What would a balance transfer save you?
Animated reveal of lifetime savings at a better rate — 15 banks, plus our negotiated 7.15%, in real time.
Your Current Loan Details
Enter your existing loan information below
Your Current Monthly EMI
₹52,211
At 9.5% for 15 years
Total Payable
93.98 L
Total Interest
43.98 L
15 Banks Compared
Real published rates from major lenders
Net of Fees
Savings shown after processing charges
Free Paperwork
We handle the entire switch end-to-end
Everything About Balance Transfer Savings
Answers to the most common questions about switching loans and unlocking lifetime interest savings.
What is a balance transfer?
A balance transfer means moving your outstanding loan from your current bank to another bank offering a lower interest rate. Your new bank pays off your old loan, and you continue your EMIs with the new bank — typically at a lower rate, which reduces your total interest paid over the tenure.
How accurate are the savings estimates?
Estimates use standard reducing-balance amortisation and real published rates from 15 major banks. Actual savings may vary slightly based on the exact rate your new bank offers you (which depends on your credit profile, loan-to-value, and tenure remaining). But the calculator gives a realistic upper bound on what is possible.
What is the MMH Exclusive Rate of 7.15%?
Money Matrix Hub has negotiated a preferential rate of 7.15% with select banking partners for our clients on qualifying home loans. This rate is typically 0.25–0.50% below the bank's standard published rate. Availability depends on your profile and loan amount — our advisors will confirm eligibility during your free consultation.
Are there hidden costs in a balance transfer?
The main costs are: (1) Processing fee of 0.25%–0.50% of the outstanding amount, (2) Legal and valuation charges of Rs 5,000–15,000, and (3) Stamp duty on the new loan agreement (varies by state). The calculator already factors processing fees into the 'net savings' figure so you see the real number.
Does balance transfer affect my credit score?
No — a balance transfer is treated as a standard loan account and is neutral for your credit score. If anything, the lower EMI makes it easier to pay on time, which helps your score over the long run.
How long does a balance transfer take?
Typically 15–30 days from application to disbursement, assuming your documents are in order. Our advisors handle the paperwork, valuation coordination, and follow-ups with both banks — so you don't have to chase either side.
When does balance transfer NOT make sense?
If you have less than 3 years remaining on your loan, or if your rate is already within 0.25% of the best available rate, the processing fees usually eat into the savings. The calculator makes this clear by showing net savings after fees — if that number is small, hold off.
Can I do a balance transfer on business loans and LAP?
Yes. The calculator supports home loans, business loans, and Loan Against Property. Balance transfer eligibility, processing fees, and rate differentials vary by product — our advisors will walk you through the exact numbers for your loan type.
Ready to capture the savings?
Our advisors handle the entire balance transfer for free — paperwork, valuation, disbursement. You just sign and switch.