Commercial Vehicle Loan EMI Calculator by Flat Rate

Loan Summary
Loan start year
Tenure reduced	1 year 1 month
Interest saved	65,000

How extra EMI(s) help?

At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	300,000
1 Extra EMI/ year	5 year ▶ 0 year	270,000 ▶ 30,000
2 Extra EMI/ year	4 year ▶ 1 year	240,000 ▶ 60,000
3 Extra EMI/ year	4 year ▶ 1 year	230,000 ▶ 70,000

How increasing EMI helps?

As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	300,000
Increase EMI by 1%	5 year ▶ 0 year	295,000 ▶ 5,000
Increase EMI by 3%	5 year ▶ 0 year	280,000 ▶ 20,000
Increase EMI by 5%	5 year ▶ 0 year	265,000 ▶ 35,000

How Paying Lumpsum Amount helps?

If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.

Payment	Tenure	Interest
Current	5 year	300,000
Pay 10% in 2nd year	5 year ▶ 0 year	275,000 ▶ 25,000
Pay 20% in 3rd year	5 year ▶ 0 year	245,000 ▶ 55,000
Pay 30% in 4th year	4 year ▶ 1 year	240,000 ▶ 60,000

How to Reduce Interest/ Tenure?

Making early payments towards Principal amount can reduce your Interest and/ or Tenure.

1. How extra EMI(s) help?

At the end of the year, you can pay extra EMIs out of your savings. This extra EMI payment will go towards your Loan Amount and save you on the interest as well as tenure of the loan.

2. How increasing EMI helps?

As your income increases each year, you can get your EMI increased from the bank. This allows you to allocate more funds towards paying off the loan amount and save you on the interest as well as tenure of the loan.

3. How Paying Lumpsum Amount helps?

If you receive unexpected income, such as a bonus or tax refund, consider making a lump-sum payment on your loan. This can help reduce the outstanding loan amount and save you on the interest as well as tenure of the loan.

How to Reduce Interest/ Tenure?

Loan Payment Schedule

Commercial Vehicle Loan EMI by Flat Rate

Calculate Commercial Vehicle Loan EMI by Flat Rate

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Commercial Vehicle Loan EMI Calculator by Flat Rate FAQ