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Auto EMI Calculator
Flat Rate Cost
Effective Rate of Interest for given Flat Rate
This tool converts given Flat Rate into Effective Monthly reducing Rate.
The Effective Rate of Interest depends on the quoted Flat Rate and the Tenure of Loan.
Repayment period (years)
Simple(Flat interest rate %)
Processing Charges(% of loan)
The effective rate of interest (monthly reducing) comes out to be
The IRR comes out to be
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