Smart Loan Refinance Calculator

The Loan Refinance Calculator helps you evaluate refinancing benefits by comparing your current loan terms with potential new options. It provides a clear breakdown of monthly EMIs, total interest payable, and potential savings over the loan tenure. By entering details such as the outstanding loan amount, current interest rate, proposed interest rate, and remaining tenure, you can instantly see how refinancing could reduce your financial burden. This tool empowers you to make an informed decision on whether refinancing is the right strategy for you, highlighting not only immediate cash flow improvements but also long-term interest savings. It is designed to be user-friendly, accurate, and reliable for both personal and business loan refinancing scenarios.

Loan Refinance Calculator

Loan Refinance Summary

Old EMI ₹0
New EMI ₹0
Total Payable (Old) ₹0
Total Payable (New) ₹0
You Save ₹0

What is Loan Refinance?

  • Loan refinance means replacing your existing loan with a new one, often at a lower interest rate.
  • It can reduce your EMI or overall interest cost.
  • You may extend tenure for lower EMIs or shorten it to finish loan faster.
  • Helps in improving cash flow and financial planning.

Benefits of Loan Refinance

  • Lower monthly EMI payments.
  • Reduced overall interest outgo.
  • Flexibility in loan tenure.
  • Better cash flow management.

Loan Refinance Calculator

Our Loan Refinance Calculator helps you determine whether refinancing your existing loan is beneficial. It compares your current loan terms with potential new loan terms to calculate savings in interest and changes in monthly EMIs.

How It Works

Enter your current loan details such as outstanding amount, interest rate, and tenure. Then, input the new refinancing rate and tenure. The calculator will compute your new EMI, total repayment, and potential savings compared to your current loan.

Who Should Use This Calculator?

Home loan borrowers, personal loan borrowers, and anyone considering refinancing options can benefit from this tool. It is especially useful before committing to a refinancing offer from banks or NBFCs.

Disclaimer

This calculator provides an indicative figure of potential savings. Please consult with your financial advisor or lending institution for exact terms, charges, and eligibility before making refinancing decisions.

Key Insights At A Glance

Advantages

Save on Interest

Compare old vs. new loan terms and instantly see potential savings on total interest outgo.

Flexible Tenure

Check how changing loan tenure affects your monthly EMIs and total repayment amount.

Better Planning

Evaluate whether refinancing helps reduce financial burden and plan ahead accordingly.

Instant Comparison

Quickly view old vs. new EMI and repayment schedules.

Savings Estimator

See how much you could save by refinancing at a lower rate.

Customizable Inputs

Modify tenure and interest rates to test multiple scenarios.

Disadvantages

Estimates Only

Results are indicative and should not be taken as financial advice.

Hidden Costs

Refinancing may include charges such as processing fees, foreclosure penalties, or administrative costs.

Key Statistics

Interest Rate Range

6% - 14%

Typical refinancing rates offered by major banks and NBFCs in India.

Updated For

2025

Data and calculations reflect latest lending trends for FY 2025-26.