⚡ Free Online Tool
Loan Comparison Calculator
Compare up to 3 loan offers instantly. See which bank gives you the best deal based on total cost — not just monthly EMI. Includes processing fees.
❓ Frequently Asked Questions
Should I pick the lowest EMI or lowest total cost? +
Always compare total cost (EMI × months + fees). A lower interest rate loan with a longer tenure can cost more overall than a higher rate with shorter tenure.
What are processing fees? +
One-time fees charged by lenders to process your loan application. Typically 0.5-2% of the loan amount. Always factor these into total loan cost comparison.
Is a lower interest rate always better? +
Not always. Compare the APR (Annual Percentage Rate) which includes all fees. A 7% loan with 2% processing fees may cost more than a 7.5% loan with zero fees.
What is EMI? +
EMI (Equated Monthly Installment) is the fixed monthly payment that repays your loan. Each EMI covers partial principal + interest. Early EMIs are mostly interest.