Balance Transfer Calculator
A Balance Transfer (BT) involves moving an outstanding loan from one lender to another offering a lower interest rate. While the rate reduction saves interest, BT involves costs: processing fee at the new lender, foreclosure charges at the old lender, and legal/administrative fees. This calculator shows whether the transfer is genuinely worth it.
₹
₹50 K
₹5 Cr
M
12 M
360 M
%
5%
25%
%
5%
25%
₹
₹0
₹2 L
₹
₹0
₹2 L
₹
₹0
₹1 L
M
12 M
360 M
Net Savings
₹0
Current EMI₹0
New EMI₹0
Monthly EMI Savings₹0
Total Transfer Cost₹0
Gross Interest Savings₹0
Break-even Months0
Current Remaining Interest₹0
New Loan Interest₹0