Your current loan
From your latest loan statement.
After transfer to LIC HFL
Your estimate of processing fee, legal, valuation and other charges. We’ll confirm the actual figure.
You save every month
₹0
- Current EMI
- ₹0
- New EMI
- ₹0
- Interest saved
- ₹0
- Net of switching costs
- ₹0
- Costs recovered in
- –
Or keep paying your current EMI and close the loan – earlier, saving ₹0 in interest.
Interest still to pay
This is an indicative estimate. Final eligibility is subject to lender assessment. Default rate is LIC HFL’s current starting rate (7.15%, updated September 2026); your rate depends on your CIBIL score and LIC HFL’s credit policy. Figures are rounded. Nothing you enter here is stored or sent anywhere.
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.
Switching to LIC HFL: the Homecoming offer
Until 31 December 2026, LIC HFL’s Homecoming offer applies to home loans moved to LIC HFL from another bank or housing finance company:
- No processing fee; only the technical (valuation) fee applies
- CIBIL score of 725 or more, and at least 18 months of repayment on your current loan with no defaults
- Loan of ₹5 lakh to ₹15 crore, up to 75% of the property’s value, for resident Indians (NRIs are not covered)
- An optional Homecoming Top-Up at 0.50% above your home loan rate
If you qualify, leave the processing fee out of the switching costs above. Full terms: LIC HFL Homecoming offer.
Example: ₹40 lakh moved from 9% to 7.15%
Say ₹40 lakh is outstanding with 15 years left at 9% (the calculator’s default). At LIC HFL’s 7.15% (CIBIL 825+, salaried), the EMI falls from about ₹40,571 to ₹36,289: about ₹4,280 a month, or roughly ₹7.7 lakh of interest over the 15 years, before switching costs. Or keep paying ₹40,571 and the loan closes about 31 months early. Our calculation; your rate depends on your CIBIL score.
Frequently asked questions
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).
Typically 2–4 weeks once documents are complete — mainly the time to get your property documents released by your current lender.
Worth trying — some lenders offer a rate conversion for a fee. Use this calculator to compare that offer with a transfer.
Turn this estimate into a sanction
Share a few details and Vijay Arjun will call you back with your actual eligibility, the best-fit LIC HFL scheme and the documents you need. Authorised LIC HFL DSA since 2002.