✦ Enter your details
Use figures from your loan offer, card statement, purchase offer or financial plan.
Choose whether to enter this value in months or years.
Your result
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Compare flat-rate and reducing-balance borrowing costs.
💡 Important: Compare the total cost, not only the headline EMI.
How it works
Compare flat-rate and reducing-balance borrowing costs.
Before you use the result
1Use figures from your loan offer, card statement, purchase offer or financial plan.
2Include applicable fees and taxes.
3Compare the total cost, not only the headline EMI.
Frequently Asked Questions
Flat vs Reducing Interest Calculator: what is it used for?
Compare flat-rate and reducing-balance borrowing costs.
Are the results guaranteed to match my lender?
No. Results depend on the assumptions and inputs shown. Verify the lender's official documents, fee schedule and applicable tax treatment.
Can I change currency without changing language?
Yes. Currency is independent of language and your selected currency is remembered on this device.
Can I enter tenure in years?
Yes. Use the Months / Years switch beside the tenure field.