Loan A costs less by

₹1,73,466

1.73 lakh rupees

• Loan A
  ₹32,58,327
• Loan B
  ₹34,31,794

EMI, loan A

₹26,035

EMI, loan B

₹26,799

Interest and fee, loan A

₹32,58,327

Interest and fee, loan B

₹34,31,794

Difference in EMI

₹764.44

• Interest on a reducing balance with a fixed rate. A floating rate changes with the bank’s benchmark, and both loans then move.
• Insurance sold with the loan, prepayment charges and other fees are not included. Ask each bank for its full list of charges.