Balance Transfer Savings Calculator
See how much you could save by transferring a credit card balance to a lower rate.
Total savings
₹1,20,680
Transfer fee
₹4,000
Interest if you stay
₹1,49,978
Interest after transfer
₹25,298
Transferring this balance at 12% instead of paying it off at 42% could save you approximately ₹1,20,680, even after the ₹4,000 transfer fee.
How this calculator works
A balance transfer moves your debt to a card with a lower interest rate, usually for a one-time fee — the transfer is worth it when the interest you save exceeds that fee.
Worked example: a ₹2,00,000 balance at 42% APR paid at ₹10,000/month costs about ₹1,49,978 in interest over 35 months. Transferring it (2% fee = ₹4,000) to a 12% APR card cuts interest to roughly ₹25,298 over 23 months — a total savings of about ₹1,20,680, even after the fee.