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Farm Loan Subsidy Estimator
Compare EMI at the bank rate vs a subsidised APR and estimate total interest relief.
Loan Details
Formulae
Periodic rate r = APR ÷ Npy ÷ 100, n = years × Npy
EMI = P·r·(1+r)^n / [(1+r)^n − 1]
Subsidised APR = max(APR − subvention, 0)
References
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EMI Derivation – IIT Kanpur
Mathematical derivation of the EMI formula
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RBI
Circulars and subvention schemes