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  1. Home
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  5. Loan Comparison Tool

Finance calculator

Loan Comparison Tool

Compare two loan offers and identify the lower-cost option. Enter your details to see an estimate.

Enter your details

Update the values below and select calculate.

Same principal for both offers

Rs.

Interest rate for the first offer

%

Repayment years for the first offer

years

Interest rate for the second offer

%

Repayment years for the second offer

years

Calculation result

Loan A costs ₹32,281 less overall

Better option
Loan A
Potential saving
₹32,281
Loan A EMI
₹12,399
Loan B EMI
₹12,668

Interest cost comparison

₹4,87,828
Loan A interest
₹5,20,109
Loan B interest

Calculation breakdown

Loan A total repayment8.5% for 10 years
₹14,87,828
Loan A interest
₹4,87,828
Loan B total repayment9% for 10 years
₹15,20,109
Loan B interest
₹5,20,109
  • * Compare processing fees and prepayment terms before choosing a lender.

Frequently asked questions

How is loan EMI calculated?

EMI is calculated using the reducing-balance formula based on principal, monthly interest rate, and number of monthly instalments.

Does the EMI include processing fees?

No. Processing fees, insurance, taxes, and lender-specific charges are not included unless your lender adds them to the financed amount.

Before you decide

This calculator provides an estimate. Confirm rates, fees, taxes, and product terms with your provider.