Home loan balance transfer calculator with net savings
See the net saving from moving your loan to a lower rate, after fees, and the break-even month.
Current loan
₹
₹1 L₹10 Cr
% p.a.
6%16%
years
1 yr30 yr
New lender
% p.a.
6%16%
%
0%3%
₹
₹0₹2 L
Legal & valuation fees, foreclosure charges, MOD/stamp duty…
Net savings after all costs
₹4,36,834
EMI drops by ₹2,614/month
Stay
₹35.18 L
Switch
₹30.82 L
Total interest (plus switching costs for the new loan)
- Current EMI
- ₹41,769
- New EMI
- ₹39,155
- Interest saved (gross)
- ₹4,70,434
- Switching costs
- ₹33,600
- Break-even
- Month 13 (1 yr 1 mo)
Worth switching
The switch pays for itself in 1 yr 1 mo. Ask your current bank to match the rate first. It's often cheaper.
How it works
How to use this calculator
- 01
Current loan
Outstanding balance, current rate and remaining tenure.
- 02
New offer
New rate, processing fee and any other switching costs.
- 03
Verdict
Net savings after costs, new EMI and the month the switch pays for itself.
FAQ
Frequently asked questions
How much rate difference makes a balance transfer worthwhile?
Usually at least 0.5–0.75 percentage points with more than 8–10 years left. Smaller gaps or short remaining tenures rarely beat the switching costs.
Should I ask my current bank first?
Yes. Many banks will reprice your loan for a small conversion fee to keep you, which is often cheaper than a full transfer.
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