Home Loan Balance Transfer Calculator
Savings from switching your home loan to a lower rate.
Total savings
₹4.28 L
Deduct transfer costs — ~0.5% processing fee plus legal, valuation and mortgage stamp duty. A home loan transfer usually pays off when the rate gap exceeds 0.4–0.5% with 8+ years left.
When a home loan balance transfer makes sense
Three numbers decide it: the rate gap, the remaining tenure, and transfer costs. The savings shown above are gross — net off the fees and the answer is usually obvious. QCred can pull transfer offers from multiple lenders and run this math on your exact numbers.
Frequently asked questions
Will a balance transfer affect my credit score?
There's a hard inquiry with the new lender and the old account closes — a minor, temporary dip. On-time EMIs on the new loan rebuild it within months.
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