Loan Comparison Calculator
Compare two loan offers side by side to see the difference in EMI, total interest, total repayment and upfront processing costs.
Enter Loan Offers
Loan AOption A
Loan Amount₹50,00,000
Interest Rate8.50%
Tenure20 Years
Processing Fee₹25,000
Loan BOption B
Loan Amount₹50,00,000
Interest Rate8.25%
Tenure20 Years
Processing Fee₹15,000
Comparison Result
Lower EMILoan B
Lower Total InterestLoan B
Lower Upfront FeeLoan B
Lower Total CostLoan B
Loan B is the lower-cost option based on the inputs entered.
Monthly EMI Comparison
| Metric | Loan A | Loan B | Difference |
|---|---|---|---|
| Loan Amount | ₹50,00,000 | ₹50,00,000 | ₹0 |
| Interest Rate | 8.50% | 8.25% | 0.25% |
| Tenure | 20 years | 20 years | 0 months |
| Monthly EMI | ₹43,391 | ₹42,601 | ₹790 |
| Total Interest | ₹54,13,794 | ₹52,24,171 | ₹1,89,623 |
| Processing Fee | ₹25,000 | ₹15,000 | ₹10,000 |
| Total Cost* | ₹1,04,38,794 | ₹1,02,39,171 | ₹1,99,623 |
*Total Cost = Total principal repayment + total interest + processing fee. GST and other lender charges are not included unless added to the processing fee input. This comparison is indicative; actual lender offers may include different fees, rate changes, insurance, taxes, penalties, discounts or other terms.