Flat vs Reducing Rate Calculator
तुलना परिणाम
फ्लैट रेट EMI
₹ 0
रिड्यूसिंग बैलेंस EMI
₹ 0
फ्लैट रेट वास्तव में है
0% Reducing
तुलना: X% का फ्लैट रेट, X%
के रिड्यूसिंग रेट से काफी महंगा होता है।
Flat vs Reducing Interest Rate
Flat Rate: Interest is calculated on the full principal amount for the entire tenure.
Reducing Rate: Interest is calculated only on the outstanding principal balance each month.
Key Takeaway
Always check if a bank is quoting a Flat Rate or Reducing Rate. A 10% Flat Rate is roughly equivalent to an 18% Reducing Rate!