Loan Comparison Calculator
Put two loan offers side by side and see exactly which one costs less, EMI, total interest, and total payment, compared directly.
Loan 1
Loan amount
₹
Interest rate (p.a.)
%
Loan tenure
yrs
Loan 2
Loan amount
₹
Interest rate (p.a.)
%
Loan tenure
yrs
Result
Total cost difference
₹0
Loan 1
EMI
₹0
Total interest
₹0
Total payment
₹0
Loan 2
EMI
₹0
Total interest
₹0
Total payment
₹0
Side-by-side comparison
Compare key metrics between your loan options
| Parameter | Loan 1 | Loan 2 | Difference |
|---|---|---|---|
| Loan amount | ₹10 L | ₹10 L | ₹0 |
| Interest rate | 8.5% | 9.5% | 1% |
| Loan tenure | 20 yrs | 20 yrs | 0 yrs |
| EMI | ₹0 | ₹0 | ₹0 |
| Total interest | ₹0 | ₹0 | ₹0 |
| Total payment | ₹0 | ₹0 | ₹0 |
How loan comparison is calculated
- Loan amount: The principal amount you want to borrow.
- Interest rate: Annual interest rate charged by the lender.
- Loan tenure: Duration of the loan in years.
- EMI: Equated Monthly Installment. The fixed monthly payment.
- Total interest: Total interest paid over the loan tenure.
- Total payment: Principal plus total interest paid.
This is one number. WellthIQ sees the whole picture.
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