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DIMINISHING BALANCE (Monthly Reducing Balance)
Use this simple and easy loan calculator to know the approximate Equated Monthly Installment (EMI) for your desired loan amount and the interest rate.
Note : Do not use commas.
	My Loan Amount is	Rs
	My Loan is for a Period of	Years
	The Interest Rate is	%

The approximate monthly instalment payable is
FLAT INTEREST RATE

	My Loan Amount is	Rs
	The Loan is for a Period of	Years
	The Interest Rate is	%
	The Initial Payment is	Rs

The approximate monthly instalment payable is

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