Personal Loan Comparison App

This app was fully developed using GenAI for code.

Curious to know how? Read our blog article: GenAI for Code: Insights from Building This App

Compare two personal loan options by entering details such as principal amount, tenure, interest rates, and prepayment details. This app helps you visualize the total interest paid, outstanding principal over time, and applicable penalties.

General Information

The loan amount you plan to borrow from the bank. The total duration of your loan in years.

Option 1

Annual interest rate charged by the bank. The prepayments you tentatively plan to make and the month of payment. Prepayment charge applied by the bank, helps you know the additional fees apart from interest. The minimum amount you have to prepay as per the bank's rules. The maximum amount you can prepay as per the bank's rules. The earliest month from which prepayment is allowed.

Option 2

Annual interest rate charged by the bank. The prepayments you tentatively plan to make and the month of payment. Prepayment charge applied by the bank, helps you know the additional fees apart from interest. The minimum amount you have to prepay as per the bank's rules. The maximum amount you can prepay as per the bank's rules. The earliest month from which prepayment is allowed.

EMI for Option 1:

Total Interest for Option 1:

EMI for Option 2:

Total Interest for Option 2:

Interest Calculation

Principal Repayment