Loan Comparison Calculator
Compare two loan offers by EMI, total interest, fees and total cost to see which is cheaper over the full tenure.
How to use the Loan Comparison calculator
- Enter loan amount, offer A rate, offer A tenure, offer A fee, offer B rate, offer B tenure and offer B fee.
- Read the cheaper overall at the top of the result, with offer A EMI, offer A total cost (interest + fee + GST), offer B EMI underneath. It updates as you type.
- Change one input at a time to see what moves the answer most, then save the result with Copy link or Download PDF.
About this tool
A lower rate with a higher fee can still cost more, especially on short loans. This compares the total of interest and fees (with GST on the fee) for both offers.
Worked example
With loan amount of ₹10,00,000, offer a rate of 10.5%, offer a tenure of 60 months, offer a fee of 0.5%, offer b rate of 10%, offer b tenure of 60 months and offer b fee of 2%:
| Cheaper overall | Offer A |
| Offer A EMI | ₹21,494 |
| Offer A total cost (interest + fee + GST) | ₹2,95,534 |
| Offer B EMI | ₹21,247 |
| Offer B total cost (interest + fee + GST) | ₹2,98,423 |
| Difference | ₹2,889 |
Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem
Questions people ask
How do I compare two loan offers?
Compare the total cost over the same tenure: interest plus processing fee, GST and any mandatory insurance.
Should I compare EMI or total cost?
Total cost. A lower EMI often just means a longer tenure and more interest.