Compare two loan offers side-by-side. See EMI difference, total interest paid, and which deal saves you more money over the entire loan tenure.
| Parameter | Loan A | Loan B | Difference |
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Always compare Total Cost of Loan (TCL = Total Interest + Processing Fees + Other charges), not just the interest rate. A lower rate loan with higher processing fees may cost more overall for short tenures.
When comparing loans of different amounts or tenures, use Annual Percentage Rate (APR) which includes all fees. Most Indian banks quote flat rate or reducing rate — ensure you compare apples-to-apples using reducing balance method.