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All Tools›Finance & Business›Loan Comparison Calculator

Loan Comparison Calculator

Compare up to 4 loan offers side by side

Finance & BusinessFREEYour data never leaves your browser

Loan Offers

BEST VALUE

Comparison Results

MetricSBIHDFC Bank
Monthly EMIRs 43,391Rs 44,186
Total InterestRs 54,13,879Rs 56,04,529
Processing FeeRs 25,000Rs 25,000
Total CostRs 1,04,38,879Rs 1,06,29,529
Effective Rate5.44%5.63%
SBI is the best value. It saves you Rs 1,90,650 (1.91 L) over HDFC Bank.

Total Cost Comparison

SBIRs 1.04 Cr
BEST
HDFC BankRs 1.06 Cr

Prepayment Scenario

Rs

SBI

Tenure reduced by 53 months (4y 5m)

Interest saved: Rs 13,89,250 (13.89 L)

New tenure: 15y 7m

HDFC Bank

Tenure reduced by 53 months (4y 5m)

Interest saved: Rs 14,52,427 (14.52 L)

New tenure: 15y 7m

How to Use

1

Add up to 4 loan offers — enter bank name, amount, interest rate, and tenure

2

Optionally add processing fee and prepayment charges for each offer

3

View the side-by-side comparison with EMI, total interest, and total cost

4

Check the prepayment scenario to see how extra payments save you money

Frequently Asked Questions

Using the standard reducing balance formula: EMI = P x r x (1+r)^n / [(1+r)^n - 1], where P is principal, r is monthly interest rate, and n is total months.

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