Most loan platforms make money by referring you to whichever lender pays the most, dressed up as "the best rate for you." We refer you to RBI-regulated banks and NBFCs too - that's how this business works - but the lowest rate on paper isn't always the cheapest path once you account for how you actually save, prepay, or use a credit line. This tool shows you both numbers: the mathematically cheapest strategy, and the one that's realistic given how consistently you actually save - and tells you plainly when those two answers diverge.
Loan Strategy Analyzer
Prepay, overdraft, or just keep paying? See the actual numbers.
Most calculators tell you your EMI. This tells you which borrowing strategy genuinely costs less — and is honest when the cheapest option on paper isn't the realistic one for how you actually save.
This tool provides estimates based on standard loan amortization math, not a lending decision or an offer of credit. Actual terms depend on the lender you choose. LoanIQ is not a bank or NBFC and does not sanction or disburse loans.