We look at more than the headline rate. The real question is whether the loan is fair once fees, rules, and borrower fit are all counted.
LoanChecker exists for one reason. Most borrowers see one number and assume that tells the full story. It usually does not. A loan can look cheap on paper and still end up costly once fees, reset rules, prepayment charges, and timing are added in.
That is why we judge loans the way a careful borrower would. We compare what the lender advertises with what the borrower is likely to pay in real life. The goal is not to shame every lender. The goal is to make the hidden parts easier to see.
We note the starting rate and the full range, because the lowest number on a banner is rarely what everyone gets.
Processing fees, GST, documentation charges, and other add ons can make a loan feel cheaper than it really is.
For floating loans, the timing of rate resets matters. A small delay or mismatch can change the real cost a lot.
Some loans look friendly until you try to close or part pay them early. We treat that as part of the real price.
A rate can be fine for one borrower and poor for another. Income type, loan size, and purpose all matter.
We give more credit to lenders that explain their terms clearly and less to ones that hide the important bits in fine print.
We do not sort lenders by who pays us, because this site does not sell ranking slots.
You can use the tools without creating an account. The calculation stays in your browser.
We do not pretend one score explains everything. Loan decisions still depend on your file and the lender's policy.
We check public RBI information, lender rate cards, and product pages, then update the site when something important changes. If a lender moves a fee, changes a benchmark, or rewrites a rule, we try to reflect that as clearly as possible.
For a finance site, freshness matters. But honesty matters too. If something is uncertain or the lender has too many exceptions, we would rather say that plainly than dress it up.
LoanChecker asks before using cookies for simple analytics. If you decline, we respect that choice. The calculations still work. We do not require login, and we do not store your personal loan details on our servers because there are no loan detail servers to begin with.
If we ever earn money from ads, affiliate links, or partnerships, we will explain that openly. Transparency is not a slogan here. It is the site.
Check the loan checker if you want a quick fairness test, or use compare offers when you are deciding between lenders. If you spot a bad number, email us at loanchecker.in@gmail.com.