# Flat Rate EMI Calculator

For a loan tenure of 3 years with flat interest rate of 12.00% , the total interest amount is ₹36,000 .

##### Loan Parameters
 Loan Amount      ₹ Loan Term       years Flat Interest Rate %

### Total Repayment = ₹ 136,000

##### Repayment Table
Year Total Payment Interest Principal
1 ₹ 45,333 ₹ 12,000 ₹ 33,333
 August-2017 3,778 1,000 2,778 September-2017 3,778 1,000 2,778 October-2017 3,778 1,000 2,778 November-2017 3,778 1,000 2,778 December-2017 3,778 1,000 2,778 January-2018 3,778 1,000 2,778 February-2018 3,778 1,000 2,778 March-2018 3,778 1,000 2,778 April-2018 3,778 1,000 2,778 May-2018 3,778 1,000 2,778 June-2018 3,778 1,000 2,778 July-2018 3,778 1,000 2,778
2 ₹ 45,333 ₹ 12,000 ₹ 33,333
 August-2018 3,778 1,000 2,778 September-2018 3,778 1,000 2,778 October-2018 3,778 1,000 2,778 November-2018 3,778 1,000 2,778 December-2018 3,778 1,000 2,778 January-2019 3,778 1,000 2,778 February-2019 3,778 1,000 2,778 March-2019 3,778 1,000 2,778 April-2019 3,778 1,000 2,778 May-2019 3,778 1,000 2,778 June-2019 3,778 1,000 2,778 July-2019 3,778 1,000 2,778
3 ₹ 45,333 ₹ 12,000 ₹ 33,333
 August-2019 3,778 1,000 2,778 September-2019 3,778 1,000 2,778 October-2019 3,778 1,000 2,778 November-2019 3,778 1,000 2,778 December-2019 3,778 1,000 2,778 January-2020 3,778 1,000 2,778 February-2020 3,778 1,000 2,778 March-2020 3,778 1,000 2,778 April-2020 3,778 1,000 2,778 May-2020 3,778 1,000 2,778 June-2020 3,778 1,000 2,778 July-2020 3,778 1,000 2,778

##### 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 %
##### 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 %
##### 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 Amount  ₹ Loan Term     years Interest Rate 1 % Interest Rate 2 %