About this tool

Balance Transfer Savings Calculator

See the interest you save by transferring a loan to a lower rate, net of processing fees, plus the break-even month.

The Balance Transfer Savings Calculator tells you whether moving your home, car or personal loan to a cheaper lender is actually worth it. It rebuilds your current EMI from the outstanding balance and remaining tenure, prices the same balance at the new rate, then subtracts the processing fee and legal or valuation charges to give a net figure. It also splits the two ways to take the benefit — a lower EMI over the same tenure, or the same EMI with an earlier closure — and shows the month the fee is recovered.

How to use Balance Transfer Savings Calculator

1. 1

   Open Balance Transfer Savings Calculator on AltFTool — it loads instantly in your browser.

2. 2

   Enter the values you already know.

3. 3

   Fine-tune the options to match your scenario.

4. 4

   Read the result and use it in your planning or reporting.

Why use Balance Transfer Savings Calculator

• Nets off the real costs

  Processing fee, legal, valuation and stamping charges are deducted before any saving is claimed.

• Shows the break-even month

  Tells you how long you must stay with the new lender before the switch turns positive.

• Compares both payout options

  Keeping the old EMI almost always saves more than taking a lower one — the numbers make it explicit.

Common use cases

• A home loan borrower with INR 30 lakh outstanding and 15 years left, offered 8.6% against the 9.5% they currently pay.
• Deciding whether to bank the relief as a smaller EMI or keep paying the old instalment and close the loan years early.
• Checking whether a transfer late in the tenure still makes sense once the fee and stamping charges are counted.

Frequently asked questions