# Home Loan Balance Transfer Calculator

Source (interactive calculator): https://hyderabadhomeloans.com/home-loan-balance-transfer-calculator/

Find out what you save each month — and over the life of your loan — by moving your home loan to LIC HFL at a lower rate.

A balance transfer moves your outstanding home loan from your current lender to another lender at a lower interest rate. Even half a percent less can add up to lakhs over the remaining tenure — but switching has costs, so it pays to check the numbers first.

## What the calculator shows

- Your new EMI and monthly saving for the same remaining tenure
- Total interest saved over the remaining tenure
- Net saving after switching costs, and how many months it takes to recover those costs
- How much sooner you finish if you keep paying your current EMI instead

## When a balance transfer makes sense

- The rate difference is meaningful — usually 0.5% or more
- Plenty of tenure is left — the earlier in the loan, the bigger the saving
- You have a good repayment track record and CIBIL score

You can also ask for a top-up loan along with the transfer. See our Home Loan Balance Transfer page for LIC HFL’s terms.

## FAQs

### What charges should I include?

Processing fee, legal and valuation charges, stamp duty on the new mortgage where applicable, and any foreclosure charge at your current lender (floating-rate loans to individuals usually have none).

### How long does a transfer take?

Typically 2–4 weeks once documents are complete — mainly the time to get your property documents released by your current lender.

### Should I ask my current lender to reduce the rate first?

Worth trying — some lenders offer a rate conversion for a fee. Use this calculator to compare that offer with a transfer.



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Hyderabad Home Loans — authorised DSA of LIC Housing Finance Ltd since 2002. Free eligibility check: https://hyderabadhomeloans.com/. Phone / WhatsApp +91-8886249998.