Estimate the real cost of borrowing before you take the money.
EMI · fees · effective rate (EIR/APR) · affordability verdict · escape routes · a final go/no-go filter
Everything runs locally in your browser. Nothing is stored on a server or sent anywhere. Your currency, checklist ticks, and written commitment are kept on this device so you can come back to them — clear them anytime with the button under the results.
Private by design
Step 1 · Loan details
Start with the basics
Amount, rate, tenure, interest type, and any fees. Results update as you type — no button needed.
Have the paperwork instead of the numbers?Paste a loan agreement, term sheet, SMS, or email to Summaverick — it will read the raw text and hand back a clear summary you can use to fill in the fields below.
All ISO 4217 currencies via your browser’s Intl data. Symbol and decimal places are locale-correct. Full details are in the page Guide.
INR ₹
% p.a.
Interest type
One-time fee charged upfront. Included in the effective rate shown in the results.
INR ₹
Deducted upfront; included in the effective rate.
Step 2 · Refine
Refine my assessment
Optional — opportunity cost, extra payments, income & personalized guidance+
These inputs stay on your device and unlock the opportunity-cost illustration, the extra-payment simulation, an income-based affordability check, and reason-specific guidance.
Payoff & opportunity
% p.a.
Conservative long-run return for the “what if invested” figure.
INR ₹
% of prepaid
Applied to principal repaid ahead of schedule.
Affordability
INR ₹
INR ₹
We calculate your debt-to-income ratio from these — you don’t need to judge any threshold yourself. Comfort levels vary by lender, product, and country.
Why are you borrowing?
Selecting a reason unlocks tailored, rule-based guidance below the results.
Step 3 · How to save yourself
Personalized guidance
Worth a careful look
Start with these three
More ways to reduce the cost
A question worth answering
Next 30 days
Next 60 days
Next 90 days
Alternative paths
Why you’re seeing this
Step 4 · Before you sign
Escape routes — try these first
Everything here is cheaper than the loan above. Tick what you have already tried; the final filter further down reads your Tier 1 answers.
Tier 3 · If you must borrow
Indicative annual cost by lender type. Ranges shift a lot by country, product, and credit history — the calculator above is the source of truth for any real offer.
Lender
Typical APR
Use only if
Red flags
Walk away if the lender…
Any single one of these is reason enough to stop. Legitimate lenders put terms in writing and let you take your time.
The decision
Final filter
Unanswered
Seven questions. The ones marked “from your numbers” are answered by the calculator — you can override any of them. Three or more “no” answers means today is not the day.
Commit
If you do borrow, write it down
A payoff plan you can point at beats one you intend. This stays on your device and travels with the copied or downloaded summary.
INR ₹
INR ₹
Built for clarity, not pressure — so the choice is fully yours.