Balance Transfer Calculator

Estimate savings from transferring your outstanding loan to a lower rate. Keep EMI, keep tenure or choose a new tenure — including BT costs.

Transfer option

Existing outstanding

₹50,000₹10,00,00,000

Balance tenure

12 mo360 mo

Existing ROI (p.a.)

1%30%

Proposed ROI (p.a.)

1%30%

Cost on BT request

₹0₹10,00,000

Processing fee, foreclosure or other one-time BT costs

Results

Existing EMI: ₹32,238
New EMI: ₹29,542
New tenure: 180 months
EMI change: −₹2,696
Interest change: −₹4,85,276
BT cost: ₹15,000

Total cash-outflow savings

₹4,70,276

How balance transfer savings work

Balance transfer moves your outstanding loan to another lender, usually at a lower rate. Keep EMI to finish sooner, keep tenure to reduce the instalment, or pick a new tenure. Cash-outflow savings compare remaining payments at your current rate versus the proposed loan plus one-time BT costs. Actual savings depend on foreclosure charges and sanction terms.

Last updated: 19 July 2026. Savings are indicative — confirm BT fees, foreclosure charges and sanction terms with both lenders.

What is a loan balance transfer?

Balance transfer (BT) moves your outstanding loan to another financial institution, usually to get a lower interest rate. The new lender settles the old outstanding; you repay under the new terms. Axis Finance and other NBFCs provide BT calculators so you can see whether the rate drop beats switching costs.

How this calculator works

Enter existing outstanding, balance tenure, current ROI, proposed ROI and one-time BT cost. Choose Keep EMI (finish sooner), Keep tenure (lower instalment) or Choose tenure. Total cash-outflow savings equals remaining payments at the old rate minus (new payments + BT cost).

Balance transfer vs prepayment vs staying
Feature	Balance transfer	Prepayment	Stay put
What you change	Lender and usually the interest rate	Outstanding principal only	Nothing — continue current EMI
One-time cost	BT processing / foreclosure / legal costs	Optional prepayment fee (product-specific)	None
When it wins	Rate drop outweighs BT costs over remaining tenure	You have surplus cash and a high current rate	Switching costs or rate gap are small

Related tools

If you are injecting cash into the same loan, use the prepayment calculator or part payment calculator. Compare fee-inclusive cost of a fresh offer with the APR calculator.

Frequently asked questions about balance transfer

What is a balance transfer calculator?

It estimates savings from moving your outstanding loan to another lender at a proposed rate. Axis Finance’s tool supports keep EMI, keep tenure or choose a new tenure, and subtracts BT request costs from savings.

How does balance transfer work?

The new lender pays off your old outstanding; you then repay the new lender. A lower rate can cut EMI or tenure. You may pay processing fees, foreclosure charges or documentation costs on either side.

Keep EMI, keep tenure or choose tenure?

Keep EMI finishes the loan faster at the new rate. Keep tenure lowers the monthly instalment. Choose tenure when you want a specific end date or EMI target.

What costs should I enter as BT cost?

Sum of one-time costs to switch: new lender processing fee, old lender foreclosure (if any), legal/technical charges and stamp duty you will actually pay. Exclude regular EMIs.

Can I transfer any loan?

Home loans, LAP and some personal loans commonly offer BT. Eligibility, LTV and credit checks still apply. Confirm with both lenders before applying.

Does a lower rate always save money?

Not if remaining tenure is short or BT costs are high. Use total cash-outflow savings after BT cost — if it is negative, staying or prepaying may be better.

How is this different from part payment?

Part payment injects cash into the same loan. Balance transfer refinances the entire outstanding at a new rate with a new lender.

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