Home Loan Comparison

Home Loan Comparison & Balance Transfer Calculator

Compare two bank loans side by side, then check whether transferring your existing home loan is worth it after processing fees, legal charges and break-even time.

✓ Side by side comparison

✓ Balance transfer break-even

✓ Total interest saved

✓ Free, no login

⚡ Quick Fill — Click to load bank rates into Loan A

The default rates are illustrative examples. Enter the rate, fees and tenure quoted by each lender.

Loan Amount

₹

₹5L₹5 Cr

Interest Rate

% p.a.

5%20%

Loan Tenure

Years

1 yr30 yrs

Processing Fee

₹

Loan Amount

₹

₹5L₹5 Cr

Interest Rate

% p.a.

5%20%

Loan Tenure

Years

1 yr30 yrs

Processing Fee

₹

ComparisonLoan ALoan B

Monthly EMI——

Loan Amount——

Interest Rate——

Tenure——

Processing Fee——

Total Interest Paid——

Total Amount Paid——

You Save with Loan A——

Outstanding Loan Balance Over Time

Loan A

Loan B

Principal vs Interest Breakdown

Balance Transfer Break-Even Calculator

Should you transfer your home loan to a lower rate?

A lower interest rate is not always a better deal. Add processing fees, legal charges and the remaining tenure to see the break-even month and real net savings.

Existing loan and new offer

Outstanding Principal

₹

Remaining Tenure

Years

Current Interest Rate

% p.a.

New Interest Rate

% p.a.

New Loan Tenure

Years

Processing Fee

% of loan

Legal / Valuation Charges

₹

Other Transfer Costs

₹

Tip: include every real cost - processing fee, legal fee, valuation fee, documentation charges and any insurance/admin cost. Floating-rate home loans usually do not have prepayment penalty for individuals, but always confirm with your lender.

Transfer result

Current EMI

—

New EMI

—

Monthly EMI Saving

—

Break-Even Time

—

Transfer Cost

—

Net Lifetime Saving

—

Calculating...

Enter loan details to see whether balance transfer makes sense.

Rate cut scenarios

0.25% lower—

0.50% lower—

0.75% lower—

1.00% lower—

Use this result to negotiate with your existing bank first. If they match the rate, you may save the transfer charges completely.

Compare written lender offers

Enter the actual rate, fees and remaining tenure from each lender’s quote. Review the Key Facts Statement, APR, reset terms and amortisation schedule. The calculator’s defaults are examples, not current bank offers.

Home loan checklist: EMI, fees and affordability

Loan comparison questions

Model and content reviewed 2 October 2026. Results depend on your inputs.

What loan rates should I enter? +

Use written lender quotes for the same principal and period. Include processing and switching costs where requested. We do not publish unverified current bank offers or promise that one bank will give every applicant the lowest rate.

What does a quarter-point change save? +

For ₹50 lakh over twenty years, constant rates of 8.5% and 8.25% produce EMIs of approximately ₹43,391 and ₹42,603. The difference is about ₹788 monthly before fees, rather than ₹2,800. Test your own balance and remaining tenure.

Does a lower EMI always mean a cheaper loan? +

No. Extending tenure can lower the monthly payment while increasing total interest. Compare the same remaining period and review total repayment, APR and the lender’s amortisation schedule.

How should I use the transfer estimate? +

Compare estimated interest savings with all switching costs and how long you expect to retain the loan. Rate resets, prepayments, fees and differing schedules can change the result. A fixed model is not a prediction of future floating rates.

RBI: Key Facts Statement guidance in its annual report