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Home loan comparison calculator: see what a lower rate is worth
A rate that looks only a little lower can be worth lakhs over a home loan. Put in the loan amount, the tenure and the rates two or three lenders have offered you. The home loan comparison calculator works out each EMI and the total interest, then shows the exact difference in rupees, every month and over the full loan.
What a rate gap costs
- 0.25% higher₹1,90,029
₹792 a month more in EMI
- 0.5% higher₹3,81,602
₹1,590 a month more in EMI
- 1% higher₹7,69,275
₹3,205 a month more in EMI
Extra interest on ₹50 lakh over 20 years, against a loan at 8.4%.
Each offer, worked out
Offer A
8.4% p.a.Lowest total cost
Monthly EMI
₹43,075
- Total interest
- ₹53,38,054
- Total you repay
- ₹1,03,38,054
- Number of EMIs
- 240
- Last EMI
- –
Show year‑by‑year scheduleHide schedule
Year-by-year repayment for Offer A Year Principal Interest Balance 1 ₹1,00,722 ₹4,16,181 ₹48,99,278 2 ₹1,09,516 ₹4,07,387 ₹47,89,762 3 ₹1,19,078 ₹3,97,825 ₹46,70,684 4 ₹1,29,475 ₹3,87,428 ₹45,41,210 5 ₹1,40,779 ₹3,76,124 ₹44,00,430 6 ₹1,53,071 ₹3,63,832 ₹42,47,360 7 ₹1,66,435 ₹3,50,467 ₹40,80,924 8 ₹1,80,967 ₹3,35,936 ₹38,99,957 9 ₹1,96,767 ₹3,20,135 ₹37,03,190 10 ₹2,13,947 ₹3,02,955 ₹34,89,243 11 ₹2,32,627 ₹2,84,276 ₹32,56,616 12 ₹2,52,938 ₹2,63,965 ₹30,03,678 13 ₹2,75,022 ₹2,41,881 ₹27,28,656 14 ₹2,99,034 ₹2,17,868 ₹24,29,621 15 ₹3,25,143 ₹1,91,759 ₹21,04,478 16 ₹3,53,532 ₹1,63,371 ₹17,50,946 17 ₹3,84,399 ₹1,32,504 ₹13,66,547 18 ₹4,17,961 ₹98,942 ₹9,48,586 19 ₹4,54,454 ₹62,449 ₹4,94,132 20 ₹4,94,132 ₹22,771 ₹0 Offer B
8.75% p.a.Monthly EMI
₹44,186
+₹1,110 a month more
- Total interest
- ₹56,04,529
- Total you repay
- ₹1,06,04,529
- Number of EMIs
- 240
- Last EMI
- –
Show year‑by‑year scheduleHide schedule
Year-by-year repayment for Offer B Year Principal Interest Balance 1 ₹96,537 ₹4,33,689 ₹49,03,463 2 ₹1,05,331 ₹4,24,895 ₹47,98,132 3 ₹1,14,926 ₹4,15,300 ₹46,83,205 4 ₹1,25,396 ₹4,04,831 ₹45,57,810 5 ₹1,36,819 ₹3,93,408 ₹44,20,991 6 ₹1,49,282 ₹3,80,944 ₹42,71,709 7 ₹1,62,881 ₹3,67,345 ₹41,08,827 8 ₹1,77,719 ₹3,52,507 ₹39,31,108 9 ₹1,93,909 ₹3,36,318 ₹37,37,200 10 ₹2,11,573 ₹3,18,654 ₹35,25,627 11 ₹2,30,846 ₹2,99,380 ₹32,94,781 12 ₹2,51,875 ₹2,78,351 ₹30,42,905 13 ₹2,74,820 ₹2,55,406 ₹27,68,085 14 ₹2,99,855 ₹2,30,371 ₹24,68,230 15 ₹3,27,171 ₹2,03,056 ₹21,41,059 16 ₹3,56,975 ₹1,73,252 ₹17,84,085 17 ₹3,89,493 ₹1,40,733 ₹13,94,591 18 ₹4,24,975 ₹1,05,252 ₹9,69,616 19 ₹4,63,688 ₹66,538 ₹5,05,928 20 ₹5,05,928 ₹24,298 ₹0 Offer C
9.25% p.a.Monthly EMI
₹45,793
+₹2,718 a month more
- Total interest
- ₹59,90,402
- Total you repay
- ₹1,09,90,402
- Number of EMIs
- 240
- Last EMI
- –
Show year‑by‑year scheduleHide schedule
Year-by-year repayment for Offer C Year Principal Interest Balance 1 ₹90,806 ₹4,58,714 ₹49,09,194 2 ₹99,571 ₹4,49,949 ₹48,09,623 3 ₹1,09,182 ₹4,40,338 ₹47,00,442 4 ₹1,19,720 ₹4,29,800 ₹45,80,721 5 ₹1,31,276 ₹4,18,244 ₹44,49,445 6 ₹1,43,948 ₹4,05,572 ₹43,05,497 7 ₹1,57,842 ₹3,91,678 ₹41,47,655 8 ₹1,73,078 ₹3,76,442 ₹39,74,577 9 ₹1,89,784 ₹3,59,736 ₹37,84,793 10 ₹2,08,103 ₹3,41,417 ₹35,76,690 11 ₹2,28,190 ₹3,21,331 ₹33,48,501 12 ₹2,50,215 ₹2,99,305 ₹30,98,285 13 ₹2,74,367 ₹2,75,153 ₹28,23,918 14 ₹3,00,850 ₹2,48,670 ₹25,23,068 15 ₹3,29,890 ₹2,19,631 ₹21,93,178 16 ₹3,61,732 ₹1,87,788 ₹18,31,446 17 ₹3,96,648 ₹1,52,872 ₹14,34,799 18 ₹4,34,934 ₹1,14,586 ₹9,99,865 19 ₹4,76,915 ₹72,605 ₹5,22,949 20 ₹5,22,949 ₹26,571 ₹0
What you save
₹6,52,348
less interest with Offer A (8.4%) than with Offer C (9.25%) over 20 years. That’s ₹2,718 less on every EMI.
Offer ALowest
Offer B
+₹1,110 a month · +₹2,66,475 interest
Offer C
+₹2,718 a month · +₹6,52,348 interest
| Against the cheapest | Offer A | Offer B | Offer C |
|---|---|---|---|
| EMI difference | Lowest | +₹1,110 / month | +₹2,718 / month |
| Interest difference | Lowest | +₹2,66,475 | +₹6,52,348 |
Want to save on interest? Talk to our experts.
Before you pick the lowest number
Compare home loan interest rates, then check these six things
The calculator compares rates like for like. Real offers rarely are. These are the points we check on every sanction letter before telling a borrower which offer is actually cheaper.
- 01
Processing and other fees
One lender's lower rate can come with a higher processing fee, plus legal, valuation and documentation charges. Add them to the interest before you compare.
- 02
What the rate is linked to
Most new floating‑rate home loans are linked to the RBI repo rate, plus a spread the lender fixes for you. The spread is what stays with you for years, so ask for it in writing.
- 03
Reset dates
When the repo rate moves, some lenders pass it on within weeks and others only on a quarterly or half‑yearly reset. It decides how fast a rate cut reaches your EMI.
- 04
Part‑payment rules
Floating‑rate home loans to individuals shouldn't carry a prepayment penalty, but minimum amounts, how often you can part‑pay and whether the EMI or tenure drops still vary.
- 05
Insurance added to the loan
Some offers bundle a loan‑cover policy into the sanction amount. It is often optional. If it's added, you pay interest on the premium too.
- 06
How much they will actually sanction
A cheaper rate on a smaller loan isn't cheaper if you have to bridge the gap elsewhere. On B Khata and Panchayat Khata property in particular, the amount lenders sanction varies a lot.
Questions about comparing home loan offers
Still unsure which offer is cheaper once fees are in? Call 99167 40560 and our expert will go through the sanction letters with you.
How much does a 0.5% lower home loan rate save?
On ₹50 lakh over 20 years, 8.4% instead of 8.9% brings the EMI down by ₹1,590 a month and saves about ₹3,81,602 in interest over the full term. The longer the tenure and the bigger the loan, the more the same gap is worth.
How does the home loan comparison calculator work?
Each offer uses the standard reducing‑balance EMI formula, with interest charged monthly on the outstanding balance. The calculator multiplies the EMI by the number of months, takes away the loan amount to get the total interest, and then measures every offer against the cheapest one.
My loan is already running. Is it worth switching for a lower rate?
Put your current rate in as one offer and the new quote as another, using your outstanding balance and the years left. If the interest saved is well above the new lender's processing, legal and valuation fees, a balance transfer is usually worth a look. Ask your current lender for a rate reduction first: many will offer one to keep the loan.
Why might a lender's EMI differ slightly from this calculator?
Lenders round differently, may charge broken‑period interest for the days before your first EMI, and some calculate on a daily‑reducing balance. The difference is usually a few rupees a month. Your sanction letter and repayment schedule are the final word.
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Tell us your loan amount, property and the offers you have. We compare them against 20+ banks and NBFCs, check what each will really sanction on your property, and tell you which one costs least overall.
- Offers compared across 20+ banks and NBFCs
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Lenders' own processing, legal and valuation fees still apply; we tell you what they are before you apply.