Compare up to 3 loan offers side by side — EMI, total interest, total cost & savings. Built for Indian borrowers. 100% free, no login.
Enter Loan Details — Input the principal amount, annual interest rate, and tenure for each loan offer. You can compare up to 3 bank offers side-by-side.
Include All Fees — Don't forget processing fees. A 0.5%–2% fee can significantly change the "Effective Interest Rate" of your loan.
Spot the Winner — Our tool automatically highlights the most cost-effective deal in green, showing you exactly which bank saves you the most money.
While a 20-year home loan has a lower EMI than a 15-year one, you will pay significantly more in total interest. Always compare "Total Payment" to see exactly how much extra interest the longer tenure adds to your burden.
Banks often push longer tenures to lower your monthly EMI, but this is how they maximize their interest income. Choose the shortest tenure you can comfortably afford.
Picking the right loan isn't just about the interest rate. You must analyze these four pillars of loan comparison:
| Metric | Why it Matters |
|---|---|
| Monthly EMI | Affects your monthly cash flow and standard of living. |
| Total Interest | The absolute cost of borrowing. This is the "profit" the bank makes from you. |
| Total Cost | Principal + Interest + Fees. This is the only number that truly matters for comparison. |
| Amortization | Shows how much of your early EMIs go toward interest vs principal reduction. |
Absolutely. On a ₹50L home loan for 20 years, a 0.5% lower rate can save you approximately ₹4,00,000 to ₹5,00,000 in interest over the full tenure.
Yes. You can compare a personal loan against a top-up loan, or even compare two different home loan tenures to see which helps you save more.
Simply enter "0" in the Processing Fee field. This allows you to compare a loan with a lower rate but higher fees against one with no fees but a slightly higher rate.
Comparison logic uses standard amortization algorithms. Precision: 0.0001%. Verified for SBI, HDFC, and ICICI loan structures. Last Audit: May 2026.