Core Calculators
Compare Loan Calculator
Compare two loans side by side — EMI, interest and total cost
Loan A
₹
%
yrs
Loan B
₹
%
yrs
Comparison
₹0EMI difference
How loan comparison works
Each loan is calculated independently. Compare monthly EMI and total interest to pick the better offer.
EMI = P × r × (1+r)n / ((1+r)n − 1)
Why use it
Detailed features
Side by side
Two loans compared in one view.
Total interest
See which loan costs more over its life.
Fair compare
Different tenures and rates supported.
On the go
Also in the Toolance app.
Frequently asked questions
Enter the same loan amount for both offers with each bank's rate and tenure. Compare monthly EMI, total interest and total repayment side by side. The cheaper EMI is not always the cheaper loan if tenures differ.
Look at processing fees, legal charges, prepayment penalties and whether the rate is fixed or floating. A slightly higher rate with zero prepayment fee can work out better if you plan to close early.
Yes. Put each tenure in loan A and loan B with the same principal. You will see how much extra interest you pay for the comfort of a lower EMI on the longer loan.
Yes. Flat-rate personal or vehicle schemes are not directly comparable to reducing balance home loans. Ask each lender to confirm the method before you compare numbers here.
This tool compares two generic loan structures. For switching an existing loan to a new lender, also factor transfer fees and lost tax benefits on the old loan.
You can run the numbers, but remember unsecured personal loans carry higher rates and shorter tenures. Use the comparison to understand cost difference, not to pick product type.
No. These are illustrative figures for your own analysis. Final terms appear only in the lender's sanction letter. This is not financial advice.
Yes. No login, no subscription. Plug in two scenarios and see the difference immediately.