Reserve Bank of India (RBI) has slashed home loan base rates yet again, thereby leading to lower home loan rates. The RBI cut its policy rate and has paved way for cheaper home loans, and has yet again surprised borrowers by Repo Rate cuts.
And only recently, banks started to pass on this relief in lending rates to their customers. But you don’t need to be a new home loan borrower to benefit from this drop, even existing borrowers can capitalize on this opportunity.
Existing home loan borrowers can opt for a home loan balance transfer. They can switch their home loan to a different lender offering lower interest rate. But before you do this, it is important to know how much will you actually save! Calculate your savings before you migrate to a new lender using our Home Loan Balance Transfer Calculator.
Wondering how to know your savings?
PaisaBazaar’s online Home Loan Balance Transfer Calculator (HLBT) instantaneously computes how much you can save by transferring your existing home loan amount. All you are required to do is fill in the details of your total or outstanding home loan amount, the month and year of its start, your total loan tenure and interest rate on your existing home loan. With just one click, you get an immediate quote of the amount you can save. It is as simple as it sounds!
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What you can do with our HLBT Calculator
Transferring your home loan to another bank could not get any simpler. Everything at one place –PaisaBazaar.com.
- Compute: Enter your details and know how much you can save.
- Compare: View all the available offers.
- Apply: Select the offer you find most suitable and apply online!