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Important: Flat rate is calculated on the original principal for the full tenure. Reducing balance interest is calculated on the outstanding principal.
Indicative comparison
Flat-rate EMI₹18,056
Reducing-balance EMI₹16,134
Flat-rate total interest₹1,50,000
Reducing total interest₹80,809
Flat total repayment₹6,50,000
Reducing total repayment₹5,80,809
Approx. effective annual cost of flat-rate EMI19.46%
Indicative illustration only: Actual lender calculations may include processing fees, insurance, taxes, daily interest, rounding, advance EMI or other charges. Review the lender's Key Facts Statement and repayment schedule before proceeding.