Rytvae Consulting · Think Right · Invest Right
Loan Comparison Calculator
Result
Chart
Show formula & working
Total cost = (EMI × n − Loan) + Processing fee × (1 + GST) + Other charges
APR = monthly IRR of (Loan − fees − charges, −EMI × n) × 12
Details
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
A lower rate with a high fee can cost more than a slightly higher rate with no fee — especially if you expect to prepay or switch early.
Total cost assumes you keep each loan for its full tenure; APR lets you compare offers for different amounts or tenures.
Frequently asked questions
Which matters more: rate or fees?
Over a long loan, the rate usually matters more. Over a short horizon, or if you may switch early, fees weigh more.
What about floating rates?
Rates on floating loans change over time. Compare the spread over the benchmark too, as that usually stays fixed.
Talk to Rytvae
Compare lenders, structure the loan and plan prepayments with someone who reads sanction letters for a living.