Balance Transfer Calculator
A balance transfer moves your outstanding loan to a lender offering a lower rate. It saves money only when the interest saved exceeds the switching costs, and only if enough tenure remains to recover them. The calculator below works out the net saving and the break-even point.
Net saving after costs
₹4,08,293
Breaks even after 9 months
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
Remaining tenure decides whether it is worth it
The saving comes from paying a lower rate on the remaining balance for the remaining months. With fifteen years left, even a half-point improvement compounds into a large number. With three years left, the same half-point may not cover the processing fee. As a rough guide, a transfer is worth investigating when the rate gap is at least half a percentage point and more than five years remain, but the calculator gives the actual answer for your numbers.
Count every switching cost
The new lender's processing fee is the obvious one, commonly 0.35% to 1% of the loan. Add legal and technical valuation charges on the property, stamp duty on the fresh loan documents where applicable, and any foreclosure charge from the existing lender. Some lenders waive the processing fee to win the business, which is worth asking for directly - it is one of the more negotiable items in lending.
A top-up is often the real reason to switch
Many balance transfers are done alongside a top-up loan, borrowing an additional amount against the same property at the home loan rate rather than at personal loan rates. Where the additional borrowing is genuinely needed, this can be the lowest-cost money available to you. Where it is not, it converts a shrinking loan back into a growing one, and the interest saving from the transfer disappears into the larger balance.
Talk to your existing lender first
Retention is cheaper for a lender than acquisition. An existing lender presented with a competing written offer will frequently match or nearly match it, sometimes for a small administrative fee and with none of the fresh documentation, valuation or time a transfer requires. This costs one conversation and often captures most of the benefit. It is the first step, not the last resort.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
When the interest saved over the remaining tenure exceeds the total switching cost, and the break-even period is comfortably shorter than the time left on the loan. A meaningful rate gap and a long remaining tenure are what make it work; a small gap late in the loan usually does not.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.