Finance Calculators
"Plan Smarter, Achieve Faster – Your Go-To Finance Calculator for Loans and Beyond!"
Flat vs Reducing Rate Calculator
Interest is a part of the loan amount that is paid to the lender in addition to the principal amount. Loan interest rates are calculated in a similar manner by various banks.
₹12,41,000
10%
12 Months
Flat interest rate
Monthly EMI: ₹113758
Total interest: ₹124100
Total amount: ₹1365100
Reducing balance interest rate
Monthly EMI: ₹109104
Total interest: ₹68243
Total amount: ₹1309243
