Loan Comparison Tool (India)

Compare EMIs, loan amounts, and interest rates from multiple banks and financial institutions. Quickly find which loan offer saves you more over time.

Loan Comparison Tool

Option 1

Estimated EMI: 16607.15

Option 2

Estimated EMI: 16488.00

Option 2 has a lower EMI by ₹ 119.15.

FAQs

How does the Loan Comparison Tool calculate EMI?

Our Loan Comparison Tool calculates EMI using the standard formula based on loan amount, interest rate, and tenure. It helps you find the most cost-effective loan option instantly.

Can I compare both home loans and personal loans?

Yes. You can compare any type of loan — home, personal, or car loans — as long as you know the loan amount, tenure, and interest rate for each option.

Does the EMI include interest and principal?

Yes. The EMI value includes both the principal and interest components, ensuring an accurate monthly payment estimate.

Are hidden charges or processing fees included in the EMI?

No. The calculator does not include bank-specific charges such as processing fees, late penalties, or prepayment charges. Check with your lender for these additional costs.

Is this EMI comparison valid for all banks in India?

Absolutely. The EMI calculation formula is universal, so you can compare loans from any bank or NBFC across India with reliable results.

How can I reduce my EMI while comparing loan options?

To lower your EMI, try increasing your tenure, opting for a lower interest rate, or making a larger down payment. You can use the comparison tool to see how each change affects your EMI instantly.