Balance Transfer Payment Calculator
Calculate your balance transfer savings, monthly payments, and payoff timeline with our comprehensive calculator. Plan your debt repayment strategy effectively to save money on interest.
Step 1: Transfer Details
18 months
Balance Transfer Tips
0% APR offers typically last 12-24 months. Transfer fees are usually 2-5%. Always check post-promotional rates and pay off before the promotional period ends.
Step 2: Payment Details
£0
Payment Strategy
Pay as much as possible during the 0% period to maximize savings. Minimum payments usually cover interest only, not reducing principal significantly.
Balance Transfer Results
Summary
Payoff Timeline
Card Comparison
Total Savings with Balance Transfer
£1,245
vs. keeping balance on current card
Total Payoff Time
22 months
Total Interest Paid
£156
Transfer Fee
£150
Monthly Payment
£250
Payoff Timeline Visualization
Promo Period Ends
Month 18
Balance at End of Promo
£500
Interest-Free Months
18 months
Recommended Payment
£278/month
Balance Transfer Card Comparison
| Card Provider | Promo Period | Promo APR | Transfer Fee | Post-Promo APR | Estimated Savings |
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