Loans
Balance Transfer Calculator
Whether moving your loan to a cheaper lender is worth the switching cost.
₹40 L
₹10,000₹40,00,000₹20 Cr
19.4%36
18.35%36
118 years30
₹0₹15,000₹5 L
Net saving
₹5,49,397
- Current EMI
- ₹38,463
- New EMI
- ₹35,850
- Monthly saving
- ₹2,613
- Switching cost
- ₹15,000
- Break-even
- 6 months
What this means.You recover the switching cost in about 6 months. Worth doing if you plan to hold the loan longer than that.
Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.
Your data stays with you
This calculator runs entirely in your browser. Your income, loan amount, salary and any other figure you type is never transmitted to Credsir or anyone else. Nothing is stored, logged or shared.