Compares two loan offers by fee-inclusive effective APR (not just headline rate) and recommends one.
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Computed in your browser from the same formulas the full app uses — it is not saved and does not factor in every detail (taxes, exact compounding dates, fees) the way a saved scenario does. Sign in to save, share, or view history →
The calculator applies the standard formula for this calculation to the values you enter and returns the result instantly.
Compares two loan offers by fee-inclusive effective APR (not just headline rate) and recommends one.
You will need: Loan 1: Amount, Loan 1: Interest Rate (% p.a.), Loan 1: Tenure (months), Loan 1: Processing Fee (%), Loan 2: Amount, Loan 2: Interest Rate (% p.a.), Loan 2: Tenure (months), Loan 2: Processing Fee (%).
It shows Loan 1 EMI, Loan 1 Effective APR, Loan 2 EMI, Loan 2 Effective APR, APR Difference, Recommended Loan, APR Computable, computed instantly from the values you enter.
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