Loan Comparison Calculator

Enter the same loan amount and tenure for all offers and compare the monthly EMI — a lower EMI at the same tenure means a lower interest rate and cheaper loan. If tenure or amount differs, compare the Total Payment column (EMI × months + fees), which is the most accurate cost indicator.

On a ₹50 lakh home loan for 20 years: 8.5% rate = EMI ₹43,391, total interest ₹54.1L. 9% rate = EMI ₹44,986, total interest ₹57.9L. That 0.5% difference costs you ₹3.8L extra over 20 years — a significant saving worth negotiating for.

Always reduce tenure, not EMI, when making a prepayment. Reducing tenure cuts future interest directly and saves more money. Reducing EMI only reduces your monthly burden but the loan runs longer. For example, a ₹2L prepayment in year 3 can cut 2–3 years off a 20-year loan.

Not necessarily. A lower EMI usually means a longer tenure or smaller loan, both of which may result in higher total interest paid. Always compare both EMI and total cost. The best loan is the one with the lowest total payment that fits comfortably in your monthly budget.

Yes — this is called a Balance Transfer. If another bank offers a rate at least 0.5% lower than your current rate, a balance transfer can save lakhs over the remaining tenure. Most banks charge a processing fee of 0.5–1% on the outstanding balance for a balance transfer.