Moving a home loan to a lower rate cuts the interest, but the new lender charges a processing fee and legal and valuation costs. Enter both sides to see what is left. Everything runs in your browser; nothing you type is saved or sent.
Home loan balance transfer
Moving the outstanding loan to a lower rate, after the cost of switching.
₹40 lakh
₹20,000
₹10,000
Net saving after switching costs
₹3,98,293
EMI now ₹41,769 · after the transfer ₹39,390
Interest saved over the remaining 180 months ₹4,28,293
One-time costs ₹30,000
Costs are recovered in month 13
Assumes both rates stay the same for the rest of the loan and the tenure is unchanged. Break-even adds up the monthly EMI difference without interest on it. Ask the new lender for every fee in writing.
Common questions
When does a balance transfer pay off?
When the interest saved over the remaining tenure is more than the one-time costs of switching. The break-even month shows when the lower EMI has covered those costs.
Does the calculator include future rate changes?
No. It assumes both rates stay the same for the rest of the loan.