Loan Refinance — Save Money & Build Wealth
Simulate EMI prepayments to cut years off your loan, or use Reverse SIP to figure out the exact monthly savings needed for your target financial goal.
Loan Refinance Strategy
Calculate if transferring your loan balance to a lower rate bank is worth the transfer fees
₹
₹1,00,000₹5,00,00,000
%
5%20%
%
5%20%
Yrs
1 Yrs30 Yrs
%
0%3%
Current Loan Total Interest
Current EMI₹41.8 K
Principal
₹40.00 L (53.2%)
Current Total Interest
₹35.18 L (46.8%)
New Loan Refinanced Interest
New EMI₹38.8 K
Principal
₹40.00 L (57.1%)
New Total Interest
₹29.85 L (42.6%)
Transfer Costs
₹25.0 K (0.4%)
Refinancing Verdict
Net Lifetime Savings
₹5,08,340
Monthly EMI Reduction
₹3.0 K
Total Transfer Cost
₹25.0 K
Break-Even Period
9 Months
Gross Interest Saved
₹5.33 L
Net Lifetime Savings
₹5,08,340
Highly Recommended to Switch!
Switching your loan saves you ₹5,08,340 net lifetime interest after recovering transfer costs in just 9 months.