Home Loan Balance Transfer Calculator
See if moving your home loan to a lower rate is worth the fees.
Moving a ₹40 lakh loan from 9% to 8.25% with 15 years left saves about ₹1,750/month — roughly ₹3 lakh in total interest after a ₹15,000 transfer fee. The transfer pays for itself in under a year here, but always check the break-even: small balances with few years left often aren’t worth it.
How to use the home loan balance transfer calculator
- Enter your outstanding principal and current rate.
- Enter the new offer’s rate, tenure left and fees.
- See monthly savings and whether the switch pays off.
Home Loan Balance Transfer Calculator — FAQs
What is a home loan balance transfer?
You close your loan with the current lender and open a fresh one with another bank at a lower rate. The new lender pays off the old loan directly.
What are the charges?
Processing fees (0.25–1% of outstanding), legal/technical charges and stamp duty — typically ₹10,000–₹25,000 total. Factor them into the savings math.
When is it NOT worth it?
When the rate difference is under ~0.5%, when less than 5 years remain, or when the outstanding is small — the fees eat the savings.
Does it affect my credit score?
One enquiry causes a tiny temporary dip. But lower EMIs that you pay on time improve your score over time.
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