Personal Loan Balance Transfer Calculator
Savings from switching your personal loan to a lower rate.
Total savings
₹48,155
Deduct the new lender's processing fee (1–3%) and any foreclosure charge on your current loan. Personal loan transfers pay off fastest when the gap is 2%+ with a year or more remaining.
When a personal loan balance transfer makes sense
Three numbers decide it: the rate gap, the remaining tenure, and transfer costs. The savings shown above are gross — net off the fees and the answer is usually obvious. QCred can pull transfer offers from multiple lenders and run this math on your exact numbers.
Frequently asked questions
Will a balance transfer affect my credit score?
There's a hard inquiry with the new lender and the old account closes — a minor, temporary dip. On-time EMIs on the new loan rebuild it within months.
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