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About the Home Loan Balance Transfer Calculator
A home loan balance transfer moves your outstanding balance to a lender offering a lower rate. On a large balance with years left to run, even half a percentage point is worth several lakhs.
The catch is that the saving is not free. Processing fees, legal and valuation charges, and fresh stamping typically cost ₹10,000–₹30,000, and the benefit shrinks as the loan nears its end because there is less interest left to save. This calculator nets the costs off and tells you the break-even month.
The formula
A transfer only pays if you keep the loan beyond the break-even point.
Things worth knowing
Frequently asked questions
Broadly when the rate gap is at least 0.5%, more than half the tenure remains, and the net saving after fees comfortably exceeds the switching cost. The break-even figure above is the honest test.
Processing fees of 0.25–1% of the loan (often capped or waived during campaigns), plus legal and technical valuation charges, and stamping on the fresh documents. Budget ₹10,000–₹30,000 on a typical loan.
Not on a floating-rate home loan to an individual — the RBI prohibits foreclosure and prepayment charges on those. Fixed-rate loans can carry an exit charge.
It does not have to. You can keep the same remaining tenure and take the saving as a lower EMI, or keep the EMI and finish earlier. Ask for the second option — it saves far more.
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