GenzeeLoan Comparison Calculator
Compare two loan offers side by side — monthly payment and total interest — to see which one actually costs less.
Loan B costs less overall
PKR 138,656 less interest
Why comparing loans isn't just about the interest rate
The lowest advertised interest rate doesn't always mean the lowest total cost — a shorter term at a slightly higher rate can cost less in total interest than a longer term at a lower rate, because total interest depends on both the rate and how long the balance stays outstanding. Comparing monthly payment alone can also mislead, since a lower payment often just means a longer term and more total interest.
What to actually compare
Total interest paid over the full loan life is the most complete single number for comparing overall cost between two loans of the same amount. Monthly payment matters separately for budgeting purposes — the "best" loan for a given situation sometimes trades a higher monthly payment for significantly lower total interest, or vice versa, depending on what matters more to the borrower.
Beyond the numbers this calculator shows
Real loan offers often differ in origination fees, prepayment penalties, and other terms not captured by rate and term alone. Use this calculator to compare the core interest cost, then factor in any additional fees or conditions from the actual loan documents before making a final decision.
Frequently asked questions
Should I always pick the loan with lower total interest?
It's the right default comparison for pure cost, but not the only consideration — a loan with a higher monthly payment but lower total interest might strain your monthly budget more than it's worth, depending on your situation.
Does this account for fees?
No — this compares interest cost based on amount, rate and term only. Add any origination fees, processing charges or other costs to each loan's total separately for a complete comparison.
What if the two loans have different amounts?
You can still compare them directly — the calculator shows each loan's own total interest and payment independently, which is meaningful even when amounts differ, though comparing cost-per-rupee-borrowed can add useful context in that case.