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Refinance Personal Loan Calculator

Calculate your monthly savings by refinancing your personal loan using our trusted tool
Updated 16 February 2025
  • Wondering how much refinancing a personal loan will save you per month? Our calculator shows you in seconds. 
  • To use the calculator, enter your current loan balance, loan terms remaining (i.e. number of months) and the current interest rate. You then will enter in the refinanced amount, the loan term and interest rate.
  • The calculator will show your new payment, monthly savings (i.e. current loan vs refinanced loan) and display your current/original payment.
  • You can click on Compare Lenders to see the latest personal loan offers.
Refinance Personal Loan Calculator
Current loan
Original Loan Amount
Original Loan Term in Months
Current Interest Rate
New loan
Refinanced Loan Amount
New Loan Term in Months
New Interest Rate
Refinancing your personal loan could save you:
New payment
Monthly savings
Original payment
Compare Personal Loans
Disclaimer: This is a guide using standard assumptions to estimate your monthly personal loan repayment cost. It excludes late fees, early repayment fees, account management fees and penalty interest for late repayments. Before refinancing any loan, ask  the lender for the total cost of the borrowing and compare this to your existing loan agreement. This calculator assumes interest rates are fixed - some lenders offer floating interest rate personal loans.
Christopher Walsh
MoneyHub Founder
Unlock the Best Personal Loan Rates with MoneyHub – Don't Overpay When Getting Personal Loan

Are you tired of overpaying with high interest rates and exorbitant fees? Our research shortlists three outstanding lenders known for their fair rates and reliable service:
Checking what interest rate you'll get is quick and easy - just a few minutes could save you thousands, given the range of interest rates. 

Remember, it's the interest rate you agree to now that makes a huge difference when you repay your loan week after week. We believe that signing up for finance with a car salesperson or via a bank is unlikely to be the cheapest option.

Advertising Disclosure: We may earn a commission from loans, but our top picks are always based on rigorous research and your best interest.
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