Home Loan Balance Transfer Calculator
Compare your current loan with a lower rate, including what the move costs, and see when it pays off.
Your home loan
Estimated at 1% of the balance. Edit it if you have real quotes.
Net savings after costs
Worth it
You would save well after costs, and recover them early.
- New EMI
- ₹36,177
- Current EMI
- ₹38,457
- You save each month
- ₹2,280
- Break-even
- Month 18
- Saved before costs
- ₹4,10,441
- Cost of moving
- ₹40,000
We'll carry ₹40 lakh over 15 years into the form.
When the move pays for itself
You start below zero by the cost of moving. The line crosses zero at the break-even month.
- Savings after costs
Worth it. Net savings ₹3,70,441. New EMI ₹36,177, down from ₹38,457. Break-even: Month 18.
What a balance transfer is
You move your home loan's outstanding balance to another lender, ideally at a lower rate. The new lender pays off the old loan and you repay the new one. This calculator keeps the same remaining months, so the only change is the rate.
The costs to include
If you don't know the total yet, we assume 1% of the balance. Replace it with the real quotes as soon as you have them.
- Processing fee at the new lender.
- Legal and valuation charges.
- Stamp duty and other government charges, where they apply.
- Any prepayment charge on the old loan. Floating-rate home loans to individuals usually carry none.
How we call the result
Worth it means you save more than ₹50,000 after costs and recover them before month 24. Not worth it means you would save nothing after costs. Marginal is everything in between. It is a rule of thumb, not a lender's rule.
We are here to answer
all your questions
Yes. Some lenders reduce the rate to keep a customer, which saves you the transfer costs. Compare your loan's rate with what the same lender offers new borrowers today.
Not necessarily. You choose the tenure with the new lender. This calculator keeps your remaining months so the comparison is like for like.
The new lender checks your credit, which adds one enquiry to your report. That effect is small next to missed payments.
It depends on the balance and the years left. A larger balance and a longer tenure make a smaller gap worthwhile, while a loan near its end rarely repays the costs. The break-even month tells you.
Processing fees often are, especially for a large balance. Ask for the full list of charges in writing before you compare.
Ready to move to a lower rate?
Takes two minutes. No impact on your credit score.