Loan & EMI
Loan Balance Transfer Calculator
Weigh the switch: compare EMIs and total interest after processing fees.
Transfer details
15 yrs
Net savings
₹3,06,220
✓ Worth transferring
- Current EMI
- ₹31,327
- New EMI
- ₹29,542
- Monthly EMI saved
- ₹1,785
- Interest saved
- ₹3,21,220
- Transfer fee
- ₹15,000
Net savings = Interest saved − Transfer fee. Legal / MOD fees not included.
Formula
How the math works
Savings = (Old Total Interest − New Total Interest) − Transfer Fee
- Old / New Interest
- Total interest for remaining tenure at each rate
- Transfer Fee
- Usually 0.35–1% of outstanding + GST
Method
How it works
- 1
Enter your outstanding principal and remaining months of the current loan.
- 2
Enter your current interest rate and the new lender’s rate.
- 3
Add the balance-transfer processing fee (usually 0.35–1%).
- 4
CalcPe shows old vs new EMI, interest savings and whether the switch is worth it.
Worked example
A quick walkthrough
Inputs
Outstanding ₹30 L at 9.5%, remaining 15 years, new rate 8.5%, fee 0.5%.
Steps
- Old EMI ≈ ₹31,342 · New EMI ≈ ₹29,543
- Interest saved ≈ ₹3.24 L
- Fee = ₹15,000
Result
Net savings ≈ ₹3.09 L — worth transferring.
Why use it
Why CalcPe’s Loan Balance Transfer Calculator
- Lock in lower interest when repo rates fall.
- See the fee-adjusted savings clearly, not just the rate difference.
- Understand the break-even point vs continuing the current loan.
- Also useful for switching credit card balances or personal loans.
FAQ
Frequently asked questions
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