Loans
Loan Comparison Calculator
Compares two loan offers for the same amount — different rate and/or tenure — side by side.
Your details
₹
%
yrs
%
yrs
Offer A total interest
₹27,06,939
Offer A EMI
₹21,696
Offer B EMI
₹25,357
Offer B total interest
₹20,64,200
Offer A: ₹21,696/month, ₹27,06,939 total interest. Offer B: ₹25,357/month, ₹20,64,200 total interest. Offer B costs less in total interest.
Offer A — total interest₹27,06,939
Offer B — total interest₹20,64,200
How this is calculated
Both offers use the standard EMI formula on the same principal; the total interest for each is compared directly.
Frequently asked questions
Should I always pick the lower EMI?
Not necessarily — a lower EMI often comes from a longer tenure, which usually means more total interest paid over the life of the loan. Compare both numbers, not just the monthly figure.
What about processing fees and other charges?
This calculator compares interest cost only — factor in processing fees, prepayment charges, and any other costs when making the final decision.