Interest saved by transferring an outstanding loan to a new lender, net of the transfer fee.
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Computed in your browser from the same formulas the full app uses — it is not saved and does not factor in every detail (taxes, exact compounding dates, fees) the way a saved scenario does. Sign in to save, share, or view history →
The calculator applies the standard formula for this calculation to the values you enter and returns the result instantly.
Interest saved by transferring an outstanding loan to a new lender, net of the transfer fee.
You will need: Outstanding Balance, Current Interest Rate (% p.a.), Remaining Tenure (months), New Lender Rate (% p.a.), Transfer Fee (% of balance), Flat Transfer Fee.
It shows Current EMI, Current Total Interest, New EMI, New Total Interest, Transfer Fee, Gross Interest Saved, Net Benefit, Monthly EMI Saving, Breakeven (months), Worth Transferring, computed instantly from the values you enter.
Yes, this calculator is free to use. Sign in to save your scenarios, view your calculation history, or share results directly in a Goonjar chat.
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