Smart Calculations, Smarter Decisions
Compare up to 5 loan offers side-by-side. See total cost, monthly EMI, and exactly how much you save. No registration. Works offline.
Compare Loans Free →A 0.5% difference in interest rate seems tiny — but on a ₹50 lakh home loan for 20 years, it's the difference between ₹54 lakh and ₹49 lakh in total interest. That's ₹5 lakh saved by spending 10 minutes comparing offers. Yet most borrowers accept the first pre-approved offer from their existing bank without shopping around.
Banks price loans based on your credit score, relationship, and how much they want your business that quarter. The same borrower can get rates ranging from 8.25% to 9.5% across different lenders on the same day. Processing fees (₹10K-50K), prepayment penalties (0-3%), and insurance requirements vary too — these hidden costs can add 0.3-0.5% to the effective rate.
Our loan comparison calculator lets you enter 2-3 loan offers side by side and instantly see: monthly EMI difference, total interest over the full tenure, total cost of each loan (interest + fees), and the break-even point for refinancing. It turns a complex decision into a clear winner — backed by exact numbers, not bank marketing.
Here's why the lowest headline rate isn't always the cheapest loan. Three offers on a ₹50,00,000 loan for 20 years:
| Bank | Rate | Fees | Total Cost |
|---|---|---|---|
| Bank A | 8.40% | ₹50,000 + 2% prepay penalty | Higher if you prepay |
| Bank B | 8.50% | ₹10,000, no prepay penalty | Lowest for most |
| Bank C | 8.35% | ₹40,000 + mandatory insurance | Higher all-in |
Bank C has the lowest rate (8.35%) but bundled insurance and higher fees make it more expensive overall. Bank B, despite a slightly higher 8.50% rate, wins for most borrowers because of low fees and no prepayment penalty — critical if you plan to prepay. The "cheapest" loan is the lowest total cost, not the lowest rate.
Enter each offer's rate, fees, and terms into the calculator to see the all-in cost side by side — the only fair way to pick a winner.
Enter the loan amount, interest rate, and tenure for up to 5 offers. The calculator shows side-by-side comparison of monthly EMI, total interest, total cost, and how much you save by choosing the cheapest option.
Interest rate (even 0.25% saves thousands), processing fees (one-time cost affecting total outflow), and tenure (longer = lower EMI but higher total interest). Our calculator accounts for all three.
Yes, completely free with no registration. Your data never leaves your device — all calculations happen locally in your browser. It even works offline.
Getting quotes or checking your eligibility usually involves a "soft" inquiry that doesn't affect your score. A "hard" inquiry only happens when you formally apply. Most credit scoring models treat multiple hard inquiries for the same loan type within a short window (14–45 days) as a single inquiry — so rate-shopping in a focused period is safe. Compare freely, then apply to your top one or two choices.
Refinancing makes sense when the new rate is meaningfully lower (typically 0.5%+), you still have several years left on the loan, and the switching costs (processing fee, any penalty on the old loan) are recovered within a reasonable break-even period. Enter your current loan and the new offer into the calculator to see the break-even point before you switch.