Lease & Loan Calculator
Enter the flat rate a dealer quotes you — see what it really costs as a reducing-balance rate, and compare.
Home loan EMI — private bank (reducing) vs state bank (equal capital).
Fixed deposit returns with WHT — monthly payout or at-maturity.
Foreign currency to LKR with your bank's own rate — no live feed, no surprises.
Questions
A flat rate charges interest on the full loan amount for the whole tenure — even after you've repaid half of it. A reducing rate charges interest only on the balance you still owe. A 12% flat rate costs about the same as a 20% reducing rate.
Because the number looks smaller. Quoting 11% flat sounds cheaper than 19% reducing, even though the monthly payment is nearly identical. This calculator shows the true rate so you can compare offers fairly.
No — enter the financed amount (vehicle price minus your down payment), since interest is charged on what you borrow, not the sticker price.
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