How much rate difference is needed for transfer benefit?
Meaningful benefit often starts around 0.50% to 0.75%, depending on remaining tenure and transfer charges.
Calculator
Loan Balance Transfer Calculator
Compare your current loan against a transfer offer and estimate whether lower interest beats transfer costs.
Same tenure after transfer
Current EMI₹30,786
Current interest₹25,41,472
Transferred interest₹23,01,779
Net savings (after cost)₹2,04,694
Keep old EMI after transfer
Projected closure166 mo
Current closure180 mo
Months saved14 mo
Interest saved₹4,56,674
FAQs
Do transfer charges cancel interest savings?
They can. Always compare net savings after all one-time costs.
Is transfer useful near loan end?
Usually less useful in late tenure when the interest component is already lower.
Should I reduce EMI or tenure after transfer?
Tenure reduction generally delivers stronger total savings than lowering EMI.