Loan Comparison Calculator
Compare up to 3 loans side-by-side. See EMI, total interest, total payment, and prepayment impact to find the cheapest option.
Loans to compare:
Maximum 3 loans. Click the last button to add another.
| Metric | Loan A Best | Loan B | Loan C |
|---|---|---|---|
| Monthly EMI | PKR 10,258.27 | PKR 10,379.18 | PKR 7,918.24 |
| Total Payment | PKR 6,15,495.94 | PKR 6,22,750.66 | PKR 6,65,132.39 |
| Total Interest | PKR 1,15,495.94 | PKR 1,22,750.66 | PKR 1,65,132.39 |
| Interest % of Total | 18.76% | 19.71% | 24.83% |
| Tenure | 60 months | 60 months | 84 months |
| Savings vs Cheapest | — (Best) | +PKR 7,254.72 | +PKR 49,636.45 |
How to Use Loan Comparison
Enter Loan Details
Add up to 3 loans with their principal amount, annual interest rate, and tenure in months. Each loan can have different parameters.
Optional: Prepayment
Enter an extra monthly principal payment to see how prepayment reduces total interest and loan tenure. Even PKR 5,000/month extra can save lakhs in interest on a home loan.
Understanding the Comparison
- EMI: Fixed monthly payment for each loan.
- Total Payment: Sum of all EMIs + prepayments over the loan life.
- Total Interest: Total cost of borrowing. The key metric for comparison.
- Interest %: Interest as percentage of total payment. Higher % means more expensive loan.
- Savings vs Cheapest: How much extra you pay compared to the lowest-cost loan.
Key Insights
- A 0.5% rate difference on a 50L, 20-year loan = ~PKR 3.5L extra interest.
- Shorter tenure = higher EMI but much lower total interest.
- Prepayment of 10% of EMI can cut tenure by 20-30%.
- Always compare total interest, not just EMI.
CSV Export
Download a CSV with all loan parameters and comparison metrics for offline analysis or sharing with advisors.
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