Loan Comparison Calculator — Compare 2 Loans Side-by-Side
Confused between two loan offers? Use our Loan Comparison Calculator to enter both loans' principal, interest rate and tenure, and instantly see which one saves you more money over the full term.
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Formula
Each loan's EMI is computed using the standard formula. Total cost = EMI × N. The cheaper loan is the one with the lower total cost.
Example
Loan A: ₹5L @ 9.5% / 5y → Total ₹6.29L Loan B: ₹5L @ 10.5% / 5y → Total ₹6.44L Loan A is cheaper by ₹14,500.
Frequently Asked Questions
Should I always pick the loan with the lower EMI?
Not necessarily — a lower EMI usually means longer tenure and higher total interest. Compare total payment, not just EMI.
What other costs should I compare?
Processing fee, prepayment charges, late-payment penalty and insurance bundling — these can add 0.5%–2% to the effective cost.
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