₹
%
Years
Monthly EMI
₹1,667
Total Interest
₹1,00,000
Total Amount
₹2,00,000
Principal Amount
Total Interest
Flat vs Reducing Comparison
| Particulars | Flat Rate | Reducing Rate |
|---|---|---|
| Monthly EMI | ₹1,667 | ₹1,322 |
| Total Interest | ₹1,00,000 | ₹58,581 |
| Total Amount | ₹2,00,000 | ₹1,58,581 |
You save ₹41,419 in interest by choosing a reducing-balance loan over a flat-rate loan.
Reducing Balance — Year-wise Breakdown
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 Y | ₹6,134 | ₹9,724 | ₹93,866 |
| 2 Y | ₹6,777 | ₹9,082 | ₹87,089 |
| 3 Y | ₹7,486 | ₹8,372 | ₹79,603 |
| 4 Y | ₹8,270 | ₹7,588 | ₹71,333 |
| 5 Y | ₹9,136 | ₹6,722 | ₹62,197 |
| 6 Y | ₹10,093 | ₹5,765 | ₹52,105 |
| 7 Y | ₹11,149 | ₹4,709 | ₹40,955 |
| 8 Y | ₹12,317 | ₹3,541 | ₹28,638 |
| 9 Y | ₹13,607 | ₹2,251 | ₹15,031 |
| 10 Y | ₹15,031 | ₹827 | ₹0 |