Loan Comparison Calculator
Compare two loan offers side by side — EMI, interest and true total cost.
A ‘lower rate’ isn’t always cheaper: on a ₹50 lakh 20-year loan, 8.75% with a ₹10,000 fee beats 9.0% with zero fee by roughly ₹1.9 lakh in total. But a shorter tenure at a slightly higher rate can beat both — compare total cost, never just the rate.
How to use the loan comparison calculator
- Enter the loan amount.
- Fill in both offers’ rates, fees and tenures.
- See which offer truly costs less.
Loan Comparison Calculator — FAQs
What should I compare besides the interest rate?
Processing fees, prepayment charges, tenure flexibility, and whether the rate is fixed or floating. Total cost over the full tenure is the only fair comparison.
Is a lower EMI always better?
No — a lower EMI from a longer tenure means far more total interest. Compare total payable, not monthly comfort.
Fixed or floating — which offer is better?
Floating rates are usually 0.25–0.5% cheaper initially but can rise. Fixed suits those who need payment certainty.
Do processing fees matter much?
On big long loans, a 1% fee (₹50,000 on ₹50 lakh) can wipe out a small rate advantage. Always include fees in the comparison.
Keep exploring
People who used this also opened:
EMI Calculator →
Work out your exact monthly EMI for any home, car or personal loan.
loansHome Loan Balance Transfer Calculator →
See if moving your home loan to a lower rate is worth the fees.
loansPersonal Loan Calculator →
Check what a personal loan really costs — EMI, interest and full schedule — before you borrow.
loansMortgage Calculator →
Estimate monthly home loan payments, total interest and the payoff timeline.