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Product Hom e Loan

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Apply Now Product Hom e Loan
Apply Now Product Loan Agaisnt Property - Hom e Loan
Apply Now Product Balance Transfer - Hom e Loan
Apply Now Product Hom e Loan EMI Calculator

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Download Article Benefits of Balance Transfer

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Home Loan Balance Transfer Calculator

You don't have to stay with the same home loan for the entire duration of your mortgage. By transferring your home loan, you can take advantage of low interest rates or change the loan length. Not only is it a smart way to save money, but this also gives some breathing room in your monthly expenses. With IDFC FIRST Bank home loan balance transfer calculator, you can determine your savings to help you make an informed decision.

Our free and easy-to-use home loan balance transfer calculator allows you to quickly find out the amount you can transfer. IDFC FIRST Bank home loan balance transfer calculator helps estimate your savings, loan amount that you can transfer from other banks to IDFC FIRST Bank, as well as your eligibility to make your loan management convenient.

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Calculate Savings for Home Loan Balance Transfer

Enjoy a completely digital account process with IDFC FIRST Bank Savings Account

Loan Amount*

₹1 lac ₹5 cr

Tenure left (in existing relationship bank-months)

12 360

Current Interest Rate (percentage %)

9% 16%

IDFC First Bank Interest Rate (percentage %)

8.85% 12%

Amount You Save
₹5,984,640

Monthly EMI

  • IDFC FIRST Bank
  • Other

Total Amount Paid

  • IDFC FIRST Bank
  • Other

You Save

₹2,064
monthly

You Save

₹5,984,640
on entire tenure
  • Your existing home loan
  • IDFC FIRST Bank Home Loan

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How to Use The Home Loan Balance Transfer Calculator?

Using the home loan balance transfer calculator is a simple way to know how much is payable after transferring your home loan to IDFC FIRST Bank.

Here are a few simple steps to calculate your home loan balance transfer amount:

  • Enter the details of your existing loans, such as lender’s details, loan starting and ending dates, and property location. Next, move the slider to adjust the amount of the loan sanctioned.
  • Adjust the existing loan tenure using the respective slider.
  • Specify the current interest rate offered by moving the slider from left to right.
  • Adjust the new interest rates you get from the bank where you wish to transfer the balance of your loan.
  • Click on the Calculate button to determine your revised EMI and loan tenure.

Benefits of the Home Loan Balance Transfer Calculator

  • Get a precise estimate of your total savings and the amount you are eligible for
  • Save time and effort of contacting multiple bank executives to understand your EMI rates and cost of the balance loan
  • Determine your expected repayment tenure and expected savings that can be made after the balance transfer

Eligibility

Home Loan Balance Transfer Eligibility and Documentation

The eligibility for a home loan balance transfer depends on the following:

  • Monthly income of the applicant
  • Amount of home loan being transferred
  • Age of the applicant

The eligibility for a home loan balance transfer depends on the following:

  • Monthly income of the applicant
  • Amount of home loan being transferred
  • Age of the applicant
Who can Apply for a Home Loan Balance Transfer?
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