📊 Enter Your Numbers
🏦 Take a Loan
💰 Use Your Savings
See the real math. Which option costs you less — taking a loan or using your savings?
Use savings if: Your savings return rate is lower than the loan interest rate. For example, if your savings earn 6-7% FD interest but the loan costs 14-18%, using savings saves you money.
Take a loan if: Your savings are invested at a higher return than the loan rate. Example — if your money is in equity mutual funds earning 12-15%, and a loan costs 8.5% for a home, keep the investments and take the loan.
Emotional factor: Being debt-free has psychological value that this calculator doesn't capture. Many people sleep better without EMIs even if the math says loans are cheaper.
Emergency fund rule: Never drain your emergency fund for a loan vs savings calculation. Keep 6 months of expenses liquid before using any savings.
Tax angle: Home loan interest (Section 24) and principal (80C) give tax benefits. This makes home loans even cheaper than the stated rate for taxpayers. Always factor this in for home loans.
Sirf 'loan nahi lena' ya 'savings nahi todna' — emotional decisions financially galat ho sakte hain. Mathematical comparison se sahi choice karein.
Home appliance, vehicle, medical expense, education — badi purchase ke liye loan lena better hai ya savings use karna — data se decide karein.