Loan vs Full Payment
See whether financing a purchase with a real loan beats paying the full price upfront.
When you buy something big — a car, an appliance, a gadget — you can either pay the full price now, or take a loan and keep that cash invested elsewhere instead. This calculator compares the upfront price to the present value of your loan installments (discounted at your expected investment return), so you can see which option is actually cheaper in today's money. Unlike "No Cost EMI" schemes, this models a real loan with a genuine interest rate.
Your inputs
Your result
Taking the loan means you keep ₹8L invested instead of spending it today. Whether that beats paying upfront depends on whether your alternative return can outrun the loan's interest rate.
The comparison discounts the loan's installments to today's rupees using your expected alternative return, since keeping your cash invested longer is worth something.
Risk note · Indicative only. Your actual EMI, fees, prepayment terms and any charges are set by your lender's sanction letter and can differ from these assumptions (e.g. floating rates reset, fees vary by lender and scheme). Interest on bank loans carries no GST; lender fees and charges do.
Disclaimer · finkit is an educational tool, not financial, tax or legal advice. Every result is a projection from the numbers you entered and the assumptions stated on the page — it is not a forecast, a quote, or an offer. Check decisions with a SEBI-registered adviser, your lender, or a tax professional.
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