{"id":2077,"date":"2021-01-05T09:04:29","date_gmt":"2021-01-05T05:04:29","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=2077"},"modified":"2021-01-05T09:22:29","modified_gmt":"2021-01-05T05:22:29","slug":"reducing-interest-rate-in-uae","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/","title":{"rendered":"Flat Rate vs Reducing Interest Rate in UAE"},"content":{"rendered":"<h1><span class=\"ez-toc-section\" id=\"How_to_calculate_Flat_Rate_and_Reducing_Interest_Rate_in_UAE\"><\/span>How to calculate Flat Rate and Reducing Interest Rate in UAE?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span style=\"font-weight: 400;\">Banks and financial institutions will offer different types of loans to the customers to fulfil their requirements. But do you any idea about how banks will calculate the interest rate for the different type of loans. Before getting a loan it is important to you to know the interest rate of the loan is calculated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many times, the bank employees will not detail you about conditions and other important things in advance, But only showcase the glossy side of the image. Therefore, it is important to get to know about the insights.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article. we are talking about how banks and financial institutes calculate the rate of interest for different loans. There are two common methods used for calculating interest on loans namely-flat rates and reducing rates.<\/span><\/p>\n<figure id=\"attachment_2078\" aria-describedby=\"caption-attachment-2078\" style=\"width: 483px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2078\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2021\/01\/rate.png\" alt=\"reducing interest rate in uae\" width=\"483\" height=\"483\" \/><figcaption id=\"caption-attachment-2078\" class=\"wp-caption-text\">reducing interest rate in uae<\/figcaption><\/figure>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23350978bfc\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23350978bfc\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#How_to_calculate_Flat_Rate_and_Reducing_Interest_Rate_in_UAE\" >How to calculate Flat Rate and Reducing Interest Rate in UAE?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#What_is_Flat_Rate_of_Interest\" >What is Flat Rate of Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#What_Is_Reducing_Interest_Rate\" >What Is Reducing Interest Rate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#Difference_between_Flat_Interest_Rate_and_Reducing_Balance_Rate\" >Difference between Flat Interest Rate and Reducing Balance Rate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#How_banks_in_UAE_calculate_interest_rate_on_Loans\" >How banks in UAE calculate interest rate on Loans?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#Flat_rate_and_Reducing_Interest_rate_formula\" >Flat rate and Reducing Interest rate formula<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/reducing-interest-rate-in-uae\/#Know_your_Reducing_rate_of_Interest_with_this_reference_table\" >Know your Reducing rate of Interest with this reference table<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<h2><span class=\"ez-toc-section\" id=\"What_is_Flat_Rate_of_Interest\"><\/span><b>What is Flat Rate of Interest?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The flat rate of Interest, In simple words, It is the interest rate that is calculated for a whole loan or principal amount throughout its tenure, where it doesn\u2019t take into account that monthly instalments(EMI) reduce the principal amount. This eventually increases the Effective Interest Rate than the nominal Flat Rate initially quoted.<\/span><\/p>\n<p>Flat rate of interest method is the same in which you calculate EMI on your simple calculator.<\/p>\n<p><span style=\"font-weight: 400;\">For instance, If you apply for a loan amount of AED 100,000 for 5 years with an interest rate at 5%. This means Every year you need pau an Interest of 5% regardless of how much you reduce the loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A total of AED 25000 is paid as a interest to the loan amount(100,000 x 5% = 5,000 and 5,000 x 5 = 25,000).<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Is_Reducing_Interest_Rate\"><\/span><b>What Is Reducing Interest Rate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0A reducing interest rate, In simple words, It is the interest rate calculated every month on the outstanding loan balance. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means, every month you pay and EMI, which includes interest for outstanding loan amount for the month plus principal repayment. On every EMI payment,\u00a0 your outstanding balance decreases by the amount of principal repayment and the next month interest will be calculated on that amount only. hence, the Interest Amount will be reduced.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If we use the same example of applying a loan of AED 100,000 at a 5% reducing balance rate for 5 years tenure.If you pay AED 20,000 each year, the interest for first year would be paying AED 5,000 in interest (100,000 x 5% = 5,000).That means our balance amount is AED 80000(80000*5%)=4000. next year(60000*5%=3,000)and the calculation repeated for next years. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now you to pay AED 15,000 in interest over the five years. <\/span><\/p>\n<blockquote><p><strong>Reducing rate is always better than the flat rate.<\/strong><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">However, you can\u2019t decide your interest rate on your loan, it depends upon the loan you apply. Most probably, For small amounts of loans, the fixed-rate interest is applied like personal loans or car loans. Without any doubt, Reducing rate is best than a flat rate. So Before applying for a loan, It is important to read the small print and not to tempt for the low-interest rate.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Difference_between_Flat_Interest_Rate_and_Reducing_Balance_Rate\"><\/span><b>Difference between Flat Interest Rate and Reducing Balance Rate<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\"> \u00a0 In flat rate, the interest rate is calculated on the principal amount of the loan. While reducing rate, the interest rate is calculated only on the outstanding loan amount on a monthly basis<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 Fixed rates are generally lower than the reducing balance rate. (at the beginning)<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 calculating the flat interest rate is easier as compared to reducing balance rate in which the calculations are quite tricky.\u00a0<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> \u00a0 In practical terms, the reducing rate method is better than the flat rate method.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_banks_in_UAE_calculate_interest_rate_on_Loans\"><\/span>How banks in UAE calculate interest rate on Loans?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All major banks in UAE calculate your loan interest rate on Reducing Rate of Interest Method only. But they might advertise the Flat version of it to make it more attractive for you.<\/p>\n<p>Generally, Personal loan &amp; Car Loan Advertised rates are in Flat rate method., So you need to check your final agreement or loan facility offer letter to know your actual rate of interest.<\/p>\n<p>the simple rule of thumb to convert flat to reducing rate is to multiply the rate with 1.83 for loans up to 48-month tenor.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Flat_rate_and_Reducing_Interest_rate_formula\"><\/span>Flat rate and Reducing Interest rate formula<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>P = Principal Loan Amount<\/li>\n<li>R= Rate of Interest per month<\/li>\n<li>N= Number of Months \/ Repayment Tenor<\/li>\n<\/ul>\n<figure id=\"attachment_2083\" aria-describedby=\"caption-attachment-2083\" style=\"width: 1348px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2083\" src=\"https:\/\/moneymall.ae\/credit-blog\/wp-content\/uploads\/2021\/01\/flat-rate-and-reducing-Interest-Rate-Formula.jpg\" alt=\"flat rate and reducing Interest Rate Formula\" width=\"1348\" height=\"391\" \/><figcaption id=\"caption-attachment-2083\" class=\"wp-caption-text\">flat rate and reducing Interest Rate Formula<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Know_your_Reducing_rate_of_Interest_with_this_reference_table\"><\/span>Know your Reducing rate of Interest with this reference table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table width=\"716\">\n<tbody>\n<tr>\n<td width=\"100\"><\/td>\n<td colspan=\"8\" width=\"616\">Repayment Tenor in Years<\/td>\n<\/tr>\n<tr>\n<td width=\"100\"><\/td>\n<td>4<\/td>\n<td>5<\/td>\n<td>6<\/td>\n<td>7<\/td>\n<td>8<\/td>\n<td>9<\/td>\n<td>10<\/td>\n<td>20<\/td>\n<\/tr>\n<tr>\n<td width=\"100\">Reducing<br \/>\nRate p.a.<\/td>\n<td width=\"77\">Flat<\/td>\n<td width=\"77\">Rates<\/td>\n<td width=\"77\"><\/td>\n<td width=\"77\"><\/td>\n<td width=\"77\"><\/td>\n<td width=\"77\">Flat<\/td>\n<td width=\"77\">Rates<\/td>\n<td width=\"77\"><\/td>\n<\/tr>\n<tr>\n<td>5.0%<\/td>\n<td>2.64%<\/td>\n<td>2.65%<\/td>\n<td>2.66%<\/td>\n<td>2.67%<\/td>\n<td>2.69%<\/td>\n<td>2.71%<\/td>\n<td>2.73%<\/td>\n<td>2.92%<\/td>\n<\/tr>\n<tr>\n<td>5.5%<\/td>\n<td>2.91%<\/td>\n<td>2.92%<\/td>\n<td>2.94%<\/td>\n<td>2.96%<\/td>\n<td>2.98%<\/td>\n<td>3.00%<\/td>\n<td>3.02%<\/td>\n<td>3.25%<\/td>\n<\/tr>\n<tr>\n<td>6.0%<\/td>\n<td>3.18%<\/td>\n<td>3.20%<\/td>\n<td>3.22%<\/td>\n<td>3.24%<\/td>\n<td>3.27%<\/td>\n<td>3.30%<\/td>\n<td>3.32%<\/td>\n<td>3.60%<\/td>\n<\/tr>\n<tr>\n<td>6.5%<\/td>\n<td>3.46%<\/td>\n<td>3.48%<\/td>\n<td>3.51%<\/td>\n<td>3.53%<\/td>\n<td>3.56%<\/td>\n<td>3.59%<\/td>\n<td>3.63%<\/td>\n<td>3.95%<\/td>\n<\/tr>\n<tr>\n<td>7.0%<\/td>\n<td>3.74%<\/td>\n<td>3.76%<\/td>\n<td>3.79%<\/td>\n<td>3.83%<\/td>\n<td>3.86%<\/td>\n<td>3.90%<\/td>\n<td>3.93%<\/td>\n<td>4.30%<\/td>\n<\/tr>\n<tr>\n<td>7.5%<\/td>\n<td>4.01%<\/td>\n<td>4.05%<\/td>\n<td>4.08%<\/td>\n<td>4.12%<\/td>\n<td>4.16%<\/td>\n<td>4.20%<\/td>\n<td>4.24%<\/td>\n<td>4.67%<\/td>\n<\/tr>\n<tr>\n<td>8.0%<\/td>\n<td>4.30%<\/td>\n<td>4.33%<\/td>\n<td>4.37%<\/td>\n<td>4.42%<\/td>\n<td>4.46%<\/td>\n<td>4.51%<\/td>\n<td>4.56%<\/td>\n<td>5.04%<\/td>\n<\/tr>\n<tr>\n<td>8.5%<\/td>\n<td>4.58%<\/td>\n<td>4.62%<\/td>\n<td>4.67%<\/td>\n<td>4.72%<\/td>\n<td>4.77%<\/td>\n<td>4.82%<\/td>\n<td>4.88%<\/td>\n<td>5.41%<\/td>\n<\/tr>\n<tr>\n<td>9.0%<\/td>\n<td>4.86%<\/td>\n<td>4.91%<\/td>\n<td>4.96%<\/td>\n<td>5.02%<\/td>\n<td>5.08%<\/td>\n<td>5.14%<\/td>\n<td>5.20%<\/td>\n<td>5.80%<\/td>\n<\/tr>\n<tr>\n<td>9.5%<\/td>\n<td>5.15%<\/td>\n<td>5.20%<\/td>\n<td>5.26%<\/td>\n<td>5.33%<\/td>\n<td>5.39%<\/td>\n<td>5.46%<\/td>\n<td>5.53%<\/td>\n<td>6.19%<\/td>\n<\/tr>\n<tr>\n<td>10.0%<\/td>\n<td>5.44%<\/td>\n<td>5.50%<\/td>\n<td>5.56%<\/td>\n<td>5.64%<\/td>\n<td>5.71%<\/td>\n<td>5.78%<\/td>\n<td>5.86%<\/td>\n<td>6.58%<\/td>\n<\/tr>\n<tr>\n<td>10.5%<\/td>\n<td>5.72%<\/td>\n<td>5.79%<\/td>\n<td>5.87%<\/td>\n<td>5.95%<\/td>\n<td>6.03%<\/td>\n<td>6.11%<\/td>\n<td>6.19%<\/td>\n<td>6.98%<\/td>\n<\/tr>\n<tr>\n<td>11.0%<\/td>\n<td>6.01%<\/td>\n<td>6.09%<\/td>\n<td>6.17%<\/td>\n<td>6.26%<\/td>\n<td>6.35%<\/td>\n<td>6.44%<\/td>\n<td>6.53%<\/td>\n<td>7.39%<\/td>\n<\/tr>\n<tr>\n<td>11.5%<\/td>\n<td>6.31%<\/td>\n<td>6.39%<\/td>\n<td>6.48%<\/td>\n<td>6.58%<\/td>\n<td>6.68%<\/td>\n<td>6.77%<\/td>\n<td>6.87%<\/td>\n<td>7.80%<\/td>\n<\/tr>\n<tr>\n<td>12.0%<\/td>\n<td>6.60%<\/td>\n<td>6.69%<\/td>\n<td>6.79%<\/td>\n<td>6.90%<\/td>\n<td>7.00%<\/td>\n<td>7.11%<\/td>\n<td>7.22%<\/td>\n<td>8.21%<\/td>\n<\/tr>\n<tr>\n<td>12.5%<\/td>\n<td>6.90%<\/td>\n<td>7.00%<\/td>\n<td>7.11%<\/td>\n<td>7.22%<\/td>\n<td>7.33%<\/td>\n<td>7.45%<\/td>\n<td>7.57%<\/td>\n<td>8.63%<\/td>\n<\/tr>\n<tr>\n<td>13.0%<\/td>\n<td>7.19%<\/td>\n<td>7.30%<\/td>\n<td>7.42%<\/td>\n<td>7.54%<\/td>\n<td>7.67%<\/td>\n<td>7.79%<\/td>\n<td>7.92%<\/td>\n<td>9.06%<\/td>\n<\/tr>\n<tr>\n<td>13.5%<\/td>\n<td>7.49%<\/td>\n<td>7.61%<\/td>\n<td>7.74%<\/td>\n<td>7.87%<\/td>\n<td>8.01%<\/td>\n<td>8.14%<\/td>\n<td>8.27%<\/td>\n<td>9.49%<\/td>\n<\/tr>\n<tr>\n<td>14.0%<\/td>\n<td>7.79%<\/td>\n<td>7.92%<\/td>\n<td>8.06%<\/td>\n<td>8.20%<\/td>\n<td>8.35%<\/td>\n<td>8.49%<\/td>\n<td>8.63%<\/td>\n<td>9.92%<\/td>\n<\/tr>\n<tr>\n<td>14.5%<\/td>\n<td>8.09%<\/td>\n<td>8.23%<\/td>\n<td>8.38%<\/td>\n<td>8.54%<\/td>\n<td>8.69%<\/td>\n<td>8.84%<\/td>\n<td>8.99%<\/td>\n<td>10.36%<\/td>\n<\/tr>\n<tr>\n<td>15.0%<\/td>\n<td>8.40%<\/td>\n<td>8.55%<\/td>\n<td>8.71%<\/td>\n<td>8.87%<\/td>\n<td>9.03%<\/td>\n<td>9.20%<\/td>\n<td>9.36%<\/td>\n<td>10.80%<\/td>\n<\/tr>\n<tr>\n<td>15.5%<\/td>\n<td>8.70%<\/td>\n<td>8.86%<\/td>\n<td>9.03%<\/td>\n<td>9.21%<\/td>\n<td>9.38%<\/td>\n<td>9.56%<\/td>\n<td>9.73%<\/td>\n<td>11.25%<\/td>\n<\/tr>\n<tr>\n<td>16.0%<\/td>\n<td>9.01%<\/td>\n<td>9.18%<\/td>\n<td>9.36%<\/td>\n<td>9.55%<\/td>\n<td>9.73%<\/td>\n<td>9.92%<\/td>\n<td>10.10%<\/td>\n<td>11.70%<\/td>\n<\/tr>\n<tr>\n<td>16.5%<\/td>\n<td>9.32%<\/td>\n<td>9.50%<\/td>\n<td>9.70%<\/td>\n<td>9.89%<\/td>\n<td>10.09%<\/td>\n<td>10.28%<\/td>\n<td>10.48%<\/td>\n<td>12.15%<\/td>\n<\/tr>\n<tr>\n<td>17.0%<\/td>\n<td>9.63%<\/td>\n<td>9.82%<\/td>\n<td>10.03%<\/td>\n<td>10.24%<\/td>\n<td>10.45%<\/td>\n<td>10.65%<\/td>\n<td>10.86%<\/td>\n<td>12.60%<\/td>\n<\/tr>\n<tr>\n<td>17.5%<\/td>\n<td>9.94%<\/td>\n<td>10.15%<\/td>\n<td>10.36%<\/td>\n<td>10.59%<\/td>\n<td>10.81%<\/td>\n<td>11.02%<\/td>\n<td>11.24%<\/td>\n<td>13.06%<\/td>\n<\/tr>\n<tr>\n<td>18.0%<\/td>\n<td>10.25%<\/td>\n<td>10.47%<\/td>\n<td>10.70%<\/td>\n<td>10.94%<\/td>\n<td>11.17%<\/td>\n<td>11.40%<\/td>\n<td>11.62%<\/td>\n<td>13.52%<\/td>\n<\/tr>\n<tr>\n<td>18.5%<\/td>\n<td>10.56%<\/td>\n<td>10.80%<\/td>\n<td>11.04%<\/td>\n<td>11.29%<\/td>\n<td>11.53%<\/td>\n<td>11.77%<\/td>\n<td>12.01%<\/td>\n<td>13.98%<\/td>\n<\/tr>\n<tr>\n<td>19.0%<\/td>\n<td>10.88%<\/td>\n<td>11.13%<\/td>\n<td>11.39%<\/td>\n<td>11.64%<\/td>\n<td>11.90%<\/td>\n<td>12.15%<\/td>\n<td>12.40%<\/td>\n<td>14.45%<\/td>\n<\/tr>\n<tr>\n<td>19.5%<\/td>\n<td>11.20%<\/td>\n<td>11.46%<\/td>\n<td>11.73%<\/td>\n<td>12.00%<\/td>\n<td>12.27%<\/td>\n<td>12.54%<\/td>\n<td>12.79%<\/td>\n<td>14.92%<\/td>\n<\/tr>\n<tr>\n<td>20.0%<\/td>\n<td>11.52%<\/td>\n<td>11.79%<\/td>\n<td>12.08%<\/td>\n<td>12.36%<\/td>\n<td>12.64%<\/td>\n<td>12.92%<\/td>\n<td>13.19%<\/td>\n<td>15.39%<\/td>\n<\/tr>\n<tr>\n<td>20.5%<\/td>\n<td>11.84%<\/td>\n<td>12.13%<\/td>\n<td>12.43%<\/td>\n<td>12.72%<\/td>\n<td>13.02%<\/td>\n<td>13.31%<\/td>\n<td>13.59%<\/td>\n<td>15.86%<\/td>\n<\/tr>\n<tr>\n<td>21.0%<\/td>\n<td>12.16%<\/td>\n<td>12.46%<\/td>\n<td>12.78%<\/td>\n<td>13.09%<\/td>\n<td>13.40%<\/td>\n<td>13.70%<\/td>\n<td>13.99%<\/td>\n<td>16.33%<\/td>\n<\/tr>\n<tr>\n<td>21.5%<\/td>\n<td>12.48%<\/td>\n<td>12.80%<\/td>\n<td>13.13%<\/td>\n<td>13.46%<\/td>\n<td>13.78%<\/td>\n<td>14.09%<\/td>\n<td>14.40%<\/td>\n<td>16.81%<\/td>\n<\/tr>\n<tr>\n<td>22.0%<\/td>\n<td>12.81%<\/td>\n<td>13.14%<\/td>\n<td>13.48%<\/td>\n<td>13.83%<\/td>\n<td>14.16%<\/td>\n<td>14.49%<\/td>\n<td>14.80%<\/td>\n<td>17.28%<\/td>\n<\/tr>\n<tr>\n<td>22.5%<\/td>\n<td>13.13%<\/td>\n<td>13.48%<\/td>\n<td>13.84%<\/td>\n<td>14.20%<\/td>\n<td>14.55%<\/td>\n<td>14.89%<\/td>\n<td>15.21%<\/td>\n<td>17.76%<\/td>\n<\/tr>\n<tr>\n<td>23.0%<\/td>\n<td>13.46%<\/td>\n<td>13.83%<\/td>\n<td>14.20%<\/td>\n<td>14.57%<\/td>\n<td>14.93%<\/td>\n<td>15.29%<\/td>\n<td>15.63%<\/td>\n<td>18.24%<\/td>\n<\/tr>\n<tr>\n<td>23.5%<\/td>\n<td>13.79%<\/td>\n<td>14.17%<\/td>\n<td>14.56%<\/td>\n<td>14.95%<\/td>\n<td>15.32%<\/td>\n<td>15.69%<\/td>\n<td>16.04%<\/td>\n<td>18.73%<\/td>\n<\/tr>\n<tr>\n<td>24.0%<\/td>\n<td>14.12%<\/td>\n<td>14.52%<\/td>\n<td>14.93%<\/td>\n<td>15.33%<\/td>\n<td>15.72%<\/td>\n<td>16.09%<\/td>\n<td>16.46%<\/td>\n<td>19.21%<\/td>\n<\/tr>\n<tr>\n<td>24.5%<\/td>\n<td>14.45%<\/td>\n<td>14.87%<\/td>\n<td>15.29%<\/td>\n<td>15.71%<\/td>\n<td>16.11%<\/td>\n<td>16.50%<\/td>\n<td>16.88%<\/td>\n<td>19.69%<\/td>\n<\/tr>\n<tr>\n<td>25.0%<\/td>\n<td>14.79%<\/td>\n<td>15.22%<\/td>\n<td>15.66%<\/td>\n<td>16.09%<\/td>\n<td>16.51%<\/td>\n<td>16.91%<\/td>\n<td>17.30%<\/td>\n<td>20.18%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to calculate Flat Rate and Reducing Interest Rate in UAE? Banks and financial institutions will offer different types of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[38,76],"tags":[531,529,532,85,528,111,530],"class_list":["post-2077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-how-to","category-banking-terms-dictionary","tag-difference-between-flat-rate-and-reducing-rate","tag-flat-interest-rate","tag-flat-rates","tag-interest-rates","tag-loan","tag-personal-loan","tag-reducing-interest-rate"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/2077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=2077"}],"version-history":[{"count":3,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/2077\/revisions"}],"predecessor-version":[{"id":2084,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/2077\/revisions\/2084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/2083"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=2077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=2077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=2077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}