Flat vs Reducing Rate Calculator
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Flat interest rate means the interest rate remains the same throughout the loan tenure. Reducing balance rate means the interest is calculated only on the outstanding loan amount.
Comparison
Flat Rate Schedule
Reducing Rate Schedule
| Parameter | Flat Rate | Reducing Rate |
|---|---|---|
| Monthly EMI | ₹0 | ₹0 |
| Total Interest Payable | ₹0 | ₹0 |
| Total Payment (Principal + Interest) | ₹0 | ₹0 |
Flat Rate EMI Schedule
| Month | Principal | Interest | Total Payment | Remaining Balance |
|---|
Reducing Rate EMI Schedule
| Month | Principal | Interest | Total Payment | Remaining Balance |
|---|