Loan Comparison Calculator
Compare up to three loan offers side by side — EMI, total interest, fees and the true cost.
Result
How to use
- 1
Enter the loan amount you need.
- 2
Fill in the rate, tenure and fees for each offer.
- 3
See the EMI, total cost and effective rate of each, and which one is cheapest.
Questions
How do I compare loans fairly?
Compare the total cost — all interest plus processing fees and charges — and the effective annual rate, which spreads the fees over the loan. A lower headline rate with high fees can cost more.
What is the effective rate?
The interest rate at which the EMIs you pay equal the money you actually receive (loan minus fees). RBI requires lenders to show this as the annual percentage rate (APR) in the Key Fact Statement.
Is a shorter tenure always cheaper?
It has lower total interest but a higher EMI. Pick the shortest tenure whose EMI fits your budget comfortably.
About this Loan Comparison tool
Loan Comparison Calculator — Compare up to three loan offers side by side — EMI, total interest, fees and the true cost. It is one of 200 free tools on namasivayam.in, made by software engineer Namasivayam Vadivelan for everyday use in India.
Everything is calculated instantly in your browser: nothing you type or upload is sent to any server, there is no sign-up, and it works on mobile and desktop. Enter the loan amount you need.
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Results are estimates to help you plan. They are not financial, tax or medical advice.