Source: https://awesomecalcs.com/home-loan-balance-transfer-calculator/4000000-loan-9-to-8-percent
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# Home Loan Balance Transfer: 40 Lakh from 9% to 8%

> See the EMI drop, interest saved, and break-even period for switching a 40 lakh home loan from 9% to 8% p.a.

Interactive calculator: https://awesomecalcs.com/home-loan-balance-transfer-calculator/4000000-loan-9-to-8-percent

Keywords: home loan balance transfer 40 lakh, 9 to 8 percent home loan switch, home loan refinance 40 lakh

## Scenario inputs

```json
{
  "inputs": {
    "outstandingPrincipal": 4000000,
    "remainingTenureMonths": 180,
    "currentAnnualRate": 9,
    "newAnnualRate": 8,
    "processingFeeType": "percent",
    "processingFeeValue": 0.5,
    "otherTransferCosts": 15000,
    "isFloatingRate": true,
    "prepaymentPenalty": 0
  }
}
```

## Frequently asked questions

### Is a 1% rate cut on a 40 lakh loan worth switching for?

Usually yes, over a 15-year remaining tenure a 1% cut saves lakhs in interest, comfortably covering a typical 0.5% processing fee and other transfer costs within the first year or two.