Introduction Car loans make vehicle ownership easier, but over time, interest rates change and better offers become available. Many Indian borrowers in 2025 are now exploring car loan balance transfer as a way to reduce EMIs or save on interest. But is it really worth it? A car loan balance transfer can save money — but only if you calculate carefully. Hidden charges, foreclosure fees, and processing costs can reduce the actual benefit. In this detailed guide, we’ll explain how car loan balance transfer works in India, what charges are involved, how to calculate savings, and when it makes financial sense. What Is Car Loan Balance Transfer? Car loan balance transfer means shifting your existing loan from your current bank or NBFC to another lender…