EMI & Loan Comparison Calculator

Plan your finances better with our comprehensive EMI calculator. Compare different loan options and find the best one suited for your needs.

EMI Calculator

₹10,00,000
8.5%
60 Months

Loan Summary

Monthly EMI ₹20,400
Total Interest ₹2,23,980
Total Payment ₹12,23,980
Interest to Principal Ratio 22.4%

Loan Comparison

Compare different loan options to find the best one for you. Click on each option to add details.

Loan Option - 1

Loan Option - 2

Loan Option - 3

Payment Breakdown

Visual representation of principal vs interest payments

Loan Options Explained

Understanding different types of loans and their features

Home Loan

Typical Interest Rate 6.5% - 9.0%
Tenure Up to 30 years
Loan to Value Up to 80%
Processing Fee 0.5% - 1%

Key Features

  • Tax benefits under Section 80C & 24(b)
  • Lower interest rates compared to other loans
  • Flexible repayment options
  • Option for overdraft facility in some banks

Personal Loan

Typical Interest Rate 10.5% - 18%
Tenure 1 - 5 years
Loan Amount Up to ₹40 lakhs
Processing Fee 1% - 3%

Key Features

  • No collateral required
  • Quick disbursement
  • No restriction on end-use
  • Minimal documentation
Recommended

Car Loan

Typical Interest Rate 7.25% - 12%
Tenure 1 - 7 years
Loan to Value Up to 90%
Processing Fee 0.5% - 2%

Key Features

  • Lower interest rates than personal loans
  • Quick approval process
  • Option for zero down payment in some cases
  • Flexible repayment options

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