Compare EMI Calculations


Compare EMI calculations for 2 interest rates. See how EMI and total interest amount change for different interest rates and the same loan amount and tenure.
Useful when bank interest rates are changes for existing loans.


Loan Parameters
Loan Amount      ₹   
Loan Term       years
EMI Start Date
Interest Rates

Interest Rate 1 %
Interest Rate 2 %




Rate - 10.00%

Loan Amount = ₹ 10,00,000
EMI = ₹ 9,650
Total Interest = ₹ 13,16,052
Total Payments = ₹ 23,16,052
Periods = 240 months
Last EMI Date = 24-May-2037
Check Amortization Table

Rate - 10.50%

Loan Amount = ₹ 10,00,000
EMI = ₹ 9,984
Total Interest = ₹ 13,96,112
Total Payments = ₹ 23,96,112
Periods = 240 months
Last EMI Date = 24-May-2037
Check Amortization Table
EMI Difference
10.00% 10.50%
₹ 9,650 ₹ 9,984

₹ 334

Total Interest Difference
10.00% 10.50%
₹ 13,16,052 ₹ 13,96,112

₹ 80,060

Repayment Chart

Rate - 10.00%

Repayment Chart

Rate - 10.50%


EMI Calculator
Calculate EMI (Equated Monthly Installment) for a fixed rate loan spanned across years with annual and monthly amortization tables.
Loan Amount  ₹ 
Loan Term     years
Interest Rate %



Convert Flat to Reducing Balance Interest Rate
This tool finds the effective interest rate for a flat rate interest loan.
Loan Amount      ₹   
Loan Term       years
Flat Interest Rate %
Flat Rate EMI Calculator
Calculate EMI for a flat rate loan with annual and monthly amortization tables
Loan Amt
Loan Term    years
Flat Rate   %


Flat -vs- Reducing Balance Interest Rate
Check the EMI Calculations for Flat vs Reducing Balance Interest Rate

In Flat Interest Rate loans, interest is calculated on the initial principal amount througout the loan tenure.

In Reducing Balance Interest Rate loans, interest is calculated on the remaining principal amount at any time.

Flat interest rate is normally used by vehicle finance companies.
Loan Amount      ₹   
Loan Term       years
Flat Rate                   %
Reducing Balance Rate %