Source: https://awesomecalcs.com/loan-comparison-calculator/4-lender-offers-1000000
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# Loan Comparison: 4 Lenders, 10 Lakh Loan

> A maximal 4-offer comparison on a 10 lakh loan across a range of rates and fee structures.

Interactive calculator: https://awesomecalcs.com/loan-comparison-calculator/4-lender-offers-1000000

Keywords: compare 4 loan offers, loan comparison 10 lakh

## Scenario inputs

```json
{
  "inputs": {
    "offers": [
      {
        "label": "Lender A",
        "loanAmount": 1000000,
        "annualInterestRate": 11,
        "tenureMonths": 36,
        "processingFeeType": "amount",
        "processingFeeValue": 15000,
        "otherCharges": 0
      },
      {
        "label": "Lender B",
        "loanAmount": 1000000,
        "annualInterestRate": 10.5,
        "tenureMonths": 36,
        "processingFeeType": "amount",
        "processingFeeValue": 10000,
        "otherCharges": 0
      },
      {
        "label": "Lender C",
        "loanAmount": 1000000,
        "annualInterestRate": 10,
        "tenureMonths": 36,
        "processingFeeType": "amount",
        "processingFeeValue": 25000,
        "otherCharges": 5000
      },
      {
        "label": "Lender D",
        "loanAmount": 1000000,
        "annualInterestRate": 12,
        "tenureMonths": 36,
        "processingFeeType": "amount",
        "processingFeeValue": 0,
        "otherCharges": 0
      }
    ]
  }
}
```

## Frequently asked questions

### Is it worth collecting 4 loan offers before deciding?

For a meaningful loan amount, yes: even a handful of quotes from different banks and NBFCs often reveals a wide spread in total cost, well beyond what the advertised rates alone would suggest.