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 %

Loan Term = 3 Years

Flat Interest Rate - 12.00%

Total Interest = ₹ 36,000

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 %