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Loan Balance Transfer Calculator

↻ Updated 2026

See whether moving your outstanding loan to a lower rate really pays off once the new lender's processing fee and GST are counted — EMI drop, interest saved and net savings.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Outstanding balance
Current rate (p.a.)
Remaining tenure
New rate (p.a.)
Rate offered by the new lender
Processing fee
On balance transferred, plus 18% GST
Net savings
₹3,35,125
after transfer fee
EMI drops by
₹1,960
₹31,327 → ₹29,367
Interest saved
₹3,52,825
before fees
Interest — current vs new lender
New-lender interest₹22,85,988
Interest saved₹3,52,825
Transfer fee + GST₹17,700
Comparison
Current EMI₹31,327
Current total interest₹26,38,813
New EMI₹29,367
New total interest₹22,85,988
Gross interest saved₹3,52,825
Transfer fee + GST− ₹17,700
Net savings₹3,35,125
ASSUMPTIONS — Both scenarios keep the remaining tenure of 15 yr the same and reprice ₹30,00,000 — current at 9.50%, new at 8.40%, both on a reducing balance. A one-time processing fee of 0.50% plus 18% GST is charged by the new lender. Foreclosure charges from the old lender (nil on floating-rate loans to individuals per RBI), stamp duty and legal costs are excluded. A transfer only helps if net savings are clearly positive.

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Sources & rate references
  • ·EMI = reducing-balance amortization; rates indicative

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.