Loan comparison
Loan comparison calculator: compare EMI, interest, fees, and total cost
Use a loan comparison calculator to put two loan offers side by side and see how rate, tenure, and upfront fees affect monthly affordability and total cost.
Updated August 26, 2026 · 5 min read
Use the same loan amount for a fair comparison
Begin with the amount you actually need to borrow. Enter each offer's annual rate, tenure, and known upfront charges from the lender's written information rather than from an advertisement alone.
The calculator assumes reducing-balance monthly repayments. If an offer uses a flat rate, compare it with the flat-versus-reducing tool before placing the results side by side.
Look at EMI and total cost together
A longer tenure can make an EMI easier to afford while increasing the total interest paid. A shorter tenure can reduce total interest but place more pressure on the monthly budget.
The lowest quoted rate is not automatically the lowest-cost offer when fees or tenure differ. Compare the estimated total cost after adding the charges you know.
Check the terms the estimate cannot predict
Floating-rate changes, insurance, taxes, compulsory products, late-payment charges, prepayment rules, and lender-specific rounding can change the actual repayment. The comparison is a planning estimate rather than a quotation.
Read each Key Fact Statement and repayment schedule. Ask the lender to explain the annual percentage rate, all charges, and any difference between the documented total and your estimate before accepting an offer.
Current rate reference
Home-loan rates to try in the calculator
Use these advertised figures to compare EMI scenarios without leaving this page. Enter the exact rate from your own written offer before making a borrowing decision.
Last checked 5 August 2026
| Lender | Advertised rate | Applies to | Freshness | Verification |
|---|---|---|---|---|
| State Bank of India | 7.25% p.a. onwards | Home Loan Card rate; lender terms and eligibility apply | Effective 1 April 2026 | Official source |
| Axis Bank | 8.00%-8.85% p.a. | Floating rate for CIBIL score 751 and above | Official page dated August 2026 | Official source |
| Axis Bank | 8.20%-9.10% p.a. | Floating rate for CIBIL 750 or below, or no credit history | Official page dated August 2026 | Official source |
| Canara Bank | 7.15% p.a.* | Advertised home-loan rate; lender terms and eligibility apply | Checked 5 August 2026 | Official source |
Advertised rates can change and may depend on credit score, income, employment type, loan amount, loan-to-value ratio, product, and other risk checks. They are not approval offers or lender rankings.
Freshness note: ICICI Bank's official standard-rate table was marked valid only through 31 July 2026 when checked, so those figures are not labelled as current here until the bank refreshes the page. Check the official ICICI page.
Put this guide into practice
Use the related calculators
Put the steps in this guide into practice with a focused calculator, then return here to check an assumption or compare another scenario.
Sources and further reading