Loan comparison calculator for up to 3 offers
Lowest EMI isn't always cheapest. Compare total cost, APR and fees side by side.
Enter up to three offers. The winner is picked on total cost: interest plus fees.
Monthly EMI
₹43,075
APR 8.48% · 20 yrs
Monthly EMI
₹43,708
APR 8.6% · 20 yrs
Monthly EMI
₹39,423
APR 8.39% · 25 yrs
Side by side
| Metric | Bank A | Bank B | NBFC C |
|---|---|---|---|
| EMI | ₹43,075 | ₹43,708 | ₹39,423 (lowest) |
| Total interest | ₹53,38,054 | ₹54,89,953 | ₹68,26,752 |
| Fees incl. GST | ₹29,500 | ₹0 | ₹59,000 |
| Total cost | ₹53,67,554 (lowest) | ₹54,89,953 | ₹68,85,752 |
| Total paid | ₹1,03,67,554 | ₹1,04,89,953 | ₹1,18,85,752 |
| APR (all-in) | 8.48% | 8.6% | 8.39% (lowest) |
Total cost of each offer
Interest + processing fee + GST. Shorter bar = cheaper loan.
- Bank A₹53.68 L
- Bank B₹54.9 L
- NBFC C₹68.86 L
Choosing Bank A over NBFC C saves ₹15,18,198 over the life of the loan.
How to use this calculator
- 01
Add offers
Enter up to three loans: amount, rate, tenure and processing fee.
- 02
Compare
EMI, total interest, charges and APR update live for each offer.
- 03
Pick the winner
The best option is chosen on total cost, the number that actually leaves your account.
Frequently asked questions
How do I compare two loans with different tenures?
Compare total cost and APR, not EMI. The longer loan will always have a lower EMI but usually costs more overall.
Does a lower interest rate always win?
Not if the processing fee is much higher. A 0.1% lower rate can be wiped out by a 1% higher fee on shorter loans.