Home Loan Comparison
Side-by-side true-cost analysis
🏦 Loan A (e.g. SBI)
🏦 Loan B (e.g. HDFC)
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Winner
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EMI A
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EMI B
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Total cost A (incl fee)
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Total cost B (incl fee)
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Interest paid A
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Interest paid B
Compare true cost, not EMI
A lower EMI often hides a longer tenure. Always compare TOTAL outgo = (EMI × months) + processing fee. ₹10K fee and 0.2% rate drop can swing the verdict by lakhs over 20 years.
Related tools
What to negotiate besides rate
- Processing fee: negotiable to zero at most private banks (PSU banks hard-coded)
- Rate reset clause: current EBLR-linked vs old MCLR-linked docs — EBLR passes rate cuts faster
- Prepayment penalty: floating-rate retail loans have zero penalty by RBI rule — fixed-rate may have 2-4%
- Insurance bundle: never buy the bundled HLPP — a separate ₹1Cr term plan is cheaper for most
Refinancing math: if a competitor offers 0.5% less, calculate remaining-tenure savings; refinancing fee (typically 0.5-1% + ₹5-15K legal) should be < 1/3rd of savings for the switch to make sense.