EMI Comparison

Compare Equated Monthly Installments (EMI) from different banks. Analyze how tenure and interest rate changes affect your monthly outflow.

Loan Option A

Loan Amount ($)

Interest Rate (%)

Term (Years)

Monthly Payment

$1264.14

Total Interest

$255089

Loan Option B

Loan Amount ($)

Interest Rate (%)

Term (Years)

Monthly Payment

$1634.17

Costs +$370.03/mo

Total Interest

$94150

Recommendation

Loan Option BBest Choice

Option B saves you $160939 in total payments over the life of the loan.