Balance Transfer Calculator
Should you move your loan to a lower rate? Enter your outstanding balance, current rate, remaining tenure, the new rate and transfer fees to see the honest net savings.
- New cost (interest + fee)
- Net savings
Net savings
₹6,04,860
Net savings
₹6,04,860
New EMI
₹29,718.30
Transfer fee
₹15,000.00
Prepaying instead? Compare on the loan prepayment calculator.
Figures are mathematical illustrations only and not a promise of performance. Mutual funds, deposits, loans, and insurance are offered by respective institutions-please read scheme documents and terms before investing or borrowing.
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Balance transfer calculator - how to use this tool
Compare your current loan against a lower-rate balance transfer, net of transfer fees.
A balance transfer calculator nets out the real saving from moving a loan to a cheaper lender: interest difference minus processing fees and charges. Transfers shine early in long tenures with a wide rate gap; they rarely pay off near the end of a loan. Run your exact outstanding, remaining tenure and quoted new rate before signing anything.
Adjust sliders to stress-test assumptions, review the visual breakdown where shown, and export or share results. For a documented plan, talk to Saarthi Capital.
Browse the full calculator hub for SIP, EMI, FD, tax, and more.
Frequently asked questions
What is a loan balance transfer?
You move your outstanding loan to a new lender offering a lower rate. The new lender pays off the old one and you continue EMIs with them-ideally at a meaningfully lower total cost.
When does a balance transfer actually save money?
When the interest difference over the remaining tenure clearly exceeds the transfer costs-processing fee, legal or valuation charges, and any foreclosure fee on the old loan. The saving is biggest early in a long tenure with a wide rate gap; this calculator nets all of it.
What charges apply on a balance transfer?
Typically a processing fee at the new lender (often a small percentage or flat amount), plus legal/valuation charges for secured loans. On floating-rate home loans to individuals, the old lender cannot levy foreclosure charges under RBI directions.
Does a balance transfer affect my credit score?
The new lender's hard enquiry may cause a small, temporary dip. Longer term, a lower EMI burden and clean repayment history outweigh it-just avoid multiple applications in a short span.
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