Credit & Loan

Balance Transfer Calculator

Compare total cost of keeping your balance vs transferring to a lower-rate card

Card details

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You save by transferring

₹0 estimated total savings

How the Balance Transfer Calculator works

Moving high-interest credit card debt to a lower-APR card can save money, but transfer fees and intro-rate expiry matter. This calculator compares the total cost of paying down your balance on the current card versus transferring (including the one-time fee).

Transfer cost = Balance + (Balance × Fee%)  •  Interest applied monthly until paid off
Savings = Total cost (current card) − Total cost (new card)

If an intro 0% or low-rate period applies, interest on the new card uses that rate for the intro months, then reverts to the standard new APR.

Why use it

Detailed features

Fee-inclusive

Factors in the typical 1–3% balance transfer fee so savings are realistic.

Intro period support

Model promotional 0% or low-APR windows before the standard rate kicks in.

Side-by-side totals

See months to payoff and total interest for both scenarios at a glance.

On the go

Get the same calculator plus 60+ tools in the free Toolance Android app.

Frequently asked questions

You move outstanding card debt to another card or loan with lower promo interest for a limited period. Goal is to pay less interest while you clear the principal.
Many cards charge 1% to 3% of transferred amount upfront. A 0% promo still may have this fee. Add it when you compare savings.
Typical promos run 3 to 12 months at low or 0% interest. After that, standard high card rates apply on any remaining balance.
If you need longer tenure at fixed EMI, a personal loan can beat repeated transfers. Compare total interest and fees for your outstanding amount.
New enquiry and higher utilisation on one card can dip score briefly. Paying down total debt helps over time.
Some lenders offer top-up or takeover at lower rate. Enter old and new rate here to see interest difference over remaining tenure.
Estimate only based on your inputs. Lender terms, GST on fees and missed payment penalties can change real savings. Not financial advice.
Yes. Use the tool without login or payment to test scenarios.