Loan Comparison Calculator
Compare 2 or 3 loans side by side: monthly EMI, interest, upfront fees and total cost.
GSTCalculators.in · Loan Comparison Calculator
Compare loans before printing.
Your values
Enter values or load an example to see your answer.
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How to use this calculator
Enter each loan amount, annual rate, term in months and fees. Compare two loans or add a third; use equal loan amounts for cost rankings.
Assumes a fixed rate, monthly reducing balance and payments at month-end. Fees are paid upfront, not financed. Rate changes, prepayments and balloon payments are excluded.
Frequently Asked Questions
How is the monthly EMI calculated?
EMI = P × r ÷ [1 − (1 + r)^(−n)]; 0%: EMI = P ÷ n. P: Loan amount; r: Annual interest rate (%) ÷ 1200; n: Tenure (months). 0%: EMI = P ÷ n.
What assumptions does this comparison use?
Assumes a fixed rate, monthly reducing balance and payments at month-end. Fees are paid upfront, not financed. Rate changes, prepayments and balloon payments are excluded.
How are fees included?
Enter applicable taxes, insurance and other charges under other upfront costs. No charges are added automatically. Borrowing cost = interest + upfront fees. Total paid = instalment repayments + upfront fees.