Work out loan comparison instantly with clear inputs, formula shown and shareable results.
Two offers on the same amount and tenure differ only through the rate, but the effect compounds over hundreds of instalments. Comparing total interest rather than the monthly figure shows the real size of a rate gap.
Comparison
Interest_A - Interest_B = (EMI_A - EMI_B) × n
Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
Not always. Processing fees, insurance bundling and prepayment terms can outweigh a small rate advantage.
On a 20-year home loan it is typically 5-6% of the amount borrowed in extra interest.