Loan Comparison
Enter two offers — different banks, rates or tenures — and see which costs less overall.
Compare total cost, not just EMI
A lower EMI can hide a more expensive loan: stretching the tenure reduces the monthly payment while increasing total interest. This tool computes both offers with the standard reducing-balance formula and highlights the one with the lower total payment.
Frequently asked questions
Which loan should I pick?
Generally the one with the lower total payment — unless the higher-EMI option strains your monthly budget. Affordability matters as much as total cost.
Why does the longer loan cost more?
Interest accrues on the outstanding balance for more months, so even at a lower rate a much longer tenure can cost more overall.
Frequently asked questions
What does it compare?
Two loans' monthly EMI, total interest and total payment, highlighting the lower-total-cost option.
Does a lower EMI mean a cheaper loan?
Not always — a longer tenure lowers the EMI but raises total interest. This tool shows the total so you can see the real cost.