What is a Loan Comparison Calculator?
Compare two loan options side by side to find the better deal. Enter principal, interest rate, and tenure for both loans and instantly see the difference in monthly EMI, total payment, total interest, and potential savings. Visual principal vs. interest breakdown included.
Frequently Asked Questions
How is EMI calculated?
EMI = P × r × (1+r)^n / ((1+r)^n - 1), where P = principal, r = monthly rate, n = total months.
Can I compare different tenures?
Yes. Each loan can have independent principal, rate, and tenure values.
Is my financial data private?
Yes. All calculations run locally in your browser. No data is sent to any server.