Loan Comparison Calculator - Compare Two Loans

Compare two loan options side by side to find the better deal. Enter the amount, interest rate, and tenure for each loan to see EMI, total interest, and total payment compared instantly.

The calculator highlights the loan with lower total cost in green. Use it to compare home loans, personal loans, or car loans from different banks before making your decision.

Should I choose lower EMI or lower total interest?

Lower total interest means you pay less overall, but may have higher monthly EMIs. Choose based on your monthly budget — if you can afford higher EMIs, shorter tenure saves more money.

How is EMI calculated?

EMI is calculated using the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P is principal, r is monthly interest rate, and n is total number of months.