10% Flat vs 12% Reducing: Kaunsa Loan Sasta? #oolka #creditworthy #creditscore

“Kabhi 12% loan 10% se sasta kaise ho sakta hai?”
Is video mein simple math se samjho flat interest vs reducing balance ka farq.

Example (illustrative):

Loan: ₹10,00,000 | Tenure: 10 saal

10% flat → Interest ≈ ₹10,00,000 → Total ≈ ₹20,00,000

12% reducing → EMI ≈ ₹14,347 | Interest ≈ ₹7,21,651 → Total ≈ ₹17,21,651

Bachat ≈ ₹2.78 lakh less interest (reducing is less than flat)

Why?

Flat rate: poore principal par interest calculate hota rehta hai (effective cost zyada).

Reducing balance: har EMI ke baad principal kam hota hai, isliye interest bhi kam hota chala jata hai (compounding style benefit).

Before you take a loan, poochho:

“Flat rate hai ya reducing balance?”

“Effective Annual Rate (EIR)/APR kya ban rahi hai?”

Processing fees, prepayment rules, tax benefits (Sec 24(b), 80C) bhi compare karo.

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Видео 10% Flat vs 12% Reducing: Kaunsa Loan Sasta? #oolka #creditworthy #creditscore канала Oolka - AI Credit Score LevelUp