Loan Interest Comparison Tool
Loan Interest Comparison Tool
Compare up to 3 loan offers — find the best deal instantly
Compare:
Loan A
₹
%
₹
Loan B
₹
%
₹
Loan C
₹
%
₹
⚠️ Please fill all required fields correctly.
📊 Side-by-Side Comparison
🕐 Calculation History
ℹ️ How Does This Tool Work? ▼
Yeh tool alag-alag banks ya lenders ke loan offers ko compare karta hai. Aap har loan ka amount, interest rate, tenure aur processing fee daalte ho — tool automatically EMI, total interest aur total cost calculate karke best option identify karta hai.
EMI Formula (Reducing Balance):
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1]
P = Principal (Loan Amount)
r = Monthly Rate = Annual Rate / 12 / 100
n = Tenure in Months = Years × 12
EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ – 1]
P = Principal (Loan Amount)
r = Monthly Rate = Annual Rate / 12 / 100
n = Tenure in Months = Years × 12
💡 Tips for Best Results ▼
• Hamesha Reducing Balance prefer karo — Flat Rate mein actual interest zyada hoti hai.
• Processing fee bhi total cost mein add hoti hai — isski ignore mat karo.
• Shorter tenure = kam interest, lekin zyada EMI. Apni capacity ke hisaab se choose karo.
• 0.5% rate ka farq bhi lakhs mein ho sakta hai — hamesha compare karo!
• Processing fee bhi total cost mein add hoti hai — isski ignore mat karo.
• Shorter tenure = kam interest, lekin zyada EMI. Apni capacity ke hisaab se choose karo.
• 0.5% rate ka farq bhi lakhs mein ho sakta hai — hamesha compare karo!
❓ FAQ ▼
Q: Reducing Balance aur Flat Rate mein kya farq hai?
Reducing Balance mein interest sirf outstanding principal pe lagti hai — EMI dene ke saath principal ghatta hai. Flat Rate mein interest hamesha original amount pe lagti hai — yeh zyada expensive hota hai.
Q: Processing fee count karna zaroori hai kya?
Haan! Processing fee aapki out-of-pocket cost hai. Ise include karne se actual total cost pata chalti hai.
Q: Kaun sa loan choose karna chahiye?
Sabse kam “Total Cost (with fees)” wala loan best hota hai — lekin EMI bhi apni budget mein honi chahiye.
Reducing Balance mein interest sirf outstanding principal pe lagti hai — EMI dene ke saath principal ghatta hai. Flat Rate mein interest hamesha original amount pe lagti hai — yeh zyada expensive hota hai.
Q: Processing fee count karna zaroori hai kya?
Haan! Processing fee aapki out-of-pocket cost hai. Ise include karne se actual total cost pata chalti hai.
Q: Kaun sa loan choose karna chahiye?
Sabse kam “Total Cost (with fees)” wala loan best hota hai — lekin EMI bhi apni budget mein honi chahiye.