Side-by-side calculation

Which of two loan plans costs less?

Change the amount, rate, term and fee. Compare monthly payment and total cost instantly.

Finding the lower-cost plan

Compare the plans

Results update automatically as you change the values.

Metric	Plan A	Plan B
Monthly payment	—	—
Interest cost	—	—
Fee	—	—
Total credit cost	—	—

A lower monthly payment does not always mean a lower total cost. A longer term can increase the interest paid.

How should loan plans be compared?

Use different rates and terms for the same amount. Review the monthly payment first, then total cost including interest and fees. A longer term may lower the payment while raising total repayment.

Which metric matters most?

Monthly payment shows budget pressure while total cost captures the full expense. Use the APR calculator for mandatory costs and the debt-to-income calculator for affordability. APR calculator · Measure debt load.

What should you do after comparing?

Open the selected scenario in the loan calculator and review its repayment schedule. Then check the contract for fees, insurance, late payment and early repayment terms. Loan calculator.

Compare loan plans with matching amounts and payment schedules

Check the amount received, repayment dates and mandatory costs. A simple payment total is not an effective annual rate calculation.

Match the comparison basis

A nominal loan amount can differ from the cash received after a fee. Clarify whether charges are withheld, paid separately or already included in instalments.

Avoid double counting

Do not add a charge again when it is already included in the repayment schedule. Review the lender’s current written offer and effective rate. A calculator is not an approval decision or a personalised loan offer.

Check each stage
Stage	What to clarify	Outcome
1	Match the comparison basis	To be clarified
2	Avoid double counting	To be clarified

Prepare a review plan

Planning only, not service confirmation. This tool does not send the inputs to a server.