Loan Balance Transfer Calculator

Find out if moving your loan to a lower rate really saves money.

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Loan Balance Transfer Calculator

Stay or switch: net savings and break-even

Your current loan

Outstanding loan

₹

Current interest rate

Months left

months

Foreclosure charge

Often 0% on floating-rate loans to individuals. Check your agreement.

The new lender

New interest rate

New tenure

months

Keep it the same as the months left for a fair comparison.

Processing fee

Of the outstanding amount. 18% GST is added.

Other costs

₹

Legal, valuation, documentation, stamp duty.

Net savings after all costs₹7,37,195₹7.37 L

Break-evenMonth 11about 0.9 years

EMI now → new₹46,607 → ₹43,391₹3,215 a month lower

One-off costs₹34,500fee ₹25,000 + GST ₹4,500

Total interest: stay vs move (with costs)

How it works

A balance transfer moves your outstanding loan to another lender at a lower rate. You save on interest but pay a processing fee (plus GST), and sometimes other costs. It only helps if the savings are bigger than those costs.

EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1) with r = rate ÷ 12. Now ₹46,607, after the move ₹43,391.
Total paid: stay ₹1,11,85,574; move ₹1,04,13,879 + one-off costs ₹34,500.
Net savings = ₹1,11,85,574 − ₹1,04,13,879 − ₹34,500 = ₹7,37,195.
Break-even: month 11, when the EMI savings so far reach ₹34,500.

Ask your current lender for a rate cut first; many agree to avoid losing you.
Compare using the same tenure so the EMI does not hide extra interest.
The earlier in the loan, the more interest there is left to save.

Standard reducing-balance EMI formula applied to the outstanding principal. Processing fee is a % of the outstanding amount with 18% GST (GST Act, services rate). Foreclosure charge is optional: under the RBI directions on pre-payment charges (effective 1 January 2026) floating-rate loans to individuals carry none, but fixed-rate or business loans may. Net savings = old total − new total − one-off costs. Break-even is the first month where cumulative payments saved reach the one-off costs. Tests check the ₹50 lakh, 9%, 20-year EMI of ₹44,986.

Preparing tool

How to use Loan Balance Transfer Calculator

Enter what you still owe, your current rate and the months left.
Enter the new lender's rate, tenure and fees.
Read the net savings and the break-even month, then copy or print.

Read the detailed guide →

What are the limits of Loan Balance Transfer Calculator?

Fees differ by lender; enter the quote you have. Prepayment rules vary: many floating-rate loans to individuals have no foreclosure charge, but check your agreement. Does not include tax benefits. Informs, does not advise. Nothing you enter leaves your device.