Are you overpaying?
We score your rate against 15 banks and show you the exact ₹ you could save — no email required.
Your Current Loan Details
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Rs 1 Lakh to Rs 10 Crore
How Healthy Is Your Loan?
Fill in your loan details and tap the button to instantly discover if you are overpaying -- and by how much.
0-100
Score Range
15
Banks Compared
Free
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15 Banks Compared
SBI, HDFC, ICICI, Axis, Kotak and 10 more
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Everything About Loan Health Scores
Answers to the most common questions about checking and optimizing your loan.
What is a Loan Health Score?
A Loan Health Score is a 0-100 rating that shows how optimal your current loan rate is compared to the best available market rates. A higher score means your loan is well-priced, while a lower score indicates you are paying significantly more interest than necessary.
How is the Loan Health Score calculated?
We compare your current interest rate against the lowest available rate from 15 major banks for your loan type. The score factors in the rate difference: within 0.25% of the best rate scores 90-100 (Excellent), within 0.50% scores 70-89 (Good), within 1.00% scores 50-69 (Fair), and anything above 1.00% scores below 50 (Poor to Critical).
What should I do if my score is below 50?
A score below 50 means you are significantly overpaying on your loan. You should seriously consider a balance transfer to a bank offering a lower rate. Our advisors can help you switch banks for free -- we handle the entire process including paperwork, valuation, and disbursement.
Does switching my loan (balance transfer) affect my credit score?
No, a balance transfer does not negatively impact your credit score. In fact, maintaining regular payments on the new loan with a lower EMI can actually help improve your credit profile over time.
How much does it cost to do a balance transfer?
Most banks charge a processing fee of 0.25% to 0.50% of the outstanding amount for balance transfers. However, the savings from a lower interest rate almost always far outweigh this one-time cost -- often by lakhs of rupees over the loan tenure.
Are the bank rates shown here accurate?
Yes. We update our rate database regularly based on published rates from 15 major banks including SBI, HDFC, ICICI, Axis, Kotak, Bank of Baroda, PNB, and others. Rates shown are the minimum starting rates -- your actual rate may vary based on your profile, loan amount, and the bank's internal assessment.
Can self-employed people also benefit from this tool?
Absolutely. The tool works for both salaried and self-employed individuals. While self-employed borrowers sometimes get slightly higher rates, there are still significant savings opportunities if your current rate is well above the market best.
How often should I check my Loan Health Score?
We recommend checking every 6 months, or whenever the RBI announces a repo rate change. Interest rates in India fluctuate based on RBI policy, and banks frequently revise their lending rates. What was a competitive rate a year ago may no longer be optimal.
Overpaying on Your Loan?
Our advisors handle the entire balance transfer process for you -- paperwork, valuation, disbursement. 100% free, no strings attached.