| Loan A | Loan B | Difference |
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Even a 0.5% difference in interest rates can significantly alter the total cost of a loan over long periods. Comparing loans helps you find the most cost-effective option.
We calculate the total payment for both loans and show you the exact difference in total interest paid.
You want a ₹10 Lakh loan for 5 years. Bank A offers it at 10% (EMI: ₹21,247), Bank B offers it at 9.5% (EMI: ₹21,002). By choosing Bank B, that 0.5% difference saves you ₹14,715 in total interest over 5 years!