Balance Transfer Calculator

Compare your current repayment with a balance transfer offer.

Monthly EMI

₹2,330.32

Principal

₹50,500

90.3%

Interest

₹5,428

9.7%

Total Payment

₹55,928

Total

₹55,928

Principal

90.3%

Interest

9.7%

Current Plan

EMI: ₹2,496 • Tenure: 2 years

Total Payment: ₹59,909

Total Interest: ₹9,909

After Balance Transfer

New EMI: ₹2,330 • Tenure: 2 years

Transfer Fee: ₹500

Total Payment: ₹55,928

Total Interest: ₹5,428

Yearly Amortization Schedule

YearPrincipalInterestTotal PaymentBalance
Year 1₹23,994₹3,970₹27,964₹26,506
Year 2₹26,506₹1,458₹27,964₹0
Total₹50,500₹5,428₹55,928-

Savings Summary

Interest Saved: ₹4,481

Months Saved: 0

Note: Results are estimates. Transfer fee is added to the principal for the new plan.

Balance Transfer Calculator — Save on Interest

Quickly compare your current loan repayment with a balance transfer offer and discover potential interest and tenure savings.

Why use balance transfer?

Balance transfer lets you move outstanding debt to a new lender offering a lower interest rate or better terms. Use this calculator to see if transferring makes financial sense after accounting for transfer fees.

How it works

  1. Enter your outstanding balance and current repayment details.
  2. Provide the new rate and any transfer fee.
  3. Compare total interest, monthly EMI and months to clear under both plans.

FAQ

1

Will a lower rate always save money?

Not always — factor in transfer fees and tenure changes. This calculator shows the net effect.

2

What is included in transfer fee?

Transfer fee is typically a percentage of outstanding balance and is added to the new loan principal.

3

Can I export the comparison?

Yes — use the Download buttons to export the current and new plan summaries as PDF or CSV.