Loan Balance Transfer Calculator
Is switching lenders actually worth the fees?
A balance transfer pays off when the rate gap is at least 50 basis points, the remaining tenure is over 10 years, and switching costs stay under two months of EMI. Below those thresholds, ask your existing lender for a rate reset instead.
Your Inputs
Net saving
EMI reduction
₹1,336
Break-even in
1 yr
How this works
Try a rate reset first
Most lenders will reprice an existing loan to their current card rate for a small conversion fee. That takes a day, needs no fresh documents and no fresh legal or valuation cost. Only if they refuse is a full transfer worth the effort.
Watch the top-up trap
New lenders often bundle a top-up loan with the transfer. That resets your tenure and undoes the saving. Transfer only the outstanding balance and keep the remaining tenure the same or shorter.
Frequently asked questions
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