Loan Comparator
Compare 12+ loan types side by side on 25+ parameters
Select Loan Types to Compare
0 selectedSelect at least 2 loan types above to start comparing
Or use a quick preset to get started
How to Choose the Right Loan
Compare Effective Cost, Not Just Rate
Processing fees, insurance charges, and foreclosure penalties can significantly increase the true cost of a loan. Always compare the total cost including all fees, not just the advertised interest rate.
Secured vs Unsecured
Secured loans (home, car, gold) offer 3-8% lower interest rates than unsecured loans (personal, credit card). If you have an asset to pledge, always prefer a secured loan. Your effective cost can be 50% less.
Maximize Tax Benefits
Home loans save up to ₹3.5L in tax deductions (Sec 80C + 24b). Education loans offer unlimited interest deduction under 80E for 8 years. These tax savings effectively reduce your loan cost.
Choose Right Tenure
Longer tenure = lower EMI but higher total interest. A 20-year home loan vs 10-year can cost 60% more in total interest. Balance affordability with total cost — prepay whenever possible.
Check Prepayment Terms
RBI mandates zero prepayment penalty on floating-rate loans for individuals. Fixed-rate loans may charge 2-4% penalty. Always choose loans with flexible prepayment options to save on interest.
Maintain Good Credit Score
A CIBIL score of 750+ can get you 0.5-2% lower interest rates across all loan types. On a ₹50L home loan over 20 years, that's ₹5-20L savings. Check and improve your score before applying.