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 %  1  ₹ 33,760 ₹ 4,732 ₹ 567,840
6.5 %  5  ₹ 34,064 ₹ 4,428 ₹ 531,360
6.7 %  7  ₹ 34,370 ₹ 4,122 ₹ 494,640
6.9 %  8  ₹ 34,678 ₹ 3,814 ₹ 457,680
7.1 %  8  ₹ 34,987 ₹ 3,505 ₹ 420,600
7.3 %  7  ₹ 35,298 ₹ 3,194 ₹ 383,280
7.5 %  4  ₹ 35,611 ₹ 2,881 ₹ 345,720
7.7 %  3  ₹ 35,924 ₹ 2,568 ₹ 308,160
7.9 %  4  ₹ 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 of Rs 499/- 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 %  1  100 months 20 months
6.5 %  5  102 months 18 months
6.7 %  7  103 months 17 months
6.9 %  8  104 months 16 months
7.1 %  8  105 months 15 months
7.3 %  7  106 months 14 months
7.5 %  4  107 months 13 months
7.7 %  3  108 months 12 months
7.9 %  4  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 of Rs 499/- in 46 days of the switch.