Compare up to 3 loan offers side by side — EMI, total interest, total cost & savings. Built for Indian borrowers. 100% free, no login.
The Loan Comparison Calculator by WorldOfTools helps you compare up to 3 loan offers from different banks or lenders side by side. Whether you're comparing SBI, HDFC, ICICI, Axis Bank, or any other lender, this tool shows you the exact EMI, total interest paid, total payment, and how much you save by choosing the best deal.
All calculations run entirely in your browser. No data is sent to any server, and no login is required.
Enter Loan Details — Fill in amount, interest rate, tenure, and processing fee for each loan offer (Loan A and Loan B are required; Loan C is optional).
Click Compare — Instantly see EMI, total interest, total cost, and savings for each loan. The best deal is highlighted in green, the worst in red.
Check the Amortization Tab — See a year-by-year breakdown of principal vs interest payments so you understand exactly where your money goes.
| Feature | WorldOfTools | Other Tools |
|---|---|---|
| Compare 3 Loans at Once | ✓ Yes | Rarely |
| Processing Fee Included | ✓ Yes | No |
| Best/Worst Highlighted | ✓ Visual | No |
| Amortization Schedule | ✓ Year-by-Year | Limited |
| Privacy | ✓ Browser Only | Server Upload |
| No Registration | ✓ Never | Often Required |
Enter the loan amount and tenure, then input the interest rate from each bank. The calculator instantly shows EMI, total interest, and total payment so you can pick the best deal.
No. A longer tenure gives lower EMI but significantly higher total interest paid. Always compare Total Payment — this calculator shows both, so you see the true cost.
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1). Where P = Principal, r = Monthly interest rate (Annual Rate ÷ 1200), n = Number of months.
Yes! Each loan slot is fully independent — enter different amounts, rates, tenures, and fees to compare entirely different scenarios.
It shows year-by-year how much of your EMI goes to principal (reducing your balance) vs interest (bank's profit). In early years, most of your EMI is interest. The schedule helps you understand your loan journey.
No. All calculations run in your browser using JavaScript. Your loan details are never uploaded, stored, or shared.