Loan Balance Transfer Calculator
See whether the interest saved by a lower rate is enough to recover transfer fees before your loan ends.
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Why?
Interest saving before fees—
Transfer fees and charges—
Net benefit after fees—
Time needed to recover fees—
Time remaining on loan—
Monthly payment
Current EMI—
Estimated EMI after transfer—
Monthly EMI reduction—
Total payments left
Stay with current lender—
Transfer, including fees—
This comparison keeps the remaining tenure unchanged. Extending the tenure can lower EMI while increasing total interest.
How to make the decision
1
Check net savings
Transfer only when interest savings remain positive after processing, legal, valuation, documentation and other costs.
2
Check break-even
You should expect to keep the new loan beyond the break-even month. If the loan ends earlier, the fees are not recovered.
3
Keep tenure comparable
A lower EMI caused by restarting or extending the tenure may increase total interest even when the new rate is lower.
Before transferring
- Ask both lenders for written, itemised charges.
- Confirm whether the new rate is fixed, floating or introductory.
- Compare the same remaining tenure—not only the EMI.
- Check bundled insurance or account requirements.
- Verify whether any prepayment charge applies to your existing loan.
- For a home loan, preserve the tax trail from the original lender to the new lender.