Balance Transfer Calculator
Thinking of moving your loan to a lower rate? See your exact savings after the processing fee — and whether the transfer is actually worth it.
Your existing loan
Net savings on transfer
₹6,04,667
What is a balance transfer?
A loan balance transfer moves your outstanding loan from your current lender to a new one offering a lower interest rate — reducing your EMI or total interest.
When is it worth it?
A transfer pays off when the interest you save beats the processing fee and other charges. It works best early in the tenure, when most of the interest is still to be paid.
What to check
Compare the processing fee, any foreclosure charge from your old lender, and the new lender’s reset terms. A rate gap of 0.5%+ on a large balance usually wins.
Indicative estimate. Actual savings depend on your lender’s foreclosure terms, the exact outstanding balance and any additional charges.
