---
type: "tool"
title: "Loan Comparison Calculator"
description: "Compare 2 or 3 loans side by side: monthly EMI, interest, upfront fees and total cost."
resource: "https://www.gstcalculators.in/loan-comparison-calculator.html"
language: "en"
bundle_generated: "2026-10-08"
---

# Loan Comparison Calculator

Compare 2 or 3 loans side by side: monthly EMI, interest, upfront fees and total cost.

- Canonical page: [Loan Comparison Calculator](https://www.gstcalculators.in/loan-comparison-calculator.html)
- Publisher: [Tools Master Hub / GSTCalculators.in](../site.md)
- Category: [Tax and Loan Calculators](../categories/taxloan.md)

This is a discovery summary of the public page, not an independently reviewed replacement. Use the canonical page for current inputs, assumptions, formulas, source links and results. The bundle generation date does not mean that tax rules were reviewed on that date.

## Topics on the page

- Your values
- How to use this calculator

## Questions and answers from the visible page

### 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.

## Comparison model and example

See the [loan comparison model](../guides/loan-comparison.md).

## Accuracy and corrections

[Methodology](https://www.gstcalculators.in/methodology.html) · [Editorial policy](https://www.gstcalculators.in/editorial-policy.html) · [Disclaimer](https://www.gstcalculators.in/disclaimer.html) · [Report a problem](https://www.gstcalculators.in/contact.html).