Home Loan Balance Transfer Calculator
Compare your current home loan's remaining interest against transferring the balance to a new lender at a lower rate, net of transfer fees.
- Free to use
- Accurate results
- No registration required
- Works on all devices
Your result
₹4,63,292.03
Net savings from transfer
AI explanation
Formula
Net savings = current remaining interest − new total interest − transfer feeWorked example
₹30L outstanding, 15 years, 9.5% → 8.0%, ₹15,000 fee
| Field | Value |
|---|---|
| Outstanding loan amount | 3000000 |
| Remaining tenure | 180 |
| Current interest rate | 9.5 |
| New lender's interest rate | 8 |
| Transfer/processing fee | 15000 |
| Net savings from transfer | 463292.03 |
Assumptions
- Assumes the same remaining tenure with the new lender — extending tenure to lower EMI further would change the interest comparison.
- Excludes ancillary costs like legal/valuation fees that some lenders also charge for a balance transfer.
- Informational only.
Frequently asked questions
When is a balance transfer worth it?
Generally when the interest savings from the lower rate exceed the transfer fees and processing costs by a meaningful margin — this calculator shows that net figure directly.
Does a balance transfer restart my loan tenure?
Not necessarily — you can typically request the same remaining tenure with the new lender, which is what this calculator assumes, to give a fair interest comparison.
What other costs should I consider beyond the processing fee?
Some lenders charge legal, valuation, or stamp duty fees for the new mortgage on transfer — factor these into your fee input for a complete comparison.
Related calculators
Sources
- Master Direction – Reserve Bank of India (Regulatory Framework for Housing Finance Companies) — Reserve Bank of India. Effective 17-02-2021, reviewed 13-09-2026.
This calculator provides a general estimate only and does not constitute financial advice. Compare exact offers from lenders before transferring.
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