Loan Balance Transfer Calculator
Will moving your home or personal loan to a lower rate save money after fees? See net savings and the new EMI.
How to use the Loan Balance Transfer calculator
- Enter outstanding loan, current rate, new lender's rate, months remaining and transfer costs: fee, legal, stamp.
- Read the net saving after costs at the top of the result, with current EMI, new EMI, interest saved underneath. It updates as you type.
- Change one input at a time to see what moves the answer most, then save the result with Copy link or Download PDF.
About this tool
A balance transfer makes sense when the rate gap is meaningful and plenty of tenure is left. Ask your current lender to match the rate first; that often costs only a small conversion fee.
Worked example
With outstanding loan of ₹40,00,000, current rate of 9.5%, new lender's rate of 8.6%, months remaining of 200 and transfer costs: fee, legal, stamp of ₹25,000:
| Net saving after costs | ₹4,16,027 |
| Current EMI | ₹39,911 |
| New EMI | ₹37,706 |
| Interest saved | ₹4,41,027 |
| Costs recovered in | 1 yr |
Built and reviewed by Savitar Finance (savitarfinance@gmail.com). Rules and rates last checked October 2026. How we calculate · Report a problem
Questions people ask
When is a home loan balance transfer worth it?
Usually when the rate drops by about 0.5% or more and more than half the tenure remains. The calculator shows the net figure.
Does a balance transfer affect my CIBIL score?
The new lender makes an enquiry and opens a new account, which may dip the score briefly. On-time payments restore it.