Loan vs FD Calculator

Personal Finance

Should You Break Your FD to Repay a Loan?

Compare your loan interest payments with FD returns to make an informed decision. Enter your loan and FD details below to see which option is financially better for you.

Loan Details

Loan Amount (in Lakhs)

Interest Rate (% p.a.)

Tenure (months)

FD Details

FD Amount (in Lakhs)

Interest Rate (% p.a.)

Total Tenure (months)

Remaining Tenure (months)

Results

Total Loan Interest:₹0

Total FD Interest:₹0

Net Difference:₹0

Frequently Asked Questions

How do I decide between breaking my FD and taking a loan?

Compare the interest you pay on the loan with the interest you earn on your FD. If the loan interest is higher, it may make sense to break the FD.

What factors should I consider before breaking my FD?

Consider penalty charges, loss of interest, and your liquidity needs before breaking your FD.