Balance Transfer Calculator

Calculate how much you can save by transferring your loan or credit card balance to a lower interest rate.

Input Parameters

Adjust the values to calculate your balance transfer savings

Current Balance (₹)100,000

₹1,000₹50,00,000

Current Interest Rate (% p.a.)24%

1%60%

New Interest Rate (% p.a.)12%

0%24%

Transfer Fee (%)2%

0%10%

Repayment Period (Months)12 months

1 month60 months

Results

Estimated savings from balance transfer

Total Savings

₹4,721

Transfer Fee

₹2,000

(2% of balance)

New Balance

₹102,000

(Balance + Fee)

Current Loan

Monthly Payment

₹9,456

Total Interest

₹13,472

Total Payment

₹113,472

New Loan

Monthly Payment

₹9,063

Total Interest

₹6,751

Total Payment

₹108,751

Current Interest₹13,472

New Interest₹6,751

Transfer Fee₹2,000

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