Compare Two Loan Offers

Enter details for two loan offers to see which one costs less

🏦 Loan Offer A

Loan Amount

₹

Interest Rate (% p.a.)

%

Tenure (Months)

🏦 Loan Offer B

Loan Amount

₹

Interest Rate (% p.a.)

%

Tenure (Months)

Comparison Result

Metric	Loan A	Loan B	Difference

How to Compare Loan Offers

When comparing two loan offers, do not just look at the interest rate. Consider the EMI, total interest payable, and the tenure. A loan with a slightly higher rate but shorter tenure may cost less in total interest than a lower-rate loan with a longer tenure.

Same loan amount? The one with lower total payment wins.
Different amounts? Compare the total cost relative to what you borrow.
Always factor in processing fees (0.5–2% of loan amount) which are not shown here.

Also try: Home Loan EMI · Car Loan EMI · Personal Loan EMI