.” There is a growing demand for gated communities that offer security, power backup, and lifestyle amenities. This is where Aum Developers comes in. Our flagship project, Aum Om Plaza in Hulurisingha, was designed specifically to bridge this gap, offering 2 & 3 BHK apartments that combine urban luxury with the peace of a gated society.
Real estate is all about timing. As Angul transitions from an industrial town to a modern urban center, the window for high-growth investment is wide open. Whether you are looking for a home for your family or a smart addition to your investment portfolio, the future is being built right here in Angul.
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The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
This amount can only be approximated from the amount of time saved and based on the original loan details.
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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