Refinance Calculator
Compare your current loan with refinancing options. Calculate savings from lower interest rates and plan your refinance strategy.
When to Refinance
Refinancing means taking a new loan at better terms to repay the old loan. Benefits: lower EMI, reduced interest, shortened tenure, or combined existing loans. Costs: processing fee, legal charges. Refinance if: new rate is 1%+ lower, loan tenure is long remaining, processing costs are recovered in 2 years.
Compare Refinance Options
Outstanding Loan (₹)₹15,00,000
₹
Current Rate (%)9%
%
New Rate (%)7.5%
%
Results
Current EMI
₹15,000
New EMI
₹13,500
Monthly Savings
₹1,500
Annual Savings
₹18,000