Balance Transfer Calculator

See whether moving your loan to a lower rate actually saves money once processing, legal and foreclosure costs are counted, and when you break even.

Net saving after switching costs

₹3,27,825

Outstanding balance ₹30,00,000

Your current rate 9.50%

Rate offered 8.40%

Months remaining 180 (15.0 yrs)

Switching cost ₹25,000

EMI now: ₹31,327
EMI after transfer: ₹29,367
Monthly saving: ₹1,960
Break-even: month 13

You recover the switching cost in month 13 of 180 remaining, so the transfer is worth doing on these numbers. Switching cost means processing, legal, valuation and any foreclosure charge on the old loan.

Indicative only. iAdvisory does not set rates or eligibility — the lender does. Nothing you type here is stored or sent anywhere.

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