What should you consider besides the interest rate?

It is important to consider the cost of new insurance, property valuation (for secured loans) and possible fees for transferring funds. These costs can eat up the benefit of a rate reduction.

How much lower should the bet be to benefit?

Refinancing is considered economically feasible if the new rate is lower than the current rate by at least 1.5–2 percentage points.

Benefits of refinancing

Calculation of savings when switching to a new rate

Balance of debt (₽)

Current conditions

Rate (%)

Remaining (months)

New terms

Rate (%)

Duration (months)

One-time expenses (insurance, extras)

Fill in the data on the left
to calculate the feasibility

Savings per month:

0 ₽

Profitable

Old payment:-

New payment:-

Transaction costs:-

Total savings:-

Payback calculation...

Loan refinancing

Q: Is it profitable to refinance a loan at the end of the term?

As a rule, no. With annuity payments, the principal interest is paid in the first half of the term. Refinancing at the end of the term may result in an overpayment, since you will start paying interest again on a new schedule.

📉 Is it worth refinancing?

Refinancing is getting a new loan to pay off the old one on more favorable terms. But is this always beneficial? Our calculator will help you compare “Was” and “Became” in a minute.

💡 Golden rule: Usually, refinancing is justified if the new rate is below the current minimum by 1.5–2%, and more than half of the term remains until the end of payments.

When is this tool indispensable?

Use calculation in three main situations:

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Load reduction:You want to reduce your monthly payment by increasing the loan term.
Reducing overpayments: You have found a bank with a low rate and want to pay less interest to the bank.
Consolidation of debts: If you have a credit card, a consumer loan and a mortgage, it is more convenient to pay once a month to one bank than to keep track of three dates.

Frequently asked questions (FAQ)

❓ Is it profitable to refinance a loan at the end of the term?

Most often not. With the annuity scheme (the most popular), you pay interest in the first half of the term, and at the end - the body of the debt. If you refinance at the end, you'll start paying interest from scratch again.

❓ What additional costs should I consider?

Bid is not the only indicator. Consider the cost of new insurance (it’s difficult to return the old one), possible real estate valuation (for collateral) and fees for transferring money. Enter these expenses in the “Additional expenses” field to see a fair picture.

❓ Is it possible to combine loans from different banks?

Yes, this is called consolidation. In the “Current loan” field, enter the sum of the balances of all your debts, and in the “Rate” field, enter the weighted average interest rate (or simply the maximum available, to evaluate the benefit).