Compare two loans side by side before you sign. Enter the amount, interest rate and term for each loan to see the monthly payment, total interest and total cost — and find out which deal is cheaper.
Loan A
Loan B
How to Use
- Enter the loan amount, annual interest rate and term for Loan A.
- Enter the same details for Loan B.
- Click Compare Loans to see both deals side by side.
- Read the verdict to find out which loan costs less overall.
Key Features
- Side-by-side comparison — monthly payment, total interest and total cost for each loan.
- Clear verdict — instantly see which loan is cheaper and by how much.
- Different terms supported — compare loans with different amounts, rates and lengths.
- Amortised maths — uses the standard loan repayment formula.
- 100% private — runs entirely in your browser; nothing is sent or stored.
FAQs
Should I choose the lowest monthly payment?
Not always. A lower monthly payment over a longer term can mean paying far more interest overall. Compare the total cost, not just the monthly figure.
Does this include fees?
No. Arrangement fees, early repayment charges and other costs are not included, so add them yourself when comparing real offers.
What does APR mean here?
Enter the annual interest rate you were quoted. For a true APR comparison, include fees in the loan amount or rate where the lender provides them.
Is this financial advice?
No. This is a planning estimate only. Speak to a qualified adviser before taking on debt.
Related Tools
Try these related tools: Loan Calculator, Mortgage Calculator and EMI Calculator.