Personal Loan Balance Transfer Calculator
Compare your current personal loan cost vs transfer cost after all charges, then decide based on net savings and break-even time.
Transfer Inputs
Transfer Decision
Estimated Net Savings
₹13,804.00
Transfer charges included in new-loan cost estimation.
Current EMI
₹21,392.00
Existing lender
New EMI
₹21,008.00
After transfer
EMI Change
₹383.00
Monthly reduction
Current Total Cost
₹7.70 L
Remaining cost without transfer
New Total Cost
₹7.56 L
Includes transfer charges
Transfer Charges
₹23,500.00
Processing + foreclosure + other
Cost Comparison
Break-even period: 62 months
How to use this calculator
- 1Enter your current outstanding personal loan and current interest rate.
- 2Set your remaining tenure on the existing loan.
- 3Enter new lender rate and planned new tenure.
- 4Add processing fee, foreclosure charge, and any other transfer costs.
- 5Use net savings and break-even months to decide transfer viability.
Practical transfer rule of thumb
Rate drop alone is not enough. The net benefit depends on pending tenure, transfer charges, and whether you reset to a longer tenure.
If you recover all charges quickly (low break-even months) and still have meaningful tenure left, transfer is usually worth evaluating in detail.
Keep tenure disciplined after transfer. Lower EMI should not become an excuse to extend debt unnecessarily.
Frequently Asked Questions
Related Tools
Use these calculators together before changing your lender.