Tools

Balance Transfer Calculator

Find out how much you can save by switching your existing high-rate loan to a cheaper lender.

Outstanding Balance₹4.00L

Current Interest Rate16% p.a.

Remaining EMIs24 months

Your Current Loan Cost

Monthly EMI

₹19,585

Total Interest Left

₹70.0K

Total Remaining

₹4.70L

Better Options Found

HDFC Bank

Save ₹NaN

Private Sector Bank · 10.5% p.a. · Processing: Up to 2.5%

₹18,550

New EMI

₹1,035

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.5%

Saves ₹NaN total

Transfer Now

ICICI Bank

Save ₹19.5K

Private Sector Bank · 10.8% p.a. · Processing: 1% - 2%

₹18,606

New EMI

₹979

Monthly Saving

₹4.0K

Processing Fee

5 months

Break-even

Rate cut: 16% → 10.8%

Saves ₹19.5K total

Transfer Now

Bajaj Finserv

Save ₹NaN

NBFC · 11% p.a. · Processing: Up to 3.93%

₹18,643

New EMI

₹942

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11%

Saves ₹NaN total

Transfer Now

IDFC First Bank

Save ₹NaN

Private Sector Bank · 10.49% p.a. · Processing: Up to 2%

₹18,549

New EMI

₹1,037

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.49%

Saves ₹NaN total

Transfer Now

MoneyView

Save ₹NaN

Fintech Lender · 15.96% p.a. · Processing: Up to 2%

₹19,578

New EMI

₹8

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 15.96%

Saves ₹NaN total

Transfer Now

State Bank of India

Save ₹NaN

Public Sector Bank · 10.3% p.a. · Processing: Up to 1.5%

₹18,513

New EMI

₹1,072

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.3%

Saves ₹NaN total

Transfer Now

Punjab National Bank

Save ₹NaN

Public Sector Bank · 10.4% p.a. · Processing: Up to 1%

₹18,532

New EMI

₹1,053

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.4%

Saves ₹NaN total

Transfer Now

Bank of Baroda

Save ₹NaN

Public Sector Bank · 10.6% p.a. · Processing: Up to 2%

₹18,569

New EMI

₹1,016

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.6%

Saves ₹NaN total

Transfer Now

Canara Bank

Save ₹NaN

Public Sector Bank · 10.65% p.a. · Processing: Up to 1.5%

₹18,578

New EMI

₹1,007

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.65%

Saves ₹NaN total

Transfer Now

Union Bank of India

Save ₹NaN

Public Sector Bank · 10.75% p.a. · Processing: Up to 1%

₹18,597

New EMI

₹989

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.75%

Saves ₹NaN total

Transfer Now

Indian Bank

Save ₹NaN

Public Sector Bank · 10.8% p.a. · Processing: Up to 1%

₹18,606

New EMI

₹979

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.8%

Saves ₹NaN total

Transfer Now

Bank of India

Save ₹NaN

Public Sector Bank · 10.9% p.a. · Processing: Up to 1.5%

₹18,625

New EMI

₹961

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.9%

Saves ₹NaN total

Transfer Now

Central Bank of India

Save ₹NaN

Public Sector Bank · 11% p.a. · Processing: Up to 1%

₹18,643

New EMI

₹942

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11%

Saves ₹NaN total

Transfer Now

Axis Bank

Save ₹NaN

Private Sector Bank · 10.75% p.a. · Processing: Up to 2%

₹18,597

New EMI

₹989

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.75%

Saves ₹NaN total

Transfer Now

Kotak Mahindra Bank

Save ₹NaN

Private Sector Bank · 10.99% p.a. · Processing: Up to 2.5%

₹18,641

New EMI

₹944

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.99%

Saves ₹NaN total

Transfer Now

Yes Bank

Save ₹NaN

Private Sector Bank · 10.99% p.a. · Processing: Up to 2%

₹18,641

New EMI

₹944

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.99%

Saves ₹NaN total

Transfer Now

IndusInd Bank

Save ₹NaN

Private Sector Bank · 10.99% p.a. · Processing: Up to 2.5%

₹18,641

New EMI

₹944

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.99%

Saves ₹NaN total

Transfer Now

RBL Bank

Save ₹NaN

Private Sector Bank · 11.5% p.a. · Processing: Up to 3%

₹18,736

New EMI

₹849

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.5%

Saves ₹NaN total

Transfer Now

Federal Bank

Save ₹NaN

Private Sector Bank · 10.99% p.a. · Processing: Up to 2%

₹18,641

New EMI

₹944

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.99%

Saves ₹NaN total

Transfer Now

South Indian Bank

Save ₹NaN

Private Sector Bank · 11.2% p.a. · Processing: Up to 2%

₹18,680

New EMI

₹905

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.2%

Saves ₹NaN total

Transfer Now

DCB Bank

Save ₹NaN

Private Sector Bank · 11.5% p.a. · Processing: Up to 2.5%

₹18,736

New EMI

₹849

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.5%

Saves ₹NaN total

Transfer Now

IDBI Bank

Save ₹NaN

Private Sector Bank · 11% p.a. · Processing: Up to 1.5%

₹18,643

New EMI

₹942

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11%

Saves ₹NaN total

Transfer Now

Tata Capital

Save ₹NaN

NBFC · 10.99% p.a. · Processing: Up to 2.75%

₹18,641

New EMI

₹944

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.99%

Saves ₹NaN total

Transfer Now

L&T Finance

Save ₹NaN

NBFC · 11.5% p.a. · Processing: Up to 3%

₹18,736

New EMI

₹849

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.5%

Saves ₹NaN total

Transfer Now

Aditya Birla Capital

Save ₹NaN

NBFC · 11% p.a. · Processing: Up to 3.5%

₹18,643

New EMI

₹942

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11%

Saves ₹NaN total

Transfer Now

Piramal Finance

Save ₹NaN

NBFC · 12% p.a. · Processing: Up to 3.5%

₹18,829

New EMI

₹756

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 12%

Saves ₹NaN total

Transfer Now

Poonawalla Fincorp

Save ₹NaN

NBFC · 9.99% p.a. · Processing: Up to 2%

₹18,456

New EMI

₹1,129

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 9.99%

Saves ₹NaN total

Transfer Now

Muthoot Finance

Save ₹NaN

NBFC · 14% p.a. · Processing: Up to 3%

₹19,205

New EMI

₹380

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 14%

Saves ₹NaN total

Transfer Now

Shriram Finance

Save ₹NaN

NBFC · 13.5% p.a. · Processing: Up to 3%

₹19,111

New EMI

₹474

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 13.5%

Saves ₹NaN total

Transfer Now

Cholamandalam Finance

Save ₹NaN

NBFC · 12.5% p.a. · Processing: Up to 3%

₹18,923

New EMI

₹662

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 12.5%

Saves ₹NaN total

Transfer Now

Hero FinCorp

Save ₹NaN

NBFC · 13% p.a. · Processing: Up to 3.5%

₹19,017

New EMI

₹569

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 13%

Saves ₹NaN total

Transfer Now

IIFL Finance

Save ₹NaN

NBFC · 12.75% p.a. · Processing: Up to 3.5%

₹18,970

New EMI

₹615

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 12.75%

Saves ₹NaN total

Transfer Now

Navi

Save ₹NaN

Fintech Lender · 9.9% p.a. · Processing: Up to 3.99%

₹18,440

New EMI

₹1,146

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 9.9%

Saves ₹NaN total

Transfer Now

LazyPay

Save ₹NaN

Fintech Lender · 15% p.a. · Processing: Up to 4%

₹19,395

New EMI

₹191

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 15%

Saves ₹NaN total

Transfer Now

Kissht

Save ₹NaN

Fintech Lender · 15% p.a. · Processing: Up to 4%

₹19,395

New EMI

₹191

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 15%

Saves ₹NaN total

Transfer Now

Axio

Save ₹NaN

Fintech Lender · 15% p.a. · Processing: Up to 3.5%

₹19,395

New EMI

₹191

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 15%

Saves ₹NaN total

Transfer Now

IndiaLends

Save ₹NaN

Fintech Lender · 11.99% p.a. · Processing: Up to 4%

₹18,828

New EMI

₹758

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.99%

Saves ₹NaN total

Transfer Now

Freo

Save ₹NaN

Fintech Lender · 15% p.a. · Processing: Up to 4%

₹19,395

New EMI

₹191

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 15%

Saves ₹NaN total

Transfer Now

LoanTap

Save ₹NaN

Fintech Lender · 10.5% p.a. · Processing: Up to 2%

₹18,550

New EMI

₹1,035

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 10.5%

Saves ₹NaN total

Transfer Now

Finnable

Save ₹NaN

Fintech Lender · 11.99% p.a. · Processing: Up to 3%

₹18,828

New EMI

₹758

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.99%

Saves ₹NaN total

Transfer Now

InCred

Save ₹NaN

Fintech Lender · 11.25% p.a. · Processing: Up to 3%

₹18,690

New EMI

₹896

Monthly Saving

₹NaN

Processing Fee

NaN months

Break-even

Rate cut: 16% → 11.25%

Saves ₹NaN total

Transfer Now

Balance Transfer FAQ

It's moving your existing personal loan's outstanding balance to a new lender offering a lower interest rate, reducing your EMI or total interest going forward.

Yes — the new lender typically charges a processing fee (often 1–3% of the transferred amount), which is why the calculator factors it into the break-even period.

Most lenders require at least 6–12 EMIs to be paid on the existing loan before allowing a balance transfer, though this varies by lender.