Your current loan vs the new offer

Current Loan Where you are

Outstanding Principal?The remaining loan amount you still owe — not the original loan amount. Check your latest bank statement.

Current Interest Rate (% p.a.)?The annual interest rate you are currently paying on your existing loan.

Remaining Tenure?How many months or years are left on your current loan.

Unit?Choose whether your remaining tenure is in months or years.

Prepayment Penalty?Some lenders charge a fee when you close a loan early. Check your loan agreement. Enter 0 if none.

Current Lender Name?Optional. The bank or NBFC you currently have the loan with.

New Offer Where you could be

New Interest Rate (% p.a.)?The interest rate offered by the new lender you want to transfer to.

Processing Fee (₹)?One-time fee the new lender charges to process the balance transfer. Enter the flat amount in rupees.

New Lender Name?Optional. The bank or NBFC you want to transfer the loan to.

Net Savings

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EMI Saving

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Break-Even

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Rate Drop

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Comparison

Current Loan

New Offer

Interest Rate — —

Monthly EMI — —

Total Interest — —

Switch Cost — —

Total Cost — —

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RBI-based benchmarks

Rates sourced from RBI data and public lender cards.

Rates last checked: March 2026 · View RBI rate history →

Is Switching Your Loan
Actually Worth It?

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RBI-based benchmarks

Related guides

Is Switching Your LoanActually Worth It?

Calculating...

Zero data stored

Free forever

RBI-based benchmarks

Related guides

Is Switching Your Loan
Actually Worth It?