Balance Transfer Calculator

Should you transfer your loan to another bank? Compare costs including transfer fees.

Current Loan

Outstanding Principal (₹)

Current Interest Rate (% p.a.)

Remaining Tenure (months)

New Interest Rate (% p.a.)

Processing/Transfer Fee (₹)

Transfer saves ₹3,06,300

✓ Transfer is beneficial

Current Bank

EMI₹31,327

Total Interest₹26,38,860

Total Payment₹56,38,860

New Bank

EMI₹29,542

Total Interest₹23,17,560

Transfer Fee₹15,000

Total Cost (incl. fee)₹53,32,560

EMI Savings/month₹1,785

Net Savings₹3,06,300