This loan comparison calculator works out the monthly payment and total cost of two loans, so you can see which one actually costs less — not just which one has the lower payment.
A lower payment isn’t always cheaper
When comparing loans, a smaller monthly payment can hide more interest if the term is longer. This tool calculates the payment and, more importantly, the total interest and total amount paid over the life of each loan, so you can compare them fairly.
Example: same amount, different terms
A €20,000 loan at 8.5% over 4 years ends up costing less in total interest than the same amount at 7% over 5 years — even though its monthly payment is higher — simply because the shorter term means less time for interest to add up. Enter your own numbers to see which offer wins.
For guidance only — not financial advice.