Loan Comparison
Compare loans side by side.
- Monthly EMI
- ₹20,758
- Total interest
- ₹2,45,501
- Total payable
- ₹12,45,501
- Monthly EMI
- ₹20,517
- Total interest
- ₹2,30,992
- Total payable
- ₹12,30,992
Loan B costs the least overall — about ₹14,509 less in total payable than the most expensive option shown.
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This weighs headline EMI and interest only — it leaves out processing fees, insurance and prepayment charges, so the lowest EMI isn't always the cheapest loan. Compare offers on a reducing-balance basis and confirm the all-in cost with each lender. Not financial advice. Read our full disclaimer.
About this tool
Two loans with the same amount can cost very different totals once the interest rate and tenure differ. This tool runs each offer through the standard EMI formula and lines them up so you can compare the monthly instalment, the total interest, and the total payable at a glance — the cheapest option is highlighted for you.
Example
A ₹10,00,000 loan at 9% for 5 years (EMI ≈ ₹20,758) costs more in total than the same amount at 8.5% for 5 years (EMI ≈ ₹20,517) — the tool flags the cheaper one and the total saved.
How to use
- 1Enter the amount, interest rate, and tenure for the first loan.
- 2Fill in the second loan (add up to four to compare more offers).
- 3Read each loan's EMI, total interest, and total payable side by side.
- 4The lowest-cost loan overall is highlighted automatically.
Features
- Line up two to four offers side by side.
- EMI, total interest, and total payable for every offer.
- The lowest total-cost loan is highlighted for you.
Frequently asked questions
Which loan does it call the cheapest?
The one with the lowest total payable (principal plus all interest over the full tenure), not just the lowest EMI — a smaller EMI over a longer tenure can still cost more overall.
Does this include processing fees or insurance?
No. It compares the pure EMI and interest cost. Real offers may add processing fees, insurance, or a different compounding method, so confirm the final figures with each lender.
Is this financial advice?
No — it compares offers for information only, it isn't advice. Real costs shift once processing fees and insurance are added, so check the final numbers with each lender. See our Disclaimer.
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