Balance Transfer Savings Calculator

Calculator

Current outstanding amount₹30 L

Current interest rate (% p.a.)9.50%

Remaining tenure (years)15 yrs

New rate offered (% p.a.)8.25%

Processing fee

Other charges (stamp duty, legal, valuation)₹15,000

Current EMI

₹31,327

New EMI

₹29,104

Monthly saving

₹2,223

Total interest saved

₹4 L

Switching cost

₹30,000

Net saving after all costs: ₹3.7 L

You recover the switching cost in about month 14 of the new loan. This transfer looks worthwhile based on the numbers entered.

*Indicative rates. Actual rate depends on lender, credit profile, income, and loan amount. Subject to lender approval. Updated July 2026.