💵 Currency Selection
Choose your currency for all loan comparisons. All loans must be in the same currency.
Supported currencies:
• 🇺🇸 US Dollar ($) • 🇪🇺 Euro (€) • 🇬🇧 British Pound (£)
• 🇮🇳 Indian Rupee (₹) • 🇨🇦 Canadian Dollar (C$) • 🇦🇺 Australian Dollar (A$)
• 🇯🇵 Japanese Yen (¥) • 🇸🇬 Singapore Dollar (S$)
Pro tip: Compare loans in the same currency to avoid exchange rate confusion
• 🇺🇸 US Dollar ($) • 🇪🇺 Euro (€) • 🇬🇧 British Pound (£)
• 🇮🇳 Indian Rupee (₹) • 🇨🇦 Canadian Dollar (C$) • 🇦🇺 Australian Dollar (A$)
• 🇯🇵 Japanese Yen (¥) • 🇸🇬 Singapore Dollar (S$)
Pro tip: Compare loans in the same currency to avoid exchange rate confusion
🏦 Bank/Lender Name
Name of the bank or financial institution offering the loan.
Why this matters:
• Helps you track which offer is which
• Useful when reviewing PDF reports
• Makes comparison results clearer
Examples: Bank of America, Wells Fargo, HDFC Bank, Chase, etc.
• Helps you track which offer is which
• Useful when reviewing PDF reports
• Makes comparison results clearer
Examples: Bank of America, Wells Fargo, HDFC Bank, Chase, etc.
💰 Loan Amount
Principal amount you want to borrow from each lender.
Important: Use the SAME loan amount for all offers to compare fairly
Example: If you need $500,000, enter $500,000 for all loans
Why same amount? Different amounts make comparison meaningless - you need apples-to-apples comparison
Example: If you need $500,000, enter $500,000 for all loans
Why same amount? Different amounts make comparison meaningless - you need apples-to-apples comparison
📈 Interest Rate (% per year)
Annual interest rate offered by each lender.
This is where loans differ most!
Current market rates (2024-2025):
• 🏠 Home Loans: 6.5-9.5% (varies by country)
• 🚗 Car Loans: 5.0-12.0%
• 💳 Personal Loans: 10.0-25.0%
Pro tip: Even 0.5% difference can save thousands over loan tenure
Current market rates (2024-2025):
• 🏠 Home Loans: 6.5-9.5% (varies by country)
• 🚗 Car Loans: 5.0-12.0%
• 💳 Personal Loans: 10.0-25.0%
Pro tip: Even 0.5% difference can save thousands over loan tenure
⏰ Loan Tenure (Years)
Number of years to repay the loan.
For fair comparison: Use the SAME tenure for all loans
Common tenures:
• Home loans: 15-30 years
• Car loans: 3-7 years
• Personal loans: 1-5 years
Note: Some lenders may offer different tenure options - compare same tenures first
Common tenures:
• Home loans: 15-30 years
• Car loans: 3-7 years
• Personal loans: 1-5 years
Note: Some lenders may offer different tenure options - compare same tenures first
💸 Processing Fee (Optional)
One-time upfront fee charged by the lender.
Hidden cost alert! This can significantly impact total cost
Typical fees:
• Home loans: 0.5-2% of loan amount
• Car loans: $200-$1,000 flat fee
• Personal loans: 1-5% of loan amount
Example: $500K loan with 1% fee = $5,000 upfront cost
Pro tip: Always include this in comparison - it affects total cost
Typical fees:
• Home loans: 0.5-2% of loan amount
• Car loans: $200-$1,000 flat fee
• Personal loans: 1-5% of loan amount
Example: $500K loan with 1% fee = $5,000 upfront cost
Pro tip: Always include this in comparison - it affects total cost
⚡ Prepayment Charges
Penalty percentage if you pay off the loan early.
Why this matters: Affects your flexibility to prepay and save interest
Common charges:
• None (0%) - Best option!
• 1-2% - Moderate penalty
• 3-5% - High penalty
Example: 2% prepayment charge on $200K outstanding = $4,000 penalty
Pro tip: Choose loans with no prepayment charges for maximum flexibility
Common charges:
• None (0%) - Best option!
• 1-2% - Moderate penalty
• 3-5% - High penalty
Example: 2% prepayment charge on $200K outstanding = $4,000 penalty
Pro tip: Choose loans with no prepayment charges for maximum flexibility