A Balance Transfer Calculator helps users estimate how much they can save by transferring their existing loan or credit card balance to another lender offering a lower interest rate.

What Does a Balance Transfer Calculator Do?

A Balance Transfer Calculator helps users estimate how much they can save by transferring their existing loan or credit card balance to another lender offering a lower interest rate.

It compares:

• The existing loan (interest rate, remaining tenure, EMI)
• The new offer (lower interest rate, transfer fee, processing fee)

To calculate:

• Monthly savings
• Total interest saved
• Break-even period (when the cost of transfer is recovered)

📐 Key Inputs:

1. Outstanding Balance – Amount remaining on current loan/credit card
2. Current Interest Rate (%) – Annual interest on current loan
3. Remaining Tenure (months/years) – Time left on current loan
4. New Interest Rate (%) – Lower rate offered by new lender
5. New Tenure (optional) – Option to extend or reduce tenure
6. Processing Fee / Transfer Fee (₹) – One-time cost to transfer

Disclaimer:

This calculator provides estimates only. Actual savings may vary depending on prepayment penalties, exact interest computation method, and lender-specific terms. Always check with your lender before proceeding.