Source: https://awesomecalcs.com/home-loan-balance-transfer-calculator/5000000-loan-fixed-rate-with-penalty
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: 50 Lakh Fixed-Rate Loan with Prepayment Penalty

> A fixed-rate 50 lakh home loan that still carries a prepayment penalty from the old lender, unlike most floating-rate loans in India.

Interactive calculator: https://awesomecalcs.com/home-loan-balance-transfer-calculator/5000000-loan-fixed-rate-with-penalty

Keywords: fixed rate home loan balance transfer, home loan prepayment penalty calculator, NBFC home loan refinance

## Scenario inputs

```json
{
  "inputs": {
    "outstandingPrincipal": 5000000,
    "remainingTenureMonths": 180,
    "currentAnnualRate": 9.5,
    "newAnnualRate": 8.25,
    "processingFeeType": "percent",
    "processingFeeValue": 0.5,
    "otherTransferCosts": 15000,
    "isFloatingRate": false,
    "prepaymentPenalty": 100000
  }
}
```

## Frequently asked questions

### Why does this loan have a prepayment penalty when others do not?

RBI's ban on prepayment penalties for individual borrowers applies to floating-rate loans. Fixed-rate loans, and loans from some NBFCs, fall outside that protection and can still carry a foreclosure charge, so it pays to check your loan agreement before switching.