Optimize Your Savings with Our Home Loan Balance Transfer Calculator

Are you looking to reduce your home loan burden by transferring it to another lender offering better interest rates? Our Home Loan Balance Transfer Calculator at SchemeSaathi makes this process easier by helping you evaluate potential savings on interest and calculate EMIs post-transfer.

This free, online tool is perfect for homeowners who wish to explore refinancing options and plan their finances better. Whether you’re seeking lower EMIs or shorter loan tenures, this calculator provides detailed insights to help you make informed decisions.

Key Features

• Easy and intuitive to use
• Accurate EMI and interest savings calculations
• Helps you compare the impact of various interest rates
• Time-saving and accessible anytime

This tool is part of our mission to simplify complex financial decisions for everyone, making home loan management easier and smarter.

How to Use the Home Loan Balance Transfer Calculator

1. Enter Existing Loan Details
   • Input your outstanding loan amount.
   • Enter the current interest rate on your existing loan.
   • Select the remaining loan tenure in years.
2. Enter New Loan Details
   • Provide the proposed interest rate for the new loan.
   • Input the processing fee percentage charged by the new lender.
   • Choose the tenure for your new loan.
3. Calculate Savings
   • Click the Calculate Savings button to view a detailed comparison.
   • The calculator will display your current and new EMIs, total interest, and net savings.
   • Check EMI reduction, interest savings, and total cost.
4. Reset if Needed
   • Use the Reset button to clear inputs and start fresh.

Explore More Useful Calculators

• PMAY Urban 2.0 Subsidy Calculator: Check your eligibility and calculate subsidies under Pradhan Mantri Awas Yojana.
• Home Loan Calculator: Calculate EMIs with advanced part-payment features to plan your home loan better.