Loan Comparison Calculator
Compare two loan offers side by side.
- Loan 1 interest₹27.07 L
- Loan 2 interest₹20.64 L
Comparison covers EMI and interest only. Processing fees, insurance and prepayment terms also matter — check the loan letter.
How it works
Enter both offers with the same loan amount. We compute the EMI and lifetime interest for each using the reducing-balance method, then highlight the offer that costs less overall.
Example
A slightly higher rate with a shorter tenure often beats a lower rate stretched over many extra years — because you pay interest for fewer months.
FAQs
Lower EMI or lower interest — what matters?
Total interest decides the true cost. A lower EMI from a longer tenure usually means much higher total interest.
Does tenure matter more than rate?
Often yes. Cutting 5 years off a home loan can save more than a 0.5% lower rate. Compare total interest, not just EMI.
What else should I compare?
Processing fees, insurance bundling, prepayment charges, and whether the rate is fixed or floating.