Home Loan Side-by-Side Comparison
Compare Two Loan Offers — EMI · Interest · Total Payable
Evaluating two different lenders or loan structures? Enter the parameters for both and instantly see which saves more money — on EMI, total interest, or both.
Loan A
Loan B
Loan A · Monthly EMI
₹ 43,391
for 240 months
Loan B · Monthly EMI
₹ 46,607
for 240 months
Side-by-Side Comparison
Loan A wins overall| Metric | Loan A | Loan B | Winner |
|---|---|---|---|
| Loan Amount | ₹ 50,00,000 | ₹ 50,00,000 | — |
| Interest Rate | 8.5% p.a. | 9.5% p.a. | ✓ Better |
| Tenure | 20 yr (240 mo) | 20 yr (240 mo) | EqualEqualEqual |
| Monthly EMI | ₹ 43,391 | ₹ 46,607 | ✓ Better |
| Total Interest | ₹ 54,13,879 | ₹ 61,85,574 | ✓ Better |
| Total Payable | ₹ 1,04,13,879 | ₹ 1,11,85,574 | ✓ Better |
| Interest ÷ Principal | 108.3% | 123.7% | — |
Principal vs Interest Split
Loan A saves more overall
Monthly EMI is ₹ 3,215 lower with Loan A
Total interest saving of ₹ 7,71,695 with Loan A
How to Choose Between Two Home Loan Offers
When comparing two home loan offers, look beyond the advertised rate. A lower rate almost always means a lower EMI and lower total interest — but tenure matters equally. A loan at 9% for 15 years can cost less total interest than a loan at 8.5% for 25 years.
Focus on total interest payable as your primary metric if you plan to hold the loan to maturity. Use monthly EMIas your primary metric if cash flow is tight. The comparison table above shows both — look for the loan that wins on the metric that matters most to you.
Also factor in processing fees, prepayment penalties (fixed-rate loans only), and the lender's track record on rate resets for floating-rate loans. A 0.25% lower rate from a lender with frequent adverse resets may not actually save you money.
Frequently Asked Questions
How do I use this comparison tool?
Enter the loan amount, interest rate and tenure for Loan A (your first offer) and Loan B (your second offer). The tool instantly shows the EMI, total interest and total payable for both, with a ✓ Better badge marking the winning loan on each metric.
Which matters more — lower EMI or lower total interest?
Depends on your situation. Lower EMI (longer tenure) eases monthly cash flow but costs more interest. Lower total interest (shorter tenure or lower rate) saves money long-term but requires higher monthly payments. If you can afford it, shorter tenure usually wins financially. If you plan to prepay, start longer and make lump-sum prepayments.
How much does 0.5% extra interest rate cost over 20 years?
On ₹50 lakh for 20 years: the difference between 8.5% and 9.0% is ₹1,614 per month and ₹3.9 lakh in total interest. On ₹75 lakh it is ₹2,420 per month and ₹5.8 lakh extra. Use this tool with your exact amounts to see the precise difference.
Can I compare loans of different amounts?
Yes — just set different amounts for Loan A and Loan B. The comparison table shows all metrics side by side. Keep in mind that comparing loans of different amounts makes EMI and total-payable comparisons less meaningful; focus on EMI-to-loan-amount ratio or total interest in that case.