Home loan by need
Home Loan Balance Transfer Calculator.
Worth it when your rate gap is at least 0.5%, you have 5+ years left, and your credit score is strong — see the real number after fees.
Home loan balance transfer
Is switching lenders worth it?
Side-by-side comparison
Current loan — remaining interest
New loan — total interest
New EMI
Frequently asked questions
When is a home loan balance transfer worth it?
Generally worth considering when your current rate is at least 0.5% higher than the new offer, you have 5+ years of tenure remaining, and your credit score is strong (750+) — below these thresholds, processing, legal, and valuation fees can eat into or erase the savings.
What does a home loan balance transfer actually cost?
Expect a processing fee (0.25-1% of the outstanding amount) at the new lender, plus legal and property valuation charges — factor all of these into your total switching cost, not just the headline rate difference.
Can I get a top-up loan when I transfer my home loan?
Yes — many lenders offer a top-up loan alongside a balance transfer, based on your property's current market value, at a rate typically 0.5-1.5% higher than the home loan rate itself. Unlike the home loan, top-up funds can be used for almost any purpose.