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Loan Cost & Repayment
Fixed vs Reducing Balance Comparison
Same quoted rate par Flat method aur Reducing Balance method mein total interest ka farak dekhein — yeh farak samajhna zaroori hai.
₹
% p.a.
Jo rate lender ne 'flat' quote ki hai
yrs
Flat Method Costs You
+84.7% more interest
Flat Rate Method
EMI
₹11,667
Total Interest
₹2,00,000
Total Payment
₹7,00,000
Reducing Balance Method
EMI
₹10,138
Total Interest
₹1,08,292
Total Payment
₹6,08,292
Yeh flat rate reducing balance mein kitni hai?
8.00% flat rate par jo EMI banti hai, wahi EMI ek true reducing-balance loan par 15.08% p.a. ke barabar hai — yaani flat rate ka asli cost quoted number se kaafi zyada hota hai.
Yeh calculator sirf educational purpose ke liye hai aur financial advice nahi hai. Actual eligibility, rates, aur charges lender ke hisaab se alag ho sakte hain.
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