Loan Comparison Tool
Compare up to 3 loan offers side by side. See exactly how much more interest one loan charges vs another.
Loan 1
Loan 2
Loan 3
Click "Add Loan 3" to compare a third offer
Comparison Results
| Parameter | SBI | HDFC |
|---|---|---|
| Loan Amount | ₹30.00 L | ₹30.00 L |
| Interest Rate | 8.5% | 8.75% |
| Tenure | 20 yrs | 20 yrs |
| Monthly EMI | ₹26,035 | ₹26,511 |
| Total Interest | ₹32.48 L | ₹33.63 L |
| Total Payment | ₹62.48 L | ₹63.63 L |
| Processing Fee | ₹15,000 | ₹0 |
| Total Cost (EMI + Fee) | ₹62.63 L | ₹63.63 L |
| You Save (vs costliest) | ₹99,240 | — |
🏆 SBI saves you ₹99,240 compared to the costliest option!
Interest vs Principal Breakdown
Blue = Principal you repay | Red = Extra interest you pay to the bank
Total Cost Comparison
Lower bar = better deal for you
Year-wise Interest Paid
See how interest payment reduces over time for each loan
How to Compare Loan Offers
- Don't just compare EMI — a lower EMI with longer tenure means MORE total interest
- Total Cost = Total EMI payments + Processing Fee — this is the true comparison metric
- Same loan amount, different rates — even 0.25% difference can mean lakhs over 20 years
- Processing fee matters — a "zero processing fee" offer with 0.1% higher rate may cost more