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 = 20-October-2038
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 = 20-October-2038
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 %

Compare EMI Calculations

Loan Parameters

Interest Rates

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 = 20-October-2038

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 = 20-October-2038

EMI Difference

₹ 334

Total Interest Difference

₹ 80,060

Repayment Chart

Rate - 10.00%

Repayment Chart

Rate - 10.50%

EMI Calculator

Convert Flat to Reducing Balance Interest Rate

Flat Rate EMI Calculator

Flat -vs- Reducing Balance Interest Rate