What is Flat Rate EMI?

In a Flat Rate Loan, the interest is calculated on the entire loan amount throughout the loan period, without reducing the principal every month.
So, even though you are paying back principal every month, the interest is still charged on the original loan amount.

This method is commonly used in personal loans, business loans, and vehicle loans offered by NBFCs and small lenders.

Flat Rate EMI Calculator – Calculate Simple Interest Loans Easily

Flat Rate EMI Formula:

EMI=(P+(P×R×T)/100)T×12EMI = \frac{(P + (P \times R \times T) / 100)}{T \times 12}

EMI=T×12(P+(P×R×T)/100)

Where:

• P = Principal loan amount

• R = Annual interest rate (flat)

• T = Loan tenure in years

The Flat Rate Loan EMI Calculator helps you estimate your monthly payment, total interest, and full repayment amount for personal or business loans.
This calculator uses the Flat Rate Method, where interest is charged on the total loan amount for the entire loan term.

Ideal for:

• Personal Loans

• Business Loans

• Two-wheeler / Vehicle Loans

• Microfinance Loans

Features:
 Instant EMI & Interest Calculation
 Monthly Payment Schedule Table
Accurate Flat Rate Computation
Mobile & Desktop Responsive

Try it now and plan your loan repayment better with WinTechGuru Financial Services.