Credit & Loans
Balance Transfer Calculator
Compare total interest costs of your existing loan vs new lender after balance transfer.
Formula
New EMI at transferred rate vs original rate
Outstanding Balance, New Rate %, Remaining Months
Results
Enter values above to see results
New EMI at transferred rate vs original rate
Balance transfer calculators compare your current loan EMI with a new EMI after transferring the outstanding balance to another lender at a lower interest rate. Processing fees and reduced tenure are factored in for accurate comparison.
Balance transfer of ₹20,00,000 outstanding at new rate of 8.5% for 180 months
Input Values
Calculation
Applying the formula with the input values above:
Results
New EMI
₹19,346.00
Interest Savings
₹4,20,000.00
- 1Enter your current outstanding loan balance (available in last loan statement).
- 2Input the new interest rate offered by the transferring bank.
- 3Enter the remaining tenure in months (how many EMIs are left).
- 4Include any processing fee charged by the new lender (typically 0.5-1%).
- 5Calculate savings after all costs to decide if transfer makes financial sense.
Credit & Loans
Business Loan Calculator
Estimate EMIs and total interest cost for MSME and business loans from banks and NBFCs.
Credit & Loans
Car Loan Balance Transfer Calculator
Find out if balance transferring your car loan to another bank saves you money.
Credit & Loans
Credit Card EMI Calculator
Convert your credit card outstanding into affordable EMIs and calculate total interest cost.
Banking
How to Invest in NPS Online: Step-by-Step Process
A beginner-level guide for how to invest in nps online: step-by-step process. Complete step-by-step instructions with practical tips for Indian consumers.
Loans
How to Apply for Pradhan Mantri Awas Yojana Urban
A beginner-level guide for how to apply for pradhan mantri awas yojana urban. Complete step-by-step instructions with practical tips for Indian consumers.
Savings & Investments
How to Update Mobile Number in Aadhaar Card Online
A intermediate-level guide for how to update mobile number in aadhaar card online. Complete step-by-step instructions with practical tips for Indian consumers.