Loan Interest Comparison Calculator

How to Use This Calculator

This calculator helps you compare the total interest payable and EMI for loans using Flat Rate vs Reducing Balance Rate methods. Here’s how you can use it:

• Principal Amount (₹): Enter the amount you plan to borrow.
• Annual Interest Rate (%): Input the annual interest rate for the loan.
• Loan Tenure (Years): Specify the duration of the loan in years.

Click on "Calculate" to see the comparison between Flat Rate and Reducing Balance Rate.