What this estimate uses
Outstanding loan balance, Current interest rate, Remaining tenure, New lender interest rate, Processing fee, Legal, valuation and other costs, Current lender closure charge.
Loans calculator
Home Loan Balance Transfer Calculator India
Will transferring my home loan actually save money?
Compare the remaining cost of your current home loan with a lower-rate balance transfer, including switching costs and break-even time.
Your estimate
Live result
Estimated net savings
—How it works
A useful estimate, with the assumptions out in the open.
Both loans use the same remaining tenure and fixed monthly repayment for comparison. Enter every applicable switching cost. Floating-rate resets, tax effects, bundled insurance and any future prepayment are excluded.
This result is an educational estimate. Rates, taxes, fees, product rules, and market returns can change.
India-focused guide
Will a home loan balance transfer save enough interest to cover its costs?
Enter the outstanding balance, remaining tenure, current and proposed rates, processing fee and other switching costs. The calculator compares both EMIs and total repayments, then shows net savings and the estimated break-even month.
Important assumption
Both loans use the same remaining tenure and fixed monthly repayment for comparison. Enter every applicable switching cost. Floating-rate resets, tax effects, bundled insurance and any future prepayment are excluded.
Created and maintained byAll Tool Central
Formula and content reviewed16 October 2026
See how estimates are builtCalculation methodology
Detailed guide
Understand the result before using it.
This home-loan balance-transfer calculator compares the remaining payment cost of the current loan with a new loan at a different rate and the same remaining tenure. It deducts processing, legal, valuation and closure costs to show net—not merely gross—savings.
How net savings and break-even are calculated
Both EMIs use the reducing-balance formula with the same outstanding principal and remaining number of months. That keeps the rate comparison like-for-like instead of hiding a lower EMI inside a longer tenure.
Gross savings are the difference between the remaining total payments. Processing fees and every entered switching cost are then deducted. Break-even is the number of monthly EMI savings needed to recover those upfront costs.
FormulaNet savings = current remaining payments − transferred remaining payments − total switching costs
Example: ₹50 lakh outstanding for 15 years
Reducing the rate from 9.00% to 8.25% lowers the estimated EMI by about ₹2,206. With a 0.5% processing fee and ₹15,000 of other costs, the ₹40,000 upfront cost is recovered after about 19 months.
| Item | Current loan | Transferred loan or result |
|---|---|---|
| Monthly EMI | ₹50,713 | ₹48,507 |
| Remaining total payment | ₹91.28 lakh | ₹87.31 lakh |
| Gross payment saving | — | ₹3.97 lakh |
| Switching costs | — | ₹40,000 |
| Estimated net saving | — | ₹3.57 lakh |
Fees and floating-rate rules can change the decision
RBI guidance restricts foreclosure or prepayment penalties on covered floating-rate term loans to individual borrowers, but the scope and loan terms should still be confirmed. The closure-charge field defaults to zero and remains editable for cases where a cost applies.
A floating-rate transfer can reset again after switching. Compare the benchmark, spread, reset frequency, conversion charges and Key Facts Statement—not only the introductory rate.
When a transfer may not be worthwhile
- The remaining tenure is too short to recover switching costs.
- The new rate advantage is small or temporary.
- A lower EMI is created by extending tenure rather than lowering total cost.
- Insurance, legal, valuation or account charges were omitted from the quote.
- The existing lender offers a cheaper internal rate conversion.
Common questions
Frequently asked questions
What is the break-even point on a home-loan transfer?
It is the estimated number of months of EMI savings required to recover all entered switching costs. Staying in the new loan beyond that point is necessary before the rate difference creates net savings.
Should I compare the new loan using a longer tenure?
For a clean rate comparison, keep the remaining tenure unchanged. Extending the tenure can reduce EMI while increasing total interest.
Are foreclosure charges always zero?
RBI restrictions cover specified floating-rate loans to individual borrowers, but product scope and terms matter. Confirm the current lender’s written foreclosure statement and enter any applicable charge.
Does the result predict future floating rates?
No. Both entered rates remain constant. Run higher-rate scenarios and review the new benchmark and spread before transferring.
Continue planning
Compare the next part of the decision.
Home Loan CalculatorEstimate home-loan EMI, interest outgo, down payment, and loan-to-value ratio.
Loan Prepayment CalculatorSee how one extra payment can shorten your loan and reduce interest.
Flat vs Reducing Loan CalculatorCompare a flat-rate quote with a reducing-balance loan on monthly and total cost.