About Flat vs Reducing Rate Calculator
In many markets a 10% flat quote is not the same cost as 10% reducing. This page puts monthly payment, total interest, and total paid in two columns, then estimates the reducing APR that matches the flat installment.
Every result is calculated in your browser from the rates and amounts you type. Haivix does not fetch market prices, foreign-exchange rates, tax tables, or lender quotes.
Frequently Asked Questions
Flat-rate interest is charged on the original principal for the full term, even as the balance falls. Reducing-balance interest is charged only on what you still owe.
Because interest does not decline with the outstanding principal. The equivalent reducing rate is often much higher than the advertised flat figure.
Haivix finds the reducing APR whose monthly payment matches the flat-rate installment for the same principal and term.
Use it to compare advertised structures. Confirm the method, fees, and schedule in the actual offer.