Home Loan Balance Transfer: 25 Lakh from 9.25% to 8.75%
A 25 lakh outstanding home loan over 10 years switching from 9.25% to 8.75%: check if it clears the break-even point.
Switching a ₹25,00,000 home loan from 9.25% to 8.75% over the remaining 10 years saves ₹81,179 in interest, against a one-time switching cost of ₹22,500. Switching saves you ₹58,679 over your remaining tenure, break-even in 34 months.
- Outstanding loan amount
- ₹25,00,000
- Remaining tenure
- 10 years
- Current rate
- 9.25% p.a.
- New lender rate
- 8.75% p.a.
- Switching cost
- ₹22,500
Net savings
Recommended₹58,
Switching saves you ₹58,679 over your remaining tenure, break-even in 34 months.
Current lender (9.25% p.a.)
Monthly EMI
₹32,
Interest remaining
₹13.41 Lakhs
₹13,40,982
New lender (8.75% p.a.)
Monthly EMI
₹31,
Interest remaining
₹12.6 Lakhs
₹12,59,803
Interest saved
₹81,
One-time switching cost
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EMI for both lenders is calculated using the standard formula P x r x (1+r)^n / ((1+r)^n - 1) over the remaining tenure of 10 years. Floating-rate home loans carry no prepayment penalty under RBI rules; fixed-rate and NBFC loans may still charge one. Actual savings depend on your lender's exact fee structure and any other charges not reflected here.