Balance Transfer Compare
Compare your current loan with a new offer to see if a balance transfer saves you money.
Loan Details
Current Bank
New Bank
✅ Balance transfer is beneficial! You save ₹19,03,408
Current Bank Summary
| Monthly EMI | ₹13,721 |
| Principal | ₹15,00,000 |
| Total Interest | ₹34,39,592 |
| Total Payment | ₹49,39,592 |
New Bank Summary
| Monthly EMI | ₹12,547 |
| Principal | ₹15,00,000 |
| Total Interest | ₹15,11,184 |
| Exit / Foreclosure Charge (₹) | ₹5,000 |
| Processing Charge (₹) | ₹20,000 |
| Total Cost | ₹30,36,184 |
Cost Breakdown Comparison
| Particulars | Current Bank | New Bank | Difference |
|---|---|---|---|
| Monthly EMI | ₹13,721 | ₹12,547 | ₹1,174 |
| Total Interest Payable | ₹34,39,592 | ₹15,11,184 | ₹19,28,408 |
| Total Loan Payment | ₹49,39,592 | ₹30,11,184 | ₹19,28,408 |
| Exit / Foreclosure Charge (₹) | — | ₹5,000 | -₹5,000 |
| Processing Charge (₹) | — | ₹20,000 | -₹20,000 |
| Net Total Cost | ₹49,39,592 | ₹30,36,184 | ₹19,03,408 |