Open-source calculator
Loan Balance Transfer Savings Calculator
Compare EMI savings when moving a loan to a lower rate.
₹5,00,000
16
12
36
₹5,000
Calculation breakdown
| Parameter | Value |
|---|---|
| Outstanding (₹) | ₹5,00,000 |
| Current rate (% p.a.) | 16 |
| New rate (% p.a.) | 12 |
| Tenure (months) | 36 |
| Processing fee (₹) | ₹5,000 |
| Old EMI | ₹17,579 |
| New EMI | ₹16,607 |
| Monthly saving | ₹972 |
| Total saving | ₹29,992 |