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Loan switch and rate reset

₹

₹40 lakh

10,000 ₹Step: 10,000 ₹1,60,00,000 ₹
%
0 %Step: 0.5 %30 %
months
12 monthsStep: 1 months360 months
%
0 %Step: 0.5 %30 %
₹
0 ₹Step: 1,000 ₹1,00,000 ₹
Keep the EMI and shorten the tenure*
points
-3 pointsStep: 0.25 points3 points
month
1 monthStep: 1 month360 month
Response to the reset*
Assumptions

The current loan runs at the current rate for the remaining tenure. The switched loan restarts at the offered rate: keeping the EMI shortens the tenure, otherwise the EMI falls over the same tenure and the break-even month is the switching cost divided by the monthly saving. Net saving is total interest saved less costs. RBI rules remove prepayment charges on floating-rate loans to individuals, so no exit charge is added; fixed-rate loans need the lender's penalty added to costs. The reset test re-amortises the current loan from the chosen month at the shocked rate.

Rules: RBI policy, August 2026, reviewed 2026-09-11.

RBI · Pre-payment Charges on Loans Directions, 2025

Estimates are not personalised financial advice. Review assumptions before use.

Net saving from switching

₹8.75 lakh

Based on your inputs. Not guaranteed. Exact amount: ₹8,74,796.

Current EMI₹40,809
EMI after switching₹40,809
Monthly saving (when EMI is reduced)₹0

Stay or switch

The switch is worth it when the second bar is lower; the break-even month is in the details.
Interest if you stay₹33.46 lakh
EMI ₹40,809
Interest if you switch₹24.71 lakh
Including ₹25,000 of costs

The switch is worth it when the second bar is lower; the break-even month is in the details.

View detailed breakdown
Where your payments go

Each payment is split between interest and reducing the loan balance.

What is break-even?

The month by which interest saved has covered the switching costs. Beyond it, the switch is ahead.

Detailed results

ResultValue
Net saving from switching₹8.75 lakh
Current EMI₹40,809
EMI after switching₹40,809
Monthly saving (when EMI is reduced)₹0
Months cut (when EMI is kept)22 months
Break-even month for the switching cost7 months
Interest remaining on the current loan₹33.46 lakh
Interest on the switched loan₹24.46 lakh
Switching costs₹25,000
Tenure after a 1-point reset204 months
Extra interest caused by the reset₹9.47 lakh

Costs are recovered in month 7. No prepayment charge is added for a floating-rate loan (RBI directions); add a lender penalty to costs for a fixed-rate loan.

Schedule

MonthOpening balancePaymentInterestPrincipal repaidClosing balance
1₹40 lakh₹40,809₹26,333₹14,476₹39.86 lakh
2₹39.86 lakh₹40,809₹26,238₹14,571₹39.71 lakh
3₹39.71 lakh₹40,809₹26,142₹14,667₹39.56 lakh
4₹39.56 lakh₹40,809₹26,046₹14,763₹39.42 lakh
5₹39.42 lakh₹40,809₹25,948₹14,861₹39.27 lakh
6₹39.27 lakh₹40,809₹25,851₹14,958₹39.12 lakh
7₹39.12 lakh₹40,809₹25,752₹15,057₹38.97 lakh
8₹38.97 lakh₹40,809₹25,653₹15,156₹38.81 lakh
9₹38.81 lakh₹40,809₹25,553₹15,256₹38.66 lakh
10₹38.66 lakh₹40,809₹25,453₹15,356₹38.51 lakh
11₹38.51 lakh₹40,809₹25,352₹15,457₹38.35 lakh
12₹38.35 lakh₹40,809₹25,250₹15,559₹38.2 lakh
13₹38.2 lakh₹40,809₹25,147₹15,662₹38.04 lakh
14₹38.04 lakh₹40,809₹25,044₹15,765₹37.88 lakh
15₹37.88 lakh₹40,809₹24,941₹15,868₹37.73 lakh
16₹37.73 lakh₹40,809₹24,836₹15,973₹37.57 lakh
17₹37.57 lakh₹40,809₹24,731₹16,078₹37.41 lakh
18₹37.41 lakh₹40,809₹24,625₹16,184₹37.24 lakh
19₹37.24 lakh₹40,809₹24,519₹16,290₹37.08 lakh
20₹37.08 lakh₹40,809₹24,411₹16,398₹36.92 lakh
21₹36.92 lakh₹40,809₹24,303₹16,506₹36.75 lakh
22₹36.75 lakh₹40,809₹24,195₹16,614₹36.59 lakh
23₹36.59 lakh₹40,809₹24,085₹16,724₹36.42 lakh
24₹36.42 lakh₹40,809₹23,975₹16,834₹36.25 lakh
25₹36.25 lakh₹40,809₹23,864₹16,945₹36.08 lakh
26₹36.08 lakh₹40,809₹23,753₹17,056₹35.91 lakh
27₹35.91 lakh₹40,809₹23,641₹17,168₹35.74 lakh
28₹35.74 lakh₹40,809₹23,528₹17,281₹35.57 lakh
29₹35.57 lakh₹40,809₹23,414₹17,395₹35.39 lakh
30₹35.39 lakh₹40,809₹23,299₹17,510₹35.22 lakh
31₹35.22 lakh₹40,809₹23,184₹17,625₹35.04 lakh
32₹35.04 lakh₹40,809₹23,068₹17,741₹34.86 lakh
33₹34.86 lakh₹40,809₹22,951₹17,858₹34.68 lakh
34₹34.68 lakh₹40,809₹22,834₹17,975₹34.5 lakh
35₹34.5 lakh₹40,809₹22,715₹18,094₹34.32 lakh
36₹34.32 lakh₹40,809₹22,596₹18,213₹34.14 lakh
37₹34.14 lakh₹40,809₹22,476₹18,333₹33.96 lakh
38₹33.96 lakh₹40,809₹22,356₹18,453₹33.77 lakh
39₹33.77 lakh₹40,809₹22,234₹18,575₹33.59 lakh
40₹33.59 lakh₹40,809₹22,112₹18,697₹33.4 lakh
41₹33.4 lakh₹40,809₹21,989₹18,820₹33.21 lakh
42₹33.21 lakh₹40,809₹21,865₹18,944₹33.02 lakh
43₹33.02 lakh₹40,809₹21,740₹19,069₹32.83 lakh
44₹32.83 lakh₹40,809₹21,614₹19,194₹32.64 lakh
45₹32.64 lakh₹40,809₹21,488₹19,321₹32.45 lakh
46₹32.45 lakh₹40,809₹21,361₹19,448₹32.25 lakh
47₹32.25 lakh₹40,809₹21,233₹19,576₹32.06 lakh
48₹32.06 lakh₹40,809₹21,104₹19,705₹31.86 lakh
49₹31.86 lakh₹40,809₹20,974₹19,835₹31.66 lakh
50₹31.66 lakh₹40,809₹20,844₹19,965₹31.46 lakh
51₹31.46 lakh₹40,809₹20,712₹20,097₹31.26 lakh
52₹31.26 lakh₹40,809₹20,580₹20,229₹31.06 lakh
53₹31.06 lakh₹40,809₹20,447₹20,362₹30.85 lakh
54₹30.85 lakh₹40,809₹20,313₹20,496₹30.65 lakh
55₹30.65 lakh₹40,809₹20,178₹20,631₹30.44 lakh
56₹30.44 lakh₹40,809₹20,042₹20,767₹30.24 lakh
57₹30.24 lakh₹40,809₹19,905₹20,904₹30.03 lakh
58₹30.03 lakh₹40,809₹19,768₹21,041₹29.82 lakh
59₹29.82 lakh₹40,809₹19,629₹21,180₹29.6 lakh
60₹29.6 lakh₹40,809₹19,490₹21,319₹29.39 lakh
61₹29.39 lakh₹40,809₹19,349₹21,460₹29.18 lakh
62₹29.18 lakh₹40,809₹19,208₹21,601₹28.96 lakh
63₹28.96 lakh₹40,809₹19,066₹21,743₹28.74 lakh
64₹28.74 lakh₹40,809₹18,923₹21,886₹28.52 lakh
65₹28.52 lakh₹40,809₹18,779₹22,030₹28.3 lakh
66₹28.3 lakh₹40,809₹18,634₹22,175₹28.08 lakh
67₹28.08 lakh₹40,809₹18,488₹22,321₹27.86 lakh
68₹27.86 lakh₹40,809₹18,341₹22,468₹27.63 lakh
69₹27.63 lakh₹40,809₹18,193₹22,616₹27.41 lakh
70₹27.41 lakh₹40,809₹18,044₹22,765₹27.18 lakh
71₹27.18 lakh₹40,809₹17,894₹22,915₹26.95 lakh
72₹26.95 lakh₹40,809₹17,743₹23,066₹26.72 lakh
73₹26.72 lakh₹40,809₹17,591₹23,218₹26.49 lakh
74₹26.49 lakh₹40,809₹17,438₹23,371₹26.26 lakh
75₹26.26 lakh₹40,809₹17,285₹23,524₹26.02 lakh
76₹26.02 lakh₹40,809₹17,130₹23,679₹25.78 lakh
77₹25.78 lakh₹40,809₹16,974₹23,835₹25.54 lakh
78₹25.54 lakh₹40,809₹16,817₹23,992₹25.3 lakh
79₹25.3 lakh₹40,809₹16,659₹24,150₹25.06 lakh
80₹25.06 lakh₹40,809₹16,500₹24,309₹24.82 lakh
81₹24.82 lakh₹40,809₹16,340₹24,469₹24.58 lakh
82₹24.58 lakh₹40,809₹16,179₹24,630₹24.33 lakh
83₹24.33 lakh₹40,809₹16,017₹24,792₹24.08 lakh
84₹24.08 lakh₹40,809₹15,854₹24,955₹23.83 lakh
85₹23.83 lakh₹40,809₹15,689₹25,120₹23.58 lakh
86₹23.58 lakh₹40,809₹15,524₹25,285₹23.33 lakh
87₹23.33 lakh₹40,809₹15,357₹25,452₹23.07 lakh
88₹23.07 lakh₹40,809₹15,190₹25,619₹22.82 lakh
89₹22.82 lakh₹40,809₹15,021₹25,788₹22.56 lakh
90₹22.56 lakh₹40,809₹14,851₹25,958₹22.3 lakh
91₹22.3 lakh₹40,809₹14,681₹26,128₹22.04 lakh
92₹22.04 lakh₹40,809₹14,509₹26,300₹21.78 lakh
93₹21.78 lakh₹40,809₹14,335₹26,474₹21.51 lakh
94₹21.51 lakh₹40,809₹14,161₹26,648₹21.24 lakh
95₹21.24 lakh₹40,809₹13,986₹26,823₹20.98 lakh
96₹20.98 lakh₹40,809₹13,809₹27,000₹20.71 lakh
97₹20.71 lakh₹40,809₹13,631₹27,178₹20.43 lakh
98₹20.43 lakh₹40,809₹13,452₹27,357₹20.16 lakh
99₹20.16 lakh₹40,809₹13,272₹27,537₹19.89 lakh
100₹19.89 lakh₹40,809₹13,091₹27,718₹19.61 lakh
101₹19.61 lakh₹40,809₹12,909₹27,900₹19.33 lakh
102₹19.33 lakh₹40,809₹12,725₹28,084₹19.05 lakh
103₹19.05 lakh₹40,809₹12,540₹28,269₹18.77 lakh
104₹18.77 lakh₹40,809₹12,354₹28,455₹18.48 lakh
105₹18.48 lakh₹40,809₹12,167₹28,642₹18.19 lakh
106₹18.19 lakh₹40,809₹11,978₹28,831₹17.91 lakh
107₹17.91 lakh₹40,809₹11,788₹29,021₹17.62 lakh
108₹17.62 lakh₹40,809₹11,597₹29,212₹17.32 lakh
109₹17.32 lakh₹40,809₹11,405₹29,404₹17.03 lakh
110₹17.03 lakh₹40,809₹11,211₹29,598₹16.73 lakh
111₹16.73 lakh₹40,809₹11,016₹29,793₹16.44 lakh
112₹16.44 lakh₹40,809₹10,820₹29,989₹16.14 lakh
113₹16.14 lakh₹40,809₹10,623₹30,186₹15.83 lakh
114₹15.83 lakh₹40,809₹10,424₹30,385₹15.53 lakh
115₹15.53 lakh₹40,809₹10,224₹30,585₹15.22 lakh
116₹15.22 lakh₹40,809₹10,023₹30,786₹14.92 lakh
117₹14.92 lakh₹40,809₹9,820₹30,989₹14.61 lakh
118₹14.61 lakh₹40,809₹9,616₹31,193₹14.29 lakh
119₹14.29 lakh₹40,809₹9,411₹31,398₹13.98 lakh
120₹13.98 lakh₹40,809₹9,204₹31,605₹13.66 lakh
121₹13.66 lakh₹40,809₹8,996₹31,813₹13.35 lakh
122₹13.35 lakh₹40,809₹8,786₹32,023₹13.03 lakh
123₹13.03 lakh₹40,809₹8,576₹32,233₹12.7 lakh
124₹12.7 lakh₹40,809₹8,363₹32,446₹12.38 lakh
125₹12.38 lakh₹40,809₹8,150₹32,659₹12.05 lakh
126₹12.05 lakh₹40,809₹7,935₹32,874₹11.72 lakh
127₹11.72 lakh₹40,809₹7,718₹33,091₹11.39 lakh
128₹11.39 lakh₹40,809₹7,501₹33,308₹11.06 lakh
129₹11.06 lakh₹40,809₹7,281₹33,528₹10.72 lakh
130₹10.72 lakh₹40,809₹7,061₹33,748₹10.39 lakh
131₹10.39 lakh₹40,809₹6,838₹33,971₹10.05 lakh
132₹10.05 lakh₹40,809₹6,615₹34,194₹9.71 lakh
133₹9.71 lakh₹40,809₹6,390₹34,419₹9.36 lakh
134₹9.36 lakh₹40,809₹6,163₹34,646₹9.02 lakh
135₹9.02 lakh₹40,809₹5,935₹34,874₹8.67 lakh
136₹8.67 lakh₹40,809₹5,705₹35,104₹8.32 lakh
137₹8.32 lakh₹40,809₹5,474₹35,335₹7.96 lakh
138₹7.96 lakh₹40,809₹5,242₹35,567₹7.61 lakh
139₹7.61 lakh₹40,809₹5,007₹35,801₹7.25 lakh
140₹7.25 lakh₹40,809₹4,772₹36,037₹6.89 lakh
141₹6.89 lakh₹40,809₹4,535₹36,274₹6.53 lakh
142₹6.53 lakh₹40,809₹4,296₹36,513₹6.16 lakh
143₹6.16 lakh₹40,809₹4,055₹36,754₹5.79 lakh
144₹5.79 lakh₹40,809₹3,813₹36,996₹5.42 lakh
145₹5.42 lakh₹40,809₹3,570₹37,239₹5.05 lakh
146₹5.05 lakh₹40,809₹3,325₹37,484₹4.68 lakh
147₹4.68 lakh₹40,809₹3,078₹37,731₹4.3 lakh
148₹4.3 lakh₹40,809₹2,830₹37,979₹3.92 lakh
149₹3.92 lakh₹40,809₹2,579₹38,229₹3.54 lakh
150₹3.54 lakh₹40,809₹2,328₹38,481₹3.15 lakh
151₹3.15 lakh₹40,809₹2,074₹38,734₹2.76 lakh
152₹2.76 lakh₹40,809₹1,819₹38,989₹2.37 lakh
153₹2.37 lakh₹40,809₹1,563₹39,246₹1.98 lakh
154₹1.98 lakh₹40,809₹1,304₹39,505₹1.59 lakh
155₹1.59 lakh₹40,809₹1,044₹39,765₹1.19 lakh
156₹1.19 lakh₹40,809₹783₹40,026₹78,846
157₹78,846₹40,809₹519₹40,290₹38,556
158₹38,556₹38,810₹254₹38,556₹0
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