EMI Comparison Calculator
Compare EMI, total interest and total cost between two loan offers side by side.
About this calculator
Comparing two loan offers usually comes down to a table of different numbers, principal, rate, tenure, that don't reveal at a glance which one is actually the better deal, and the offer with the lower advertised interest rate isn't always the cheaper choice once a longer tenure or extra fees are factored in. This calculator applies the standard EMI formula independently to two loan scenarios side by side, computing the monthly EMI, total interest paid, and total repayment for each based on its own principal, interest rate and tenure, so you can directly compare a lower-rate, shorter-tenure loan against a higher-rate, longer-tenure one (or any other combination) on equal footing. It's built for exactly the situation of holding two competing loan offers, or considering a refinance, and wanting a clear, numeric answer to which one costs less overall versus which one has the more comfortable monthly payment, since those two answers aren't always the same loan.
Worked example
₹10,00,000 at 8.5% for 60 months vs 9.5% for 84 months
Result: Loan A has the higher EMI but lower total cost
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