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About the Loan Comparison Calculator
Lenders make comparison hard on purpose. One offer has a lower rate but a chunky processing fee; another quotes a longer tenure so the EMI looks smaller; a third bundles insurance. Put side by side on total cost and APR, the ranking often reverses.
Enter the three sanctions you are weighing. The cheapest by total cost is highlighted, and the APR column tells you which is genuinely better priced independent of tenure.
The formula
Where tenures differ, trust the APR over the total cost — a longer loan always costs more in absolute terms.
Things worth knowing
Frequently asked questions
Hold the amount and tenure constant, then compare APR and total cost. If tenures differ, APR is the tenure-neutral figure and the one to trust.
No. The lowest EMI usually just means the longest tenure. Look at total cost and APR — a lower EMI over more years almost always costs more.
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