Balance Transfer Calculator

Compare total repayment if you stay with the existing loan versus transferring to a lower-rate lender.

Current outstanding

₹

Current interest rate

Current tenure remaining

years

New interest rate

Processing fee type

Processing fee

Fixed processing fee

₹

New tenure

years

Enter values above to see your result

Disclaimer: CalcPad results are estimates for general planning. Verify important loan, tax, salary, academic, or business decisions with the relevant official provider.

How Balance Transfer Works

Compare total repayment if you stay with the existing loan versus transferring to a lower-rate lender. The calculator uses the visible inputs, applies the formula below, and rounds rupee outputs to whole numbers so the result is easy to read on mobile.

Formula

Savings = current total repayment - (new total repayment + processing fee)
Current total repayment = current EMI x remaining months
New total repayment = new EMI x new tenure months

Example Calculation

Example: enter ₹30,00,000 current outstanding, 9.5% current rate, 15 years remaining, 8.4% new rate, 0.5% processing fee, and 15 years as the new tenure. The calculator compares the total repayment if you stay with the current lender against the new EMI plus processing fee, then reports whether the transfer creates a real saving after costs.

India-Specific Assumptions

Loan and investment results use standard public formulas used by Indian banks and mutual-fund calculators.
Rates are editable reference assumptions, not offers from a bank or AMC.
All rupee results are rounded to whole rupees for readability.
Inputs are treated as estimates; actual bank, employer, university, insurer, or tax-office calculations may differ.
The calculator uses Indian formats, slab concepts, and common FY 2025-26 assumptions where relevant.

Common questions

It usually makes sense when the interest-rate reduction is large enough and the remaining tenure is long enough to recover processing fees, legal charges, valuation charges, and paperwork effort.

Use the same remaining tenure for a clean rate comparison. Extending the tenure can lower EMI but may reduce or erase total savings.

It includes the processing fee you enter. Real transfers may also include legal, valuation, MODT, insurance, documentation, or administrative charges.

Yes. A small outstanding balance, short remaining tenure, or high fee can make the transfer more expensive than staying.

Yes. If your current lender reduces the rate for a small conversion fee, it can be simpler than transferring the full loan.

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Disclaimer: This calculator is for general informational and educational purposes only. It is not financial, tax, legal, academic, insurance, or professional advice. Verify important decisions with the relevant official source, employer, bank, university, insurer, or adviser.

Last updated: April 2026