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Loan refinancing (student or personal loan)

Compare your current loan with a refinance offer: new EMI, lifetime interest and break-even.

What you enter

  • Outstanding balance
  • Current interest rate
  • Remaining tenure
  • New interest rate
  • New tenure
  • Processing and switching fees

How this is calculated

  • EMIs use the standard formula for each rate and tenure.
  • Net saving = (current total interest − new total interest) − fees.
  • Break-even = fees ÷ monthly EMI saving.

More in this category

⇄ Loan EMI & amortization⇟ Loan prepayment⛓ Debt payoff: snowball vs avalanche▭ Credit card payoff⌂ Loan eligibility & affordability

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.