Mortgage Planning

Home Loan Refinance

Calculate if transferring your home loan balance to a new bank is actually worth it. Find your exact break-even point against processing fees.

Current Loan Details

Outstanding Principal (₹)

Remaining Tenure (Years)

Interest Rates & Switching Costs

Current Interest Rate (%)

New Offered Rate (%)

New Bank Processing Fee (%)

Usually 0.5% of loan amount.

Legal / Valuation Fees (₹)

Fixed charges by the new bank.

Refinance Verdict

Net Lifetime Savings

+₹5,05,366

It makes financial sense to switch.

EMI Reduction-₹2,974 / mo

Cost to Switch (Fees)-₹30,000

Break-Even Point

11 Months

It takes this long for the lower EMI to pay off the bank's processing fees.