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Home Loan Balance Transfer Calculator
Switching your loan to a lower rate can save lakhs — but only after the new lender's processing fee. This tool compares your current EMI and interest against the new rate, then shows the net saving and how quickly the fee pays for itself.
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When a transfer makes sense
A balance transfer keeps your EMI structure but swaps in a lower rate. The saving comes from paying interest on the same outstanding balance at a smaller percentage — so the bigger your balance and the longer your remaining tenure, the more there is to gain. Late in a loan, when little principal remains, the fee can outweigh the benefit.
Net saving = (current total interest − new total interest) − processing fee. The break-even is the processing fee divided by your monthly saving.
If you'd rather keep your lender, the same effect often comes free from a small monthly prepayment — model that in the EMI calculator. Buying another property instead? Check your budget with the affordability calculator.