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Finance Calculators

Credit Card Balance Transfer Savings Calculator

Verified formula Updated Jun 2026 Private — runs on your device

Enter details
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months
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Verified formula Private

Estimated savings

₹22,000.00

Transfer fee
₹2,000.00

For general information only — not financial, tax, legal or medical advice. Verify before you rely on it.

How to use the Credit Card Balance Transfer Savings Calculator

The Credit Card Balance Transfer Savings Calculator works out your estimated savings, along with 1 related figure in an instant. Enter balance to transfer, current apr and new card apr and the result updates as you type — it is free, needs no sign-up, and runs entirely in your browser so your figures stay private.

  1. Enter the balance to transfer.
  2. Enter the current apr.
  3. Enter the new card apr.
  4. Enter the repayment period.
  5. Enter the transfer fee.
  6. Read off your estimated savings, together with transfer fee — the calculator updates automatically, with no button to press.

Formula

The Credit Card Balance Transfer Savings Calculator uses the formula:

Estimated savings = Balance to transfer × Current APR ÷ 100 ÷ 12 × Repayment period - (Balance to transfer × New card APR ÷ 100 ÷ 12 × Repayment period + Balance to transfer × Transfer fee ÷ 100)

Worked example

For example, with balance to transfer of 100,000, current apr of 36%, new card apr of 12% and repayment period of 12 months and the other inputs, the estimated savings is ₹22,000.00.

Inputs used
Balance to transfer 100,000
Current APR 36%
New card APR 12%
Repayment period 12 months
Transfer fee 2%
Results
Estimated savings ₹22,000.00
Transfer fee ₹2,000.00

Results are estimates for educational use, not professional advice.

Key terms explained

APR
Annual Percentage Rate — the yearly cost of borrowing including interest, without intra-year compounding.

Frequently asked questions

Moving debt to a lower APR cuts the interest charged. The saving is the interest avoided minus any transfer fee.

Most cards charge a one-time fee, often 1–3% of the balance moved, which you should subtract from the interest saved.

Only if the interest saved exceeds the fee and you repay before any promotional rate ends.

It is an estimate using simple interest. Actual savings depend on how fast you repay and the exact rate terms.

The Credit Card Balance Transfer Savings Calculator uses the formula: Estimated savings = Balance to transfer × Current APR ÷ 100 ÷ 12 × Repayment period - (Balance to transfer × New card APR ÷ 100 ÷ 12 × Repayment period + Balance to transfer × Transfer fee ÷ 100). For example, with balance to transfer of 100,000, current apr of 36%, new card apr of 12% and repayment period of 12 months and the other inputs, the estimated savings is ₹22,000.00.

Enter the balance to transfer. Enter the current apr. Enter the new card apr. Enter the repayment period. Enter the transfer fee. Read off your estimated savings, together with transfer fee — the calculator updates automatically, with no button to press.

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