💰 Finance & Math
Loan Comparison Calculator
Compare two loan options side by side. See the exact EMI, total interest, and total repayment for each — and know instantly which loan saves you more money.
Loan A
Loan B
Loan A — Results
Monthly EMI—
Total Interest Paid—
Total Repayment—
Interest as % of Principal—
Loan B — Results
Monthly EMI—
Total Interest Paid—
Total Repayment—
Interest as % of Principal—
Frequently Asked Questions
How do I compare two loan options?
Enter loan amount, interest rate, and tenure for each option. The calculator shows monthly EMI, total interest, and total repayment side by side.
What is the EMI formula?
EMI = P × r × (1+r)^n ÷ [(1+r)^n − 1]. P = principal, r = monthly rate (annual rate ÷ 12 ÷ 100), n = total months (years × 12).
Is a lower interest rate always better than a shorter tenure?
Not necessarily. A lower rate reduces EMI and total interest. A shorter tenure raises EMI but cuts total interest drastically. Use this calculator to see the exact trade-off.
How much does a 0.5% rate difference matter on a ₹50 lakh home loan?
On a ₹50L loan over 20 years, 0.5% lower rate (e.g. 8.5% vs 9%) means ~₹1,750 lower EMI and ~₹4.2 lakh less total interest.
What is the total cost of a loan?
Total cost = EMI × number of months = principal + total interest paid. The calculator shows this for both loans for direct comparison.
Should I choose a longer or shorter loan tenure?
Longer tenure = lower EMI but more total interest. Shorter tenure = higher EMI but far less interest paid overall. The right choice depends on your monthly cash flow.