Loan Interest Calculator
Calculate the total interest cost on any loan. Compare reducing balance (standard bank method) vs flat rate to understand the true cost of borrowing.
How to use
- Enter loan amount, annual interest rate, and tenure.
- Choose Reducing Balance (used by most banks) or Flat Rate.
- Reducing Balance calculates interest on outstanding balance each month.
- Flat Rate calculates interest on the original principal – costs more.
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Disclaimer: Results are estimates for informational purposes only and do not constitute financial, tax, or investment advice. Figures may vary based on actual terms. Always consult a qualified financial advisor before making financial decisions.