Home Loan Balance Transfer Calculator
Home Loan Balance Transfer Calculator
Find out if switching to a lower rate saves enough to justify the transfer.
Frequently Asked Questions
When is a home loan balance transfer worth it?
Generally worth it when the rate difference is at least 0.5% and you have 8+ years remaining. Processing fees are typically recovered within 6–18 months of lower EMIs.
What charges are involved in a balance transfer?
Processing fee (0.5–1% of loan), legal and technical fees, and sometimes a foreclosure penalty (fixed rate loans only). Enter the processing fee in the calculator for accurate net saving.
How long before break-even on a balance transfer?
Break-even is typically 6–18 months. This calculator shows the exact number. If break-even falls before your remaining tenure, the transfer is financially beneficial.
Example balance transfer calculations
Common scenarios to try in the calculator above.
- → ₹40 lakh outstanding, 10 years left, 9.5% → 8.5% — EMI drops ~₹2,200/month, saves ~₹3.6 lakh net of typical fees
- → ₹25 lakh outstanding, 8 years left, 9% → 8.25% — saves ~₹1.2 lakh, break-even in ~9 months
Net saving deducts a 0.5% processing fee from the new lender. Actual charges vary.