Calculate exact savings from transferring your home loan to a lower rate bank. Includes processing fee impact, monthly EMI savings, and breakeven period.
We've helped 500+ Pune homeowners reduce their rate by 0.5–1.5%. Average saving: ₹3.8 Lakh over remaining tenure.
A home loan balance transfer (also called refinancing) means moving your existing home loan from your current bank to a new bank that offers a lower interest rate. The new bank pays off your existing lender and offers you a fresh loan at a better rate, keeping the same property as collateral.
This is most beneficial when there is a rate difference of 0.5% or more, you have at least 5 years of tenure remaining, and your outstanding balance is ₹15 Lakh or more.
| Rate Difference | ₹30L Outstanding (15yr) | ₹50L Outstanding (15yr) | ₹75L Outstanding (15yr) |
|---|---|---|---|
| 0.25% lower | ₹53,000 | ₹88,000 | ₹1.3 Lakh |
| 0.50% lower | ₹1.05 Lakh | ₹1.75 Lakh | ₹2.6 Lakh |
| 0.75% lower | ₹1.56 Lakh | ₹2.6 Lakh | ₹3.9 Lakh |
| 1.00% lower | ₹2.06 Lakh | ₹3.43 Lakh | ₹5.1 Lakh |
| 1.50% lower | ₹3.03 Lakh | ₹5.05 Lakh | ₹7.6 Lakh |