Compare EMI Calculator

Compare EMI Calculator - Find the Best Loan Deal in India

Use this free EMI comparison calculator to compare two different loan offers side-by-side. Whether you're comparing home loans, car loans, or personal loans from different banks, this tool helps you make an informed decision by showing you exactly which loan saves you more money.

How to Use the EMI Comparison Calculator

1. Enter details for your first loan option (amount, interest rate, tenure)
2. Enter details for your second loan option
3. Optionally add bank names for easy identification
4. Click "Compare Loans" to see the comparison
5. View which loan has better EMI, lower interest, and total savings
6. Export the comparison as CSV for your records

Why Compare Loan Offers?

• Save Money: Even a 0.5% difference in interest rate can save lakhs over the loan tenure
• Better Planning: Understand the true cost of each loan option
• Informed Decision: Don't just look at EMI, consider total interest too
• Negotiation Power: Use comparison data to negotiate better rates with banks
• Hidden Costs: Identify which loan truly costs less in the long run

Common Comparison Scenarios

• Different Interest Rates: Bank A offers 8.5% vs Bank B offers 7.5%
• Different Tenures: 5 years vs 8 years for the same loan amount
• Different Loan Amounts: Comparing smaller loan with higher rate vs larger loan with lower rate
• Fixed vs Floating: Compare fixed rate loans with floating rate projections

Key Features

• ✔ Side-by-side comparison of two loans
• ✔ Instant calculation and comparison
• ✔ Highlights better deal automatically
• ✔ Shows EMI difference, interest difference, and total savings
• ✔ Number to words conversion (Indian format)
• ✔ Indian comma formatting (Lakhs, Crores)
• ✔ Export comparison as CSV
• ✔ Smart recommendations based on total interest
• ✔ 100% free and client-side (your data stays private)
• ✔ Mobile-friendly design

Example Comparison

Scenario: You're comparing two home loan offers for ₹50 lakhs:

• Bank A: 8.5% interest for 20 years
• Bank B: 8.0% interest for 20 years

Even though the difference is just 0.5%, Bank B will save you approximately ₹2.5 lakhs in total interest over 20 years. This calculator makes such comparisons instant and easy!

This is the best free EMI comparison calculator in India for comparing loan offers. Make smarter financial decisions today!