Flat vs Reducing: Save ₹32L on a ₹50L Loan #oolka #creditworthy #loan

Same loan, same rate, same tenure — phir bhi total payment alag kyon?
Because Flat Interest ≠ Reducing Balance.

Example (rounded):

Loan: ₹50,00,000 • Tenure: 20 years • Rate: 9%

Flat interest: total ≈ ₹1.40 Cr (interest ₹90L)

Reducing balance: total ≈ ₹1.08 Cr (interest ₹58L; EMI ≈ ₹44,986)
Bachat ≈ ₹32L with reducing balance, kyunki har EMI ke baad principal kam hota hai aur interest bache huye amount par lagta hai.

What to do:

Apne agreement me “Flat” ya “Reducing/Amortized” check karo.

Flat dikhe? Switch/balance transfer options compare karo (processing/other fees dekh ke).

Home loans usually reducing hote hain; consumer loans/NBFCs kabhi-kabhi flat quote karte hain—wording dhyaan se padho.
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Видео Flat vs Reducing: Save ₹32L on a ₹50L Loan #oolka #creditworthy #loan канала Oolka - AI Credit Score LevelUp