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Loan Comparison Calculator

Compare up to 5 loan offers side by side, with expandable amortization schedules.

Runs in your browserNo sign-up required
Loan Offers (up to 5)
Side-by-Side Comparison
LenderMonthly EMITotal InterestTotal Cost
Bank A ₹10,500.93₹1,30,056₹6,30,056
Bank B ₹12,801.69₹1,14,481₹6,14,481

This is an estimate based on standard financial formulas and the numbers you enter — it doesn’t account for every fee, tax rule, or lender-specific term, and isn’t a substitute for advice from a qualified financial professional. Read the full disclaimer.

See the Real Trade-Off Between Offers

Comparing loan offers one at a time makes it easy to miss the actual difference in total cost between them. This tool lays up to 5 offers side by side — monthly EMI, total interest, and total cost — so the genuinely cheaper option is obvious, with a full amortization schedule available for any offer you want to inspect further.

How to Use This Tool

  1. 1Enter each loan offerLender name, loan amount, APR, and term in months — up to 5 at once.
  2. 2Compare the summary tableMonthly EMI, total interest, and total cost, side by side.
  3. 3Expand a schedule for detailSee the year-by-year principal, interest, and remaining balance for any offer.
  4. 4Spot the cheapest optionThe lowest total-cost offer is highlighted automatically.

Good to Know

  • Total cost (principal + total interest) is the number that actually matters for comparing offers — a lower EMI with a longer term can still cost significantly more overall.
  • Two loans with the same EMI can have very different total costs if their terms differ — always check total interest, not just the monthly payment.
  • This works for any loan type — personal, auto, business — since the underlying reducing-balance EMI math is the same regardless of what the loan is for.
  • Amortization schedules are collapsed by default to keep the comparison table clean — expand only the ones you actually want to inspect.

Frequently Asked Questions

Why compare total cost instead of just the monthly EMI?

A lower monthly payment often comes from a longer loan term, which usually means paying more in total interest over the life of the loan — total cost captures the real price of borrowing, not just what fits your monthly budget.

Can I compare loans with different terms fairly?

Yes — the comparison shows total interest and total cost for each loan's own term, which is exactly what lets you compare a 3-year loan against a 5-year loan on equal footing.

How is EMI calculated?

Using the standard reducing-balance formula — the same method banks use, where each payment covers that month's interest on the remaining balance plus a portion of principal.

Is this different from the EMI Calculator?

The EMI Calculator is built for working through one loan in detail. This tool is built specifically for putting multiple offers side by side to decide between them.