Convert Flat Interest Rate to Reducing Balance Interest Rate

This tool finds the effective interest rate for a flat rate interest loan.

For a loan tenure of 3 years, flat interest rate of 12.00% is approximately equals to 21.20% of reducing balance interest rate.

For a loan amount of 1,00,000 with a flat rate of 12.00% or reducing balance interest rate of 21.20%, total interest payment during 3 years is ₹36,000.

Loan Parameters

Loan Amount ₹

Loan Term years

Flat Interest Rate %

Loan Term = 3 Years

Flat Interest Rate - 12.00%

Effective Interest Rate = 21.20%

Total Interest = ₹ 36,000

Total Repayment = ₹ 136,000

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 %

Flat -vs- Reducing Balance Interest Rate

Check the EMI Calculations for Flat vs Reducing Balance Interest Rate

Loan Amount ₹

Loan Term years

Flat Rate %

Reducing Balance 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 %

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 %

EMI Moratorium Calculations

Compare Calculations after EMI Moratorium. Use these calculations to get approximate picture of the impact of EMI Diferment.

Loan Amount ₹

Loan Term months

Interest Rate %

Moratorium Period months

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 %