Understand how to estimate your revised EMI and compare repayment options before transferring your personal loan.
Last updated on: March 27, 2026
A personal loan balance transfer calculator helps you estimate your new monthly instalments after shifting your loan to another lender. It shows how changes in interest rate and tenure can affect your EMI and total repayment.
You can compare different scenarios and choose an option that fits your budget. This makes it easier to plan your repayments with clarity and avoid financial strain.
A calculator can help you make better financial decisions before transferring your loan. It gives a clear picture of your repayment structure.
Here are some key benefits of using a personal loan balance transfer calculator:
You can instantly check your revised monthly instalment based on new loan terms
You can adjust interest rates and tenure to compare different repayment scenarios
It helps you understand how the new loan will affect your monthly budget
You can see the total interest payable and the overall repayment amount
Using a personal loan balance transfer calculator allows you to evaluate whether a balance transfer is suitable for your situation
You get results instantly without manual calculations or complex formulas
Using the calculator is simple and requires only a few details. You can follow these steps to estimate your revised EMI:
Enter the loan amount
Input the outstanding loan amount you plan to transfer.
Select the repayment tenure
Choose the number of months or years for repayment.
Enter the interest rate
Add the interest rate offered by the new lender.
View the results
The calculator will display:
Revised EMI
Total interest payable
Total repayment amount
Compare different options
You can adjust the tenure or interest rate to see how your EMI changes
You can transfer your existing loan to another lender by following a structured process. This helps ensure a smooth and timely transition.
Click on ‘Apply Now’ to start your application on the Bajaj Markets
Select your profession, whether you are a salaried employee or self-employed
Provide your PIN code and mobile number
Fill in personal information
Add details such as:
Name as per PAN
PAN number
Email ID
Gender
Date of birth
Provide employment details
Enter the following:
Employer or company name
Employer category
Net monthly salary
Salary credit mode
Review your details and click on ‘Submit’
Select a lender and preferred repayment tenure
Before relying on the results, it is important to understand certain factors that may affect your calculations and final decision.
Here are some of these key factors:
Accuracy of inputs
The results depend on the values you enter. Incorrect details can lead to misleading estimates.
Interest rate differences
Even a small change in interest rate can significantly impact your EMI and total repayment.
Loan tenure selection
A longer tenure may reduce EMI but increase total interest payable.
Additional charges
Processing fees, foreclosure charges, or other costs may not be included in the estimate.
Credit profile impact
Your final loan terms may vary based on your credit score and lender policies.
Indicative results only
The calculator provides an estimate. The actual EMI may differ after lender verification.
Reviewer
The calculator uses your loan amount, interest rate, and tenure to estimate your revised EMI. It applies standard EMI formulas to show monthly instalments and total repayment.
No, the calculator provides an estimate based on the inputs you enter. The final EMI may vary depending on lender policies and your credit profile.
Yes, you can compare your current loan terms with new ones. This helps you understand potential savings in interest and total repayment.
A balance transfer may have a temporary impact due to credit checks. However, timely repayments after the transfer can help maintain or improve your score.
No, most estimates do not include additional charges such as processing fees or foreclosure costs. You may need to consider these separately.
It allows you to compare different interest rates and tenures. This helps you choose a repayment plan that reduces your overall interest burden.
Yes, these charges can reduce your overall savings. It is important to factor them in before deciding on a transfer.
You can use the results as a reference point. However, final loan terms will be confirmed by the lender after reviewing your application.