What to compare on every loan offer

Advertised rates are only the starting point. A cheaper-looking loan can cost more after origination fees, prepayment penalties, or a longer term.

1
APR, not just interest rate
APR includes many fees and is the fairer comparison number.
2
Total interest over the full term
A lower EMI with a longer tenure can raise lifetime cost.
3
Credit impact of multiple applications
Rate-shop within a short window when possible.