Step # 1: Estimate Savings


Rs. 30 Lakhs
120 months
9.3 %


Your current EMI is ₹ 38,492

Check out Potential Savings from switching
You have two options to choose from - Reduce EMIs or Reduce tenure

With a lower rate of interest, you may choose to just reduce your monthly EMIs and stick to the same tenure(duration) of the loan.

New Rate of InterestNew EMIMonthly SavingsTotal Savings
6.1 % ₹ 33,457 ₹ 5,035 ₹ 604,200
6.3 % ₹ 33,760 ₹ 4,732 ₹ 567,840
6.5 %  4  ₹ 34,064 ₹ 4,428 ₹ 531,360
6.7 %  5  ₹ 34,370 ₹ 4,122 ₹ 494,640
6.9 %  6  ₹ 34,678 ₹ 3,814 ₹ 457,680
7.1 %  6  ₹ 34,987 ₹ 3,505 ₹ 420,600
7.3 %  6  ₹ 35,298 ₹ 3,194 ₹ 383,280
7.5 %  3  ₹ 35,611 ₹ 2,881 ₹ 345,720
7.7 %  2  ₹ 35,924 ₹ 2,568 ₹ 308,160
7.9 %  3  ₹ 36,240 ₹ 2,252 ₹ 270,240
8.1 % ₹ 36,557 ₹ 1,935 ₹ 232,200
8.3 %  2  ₹ 36,876 ₹ 1,616 ₹ 193,920
8.5 %  1  ₹ 37,196 ₹ 1,296 ₹ 155,520
8.7 %  2  ₹ 37,517 ₹ 975 ₹ 117,000
8.9 %  1  ₹ 37,841 ₹ 651 ₹ 78,120
9.1 % ₹ 38,165 ₹ 327 ₹ 39,240


Note:  #  - shows count of lenders with current rate in this range

Even if you switched your loan to a new rate of 9.1% you recover the Slash EMI fees in 46 days of the switch.

OR, you may choose to end your loan faster and continue with the current EMI. This option is chosen by those who want to get debt-free faster.

New Rate of InterestNew tenureTenure shrunk by
6.1 % 99 months 21 months
6.3 % 100 months 20 months
6.5 %  4  102 months 18 months
6.7 %  5  103 months 17 months
6.9 %  6  104 months 16 months
7.1 %  6  105 months 15 months
7.3 %  6  106 months 14 months
7.5 %  3  107 months 13 months
7.7 %  2  108 months 12 months
7.9 %  3  110 months 10 months
8.1 % 111 months 9 months
8.3 %  2  112 months 8 months
8.5 %  1  114 months 6 months
8.7 %  2  115 months 5 months
8.9 %  1  117 months 3 months
9.1 % 118 months 2 months


Note:  #  - shows count of lenders with current rate in this range

Even if you switched your loan to a new rate of 9.1% you recover the Slash EMI fees in 46 days of the switch.