Loan Refinancing Calculator India 2025
Compare your current loan with new refinancing options. Calculate exact savings, break-even analysis, and find the perfect refinancing deal with our advanced calculator.
Current Loan Details
Enter your existing loan information
Calculated EMI: ₹52.21 K
New Loan Terms
Enter the proposed refinancing terms
New Principal: ₹50.00 L
Refinancing Costs & Fees
Enter all associated costs for accurate analysis
Processing Fee: ₹25.00 K
Penalty Amount: ₹1.00 L
Refinancing Analysis
Refinancing looks beneficial!
EMI Comparison
Break-even Analysis
Cost Breakdown
What is Loan Refinancing?
Loan refinancing is the process of replacing your existing loan with a new one, typically with better terms such as lower interest rates, different tenure, or improved conditions. This strategic financial move can help reduce monthly payments and total interest costs significantly.
When to Consider Refinancing
Smart timing can save you thousands. Consider refinancing when opportunities align.
Interest rates drop by 0.5-1% or more from your current rate
Credit score improved since you first took the loan
Need to adjust tenure for better cash flow management
Require additional funds through a top-up loan option
How to Monitor Your Loan
Stay informed about market conditions and loan performance to identify opportunities.
Track market rates monthly and compare with your current rate
Monitor credit score for improvements that unlock better terms
Review annual statements to understand remaining principal
Calculate break-even periodically using our calculator
How to Use the Calculator
Follow these simple steps to analyze your refinancing options
Current Loan Details
Outstanding amount, current rate & tenure
New Loan Terms
Interest rate and tenure from new lender
Include All Costs
Processing fees and prepayment penalties
Review Analysis
Break-even period and savings calculation
Current Loan Details
Outstanding amount, current rate, and remaining tenure
New Loan Terms
New interest rate and tenure from prospective lender
Include All Costs
Processing fees, penalties, and legal charges
Review Analysis
Break-even period and comprehensive cost analysis
Frequently Asked Questions About Loan Refinancing
Everything you need to know about personal loans
Need More Help?
Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.
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