How do I compare two loan offers?

Use our loan comparison tool above. Enter principal amount, interest rate, and tenure for both loans. The calculator shows EMI, total interest, and total payment side-by-side.

Is a fixed rate always better than a floating rate?

Not always. Floating rates can be lower over long tenures, while fixed rates provide payment certainty. Compare both options using total cost over full tenure.

Should I switch my loan for a 0.25% rate difference?

A 0.25% difference can save a large amount over long tenures. Calculate net savings after considering transfer, legal, and processing charges.

Which bank offers the best loan rate?

The best option depends on your profile, charges, and terms—not just headline interest rate. Compare effective cost, fees, and flexibility before choosing.

Loan comparison tool

Compare two loan offers. See which really costs less.

Confused between two bank offers? Don't just compare EMI. Put both loans side by side and see the total interest difference over the full tenure.

21 lenders tracked
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Free to use

Side-by-side calculator

Enter two loans to see the full cost of each.

Start with

Loan A

Costs less

Loan amount

₹

Interest rate (p.a.)

Tenure

yrs

Monthly EMI: ₹39,519
Total interest: ₹44,84,512
Total repayment: ₹94,84,512

Loan B

Loan amount

₹

Interest rate (p.a.)

Tenure

yrs

Monthly EMI: ₹41,047
Total interest: ₹48,51,383
Total repayment: ₹98,51,383

The verdict

Loan A costs ₹3,66,871 less

That is 3.7% less than Loan B over the full tenure, before any processing fees or other charges.

Interest saved: ₹3,66,871
Loan A EMI is lower by: ₹1,529/ month

Total repayment

Loan A₹94,84,512

Loan B₹98,51,383

PrincipalInterest

A lower EMI isn't always the cheaper loan. A longer tenure reduces the monthly payment but can add lakhs in total interest, so compare total repayment and then check fees and prepayment terms.

Beyond the EMI

What to compare before choosing a loan

The headline rate is only one of four things that decide what a loan really costs you.

01
Total Interest Payable
This is the real cost of the loan. Always aim for the lowest total interest, not just the lowest EMI.
02
Processing Fees & Charges
Some banks offer low rates but charge high processing fees (up to 1%). Factor this into your decision.
03
Prepayment & Foreclosure
Ensure your loan has zero foreclosure charges so you can pay it off early if you have extra cash.
04
Repo Rate Linking (RLLR)
For home loans, ensure the rate is linked to the Repo Rate for transparency and fairness.

Head-to-head

Compare 45 bank matchups

Starting home loan rates for India's major lenders, paired against each other. The biggest rate gaps come first.

Starting home loan rates, indicative only. The rate you are offered depends on your credit score, income and the lender's policy.

FAQ

Frequently asked questions

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