Ask the lender for both revised EMI and revised tenure in writing.
Loan Interest-rate Reset Calculator
See how a floating-rate reset can change EMI, tenure and remaining interest. Adjust the assumptions, inspect the chart and read the complete guide below.
02 Your projection
Monthly EMI increase after reset₹4,860Updates instantly as you edit
Current EMI₹43,391
Revised EMI to retain tenure₹48,251
Tenure change if EMI is retained (months)149 months
Cost comparisonCurrent versus proposed
MeasureCurrentAfter change
Rate8.50%10.00%
EMI with same tenure₹43,391₹48,251
Tenure with current EMI240 months389 months
Interest with same tenure₹54,13,879₹65,80,260
Full amortisation schedule240 monthly instalments
Projection journeyHover to inspect a year
Shows the RBI-recognised trade-off between changing EMI and changing tenure. Ask the lender for the exact reset statement and applicable switch charge.
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Five smart nudges
Use the result with context.
Do not allow tenure extension to create negative amortisation.
Compare a partial prepayment before accepting a very long extension.
Include switching fees before choosing a fixed option.
Recheck retirement age and goal timelines after every reset.
Understanding Rate Reset in India
Editorially reviewed 14 July 2026 · Rules and assumptions can change
What changes when a floating rate resets
A higher rate increases interest on the outstanding balance. To keep the original end date, EMI must rise. To keep EMI unchanged, the number of instalments must rise, provided the EMI still covers interest. This tool displays both choices instead of hiding a tenure extension behind the original payment.
If EMI is below monthly interest at the new rate, the loan cannot amortise under that payment. The borrower needs a higher EMI, prepayment or another documented restructuring option.
RBI-recognised borrower choices
RBI directions require regulated entities to communicate the impact of resets and provide applicable choices around EMI enhancement, tenure elongation, combinations, part/full prepayment and an offered fixed-rate switch under lender policy. Charges for switching and service should be disclosed.
Ask for the revised EMI, revised number of instalments, annual outstanding statement and total interest under each option. Do not rely only on a phone conversation or app banner.
Stress retirement and goal dates
Tenure extension can carry a home loan into retirement, reducing future saving precisely when the household needs to accumulate. Compare the revised closure age with retirement, education and other debt timelines.
A partial prepayment can restore the original schedule, but it should not consume emergency funds. Use the prepayment calculator alongside this reset screen.
Reset checklist
Verify outstanding principal, current benchmark and spread, new rate, effective date, remaining instalments and every switch fee. Check that no negative amortisation occurs.
Give written instructions for the chosen option and verify the next statement. Preserve revised schedules and communication for later transfer or closure.
Official sources used for this guide
Rates, thresholds and rules can change after the review date. Check the linked authority and the provider’s current documents before acting.
Rate Reset calculator FAQs
Why did tenure rise without EMI changing?
More instalments are required when the new rate allocates more of each EMI to interest.
Can I retain the old end date?
A higher EMI or prepayment may be needed; obtain the lender’s exact calculation.
What is negative amortisation?
It occurs when payment does not cover accrued interest and the balance grows.
Must a fixed switch be offered?
RBI directions provide for an option subject to the regulated entity’s board-approved policy.
Are switch fees included?
The entered fee appears in comparison; verify actual charges in lender disclosures.