Two sanction letters, one honest answer. We add EMIs and upfront fees to reveal which offer really costs less.
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A lower EMI can hide a higher processing fee or longer tenure that costs more overall. Total cost = all EMIs + upfront fees. This calculator adds the fee to the interest so the verdict reflects what actually leaves your pocket.
It depends on amount and tenure — a 1% extra fee is a one-time hit, while a 0.5% higher rate bleeds every month for years. On longer tenures the rate almost always matters more. Enter both offers above; the verdict is instant.
Prepayment charges, insurance bundling (often optional even when pitched as mandatory), rate type (fixed vs floating), and the lender's service quality. Our loan managers flag these clauses in every offer we bring you.
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