Home Loan Balance Transfer Calculator: Calculate savings on transferring your existing home loan balance to Bajaj Finserv by using our balance transfer calculator.
Total Sanctioned Loan Amount (in Rs.)*
Existing Loan TenorMonths
Existing Rate of InterestPercent
BFL Rate of InterestPercent
Total amount saved with loan transfer to Bajaj Finserv
Top-up loan eligible amount
New loan eligible amount
How to use a balance transfer calculator?
It is ideal to use a balance transfer calculator to assess the possible savings of transferring the remaining home loan balance. Follow the simple steps mentioned below and use the balance transfer calculator easily.
First, share the name of the lender of the existing loan
Mention the loan tenor, specifying the starting and ending dates
Next, enter the location of the property
After that, set the values for the total loan amount sanctioned, remaining repayment tenor and the existing home loan interest.
Finally, specify the interest rate of the lending institution to where the balance transfer is intended and click on apply.
Using a balance transfer calculator is crucial if you are willing to save on interest and to assess whether, at all, the balance transfer is worth it.
Benefits of Using Home Loan Balance Transfer Calculator
Some of the key benefits of using a home loan balance transfer calculator are discussed below:
It is easy to use and doesn’t require any expert assistance. One only needs to input some key details, such as the existing interest rate and tenor.
Using a home loan balance transfer calculator helps one understand the savings that can be made after the balance transfer.
One an individual uses a balance transfer calculator, he/she can also get an idea of the expected EMIs payable after the balance transfer.
Also, individuals can get an idea about the possible returns if the savings due to home loan balance transfer are invested.
With a home loan balance transfer calculator, individuals can also know the expected repayment tenor after the switchover and take an informed decision accordingly.
Home Loan Balance Transfer Calculator FAQs
What is a home loan balance transfer calculator?
A home loan balance transfer calculator is a free online tool that allows you to calculate the amount of money you will save if you opt for a balance transfer.
Can home loans be transferred from one person to another?
Yes, a home loan can be transferred from one individual to another. This is done during transferring ownership but there are special conditions that must be met. For one, the new borrower must be eligible for a home loan.
When should you consider a home loan balance transfer?
The best time to consider a home loan balance transfer is when you’re servicing a loan at a much higher rate than the prevailing market rates. A minor difference in rates may not lead to significant savings but if you can repay at a much lower interest rate, you should consider transferring.
How much time does it take to transfer a home loan to Bajaj Finserv?
Transferring your home loan to Bajaj Finserv is a quick and hassle-free process. With the help of online loan provisions and the quick loan processing feature, a transfer can take anywhere between 5 and 10 days. This ensures minimal delays and allows you to start repaying your home loan at a better rate quickly.
By clicking on the ‘I Agree’, the applicant(s) hereby agree and acknowledge that each applicant
I/We declare that all the particulars and information and details provided/to be provided herein are true, correct, complete and up-to-date in all respects and that I/we have not withheld any information whatsoever.
I/We hereby expressly consent and authorise Bajaj Housing Finance Limited (‘BHFL’) and/or its representatives/agents to send me/us any communication regarding this application and/or any products/services offered by BHFL and its group companies using various communication channels, such as, telephone calls/ SMS/ bitly/ bots/ emails/ post etc. The use of information indicated herein by BHFL or any of its any of its subsidiaries, affiliates or associate companies shall not amount to violation of any of my/our privacy or confidentiality rights or privileges. I/We accord our consent unconditionally, notwithstanding the grant of loan facility, its rejection by BHFL, or upon its repayment and authorise BHFL to use the said information. I/We have no objection to give the documents required as per the KYC guidelines.
I/We do also authorize BHFL for any disclosure at any time of any information relating to me/mine/us/our loan/facility, including but not limited to repayment history, defaults in payment to Credit Information Companies (‘CIC’) and/or other Regulatory or other authorities as may be deemed fit. I/We agree not to hold BHFL responsible for such disclosure.
I/We agree that, we shall submit, sign, and execute all such loan agreements and such other documents as may be prescribed/ required by BHFL at any point of time and the applicable stamp duty with respect to such documents shall be payable by me/us. I/We fully acknowledge & understand that, the grant of the loan is at the sole discretion of BHFL and that BHFL reserves the right to reject my/our loan or approve the loan amount to an amount lesser than that applied for, without assigning any reason whatsoever. I further acknowledge that the Mortgage Origination Fees given by me/us is non-refundable and in case my/our application stands rejected, I shall not seek refund of the same from BHFL.
I/We agree that, BHFL may either by itself or through its authorised representatives or agents, conduct necessary investigations and seek/receive information from any person/authority/ company/CIC or such others as it may deem fit in the process of sanction of this loan. I/We undertake to furnish any additional information/documents that BHFL may require/request for at any point of time. I/We confirm that no insolvency proceedings or suits for recovery and/or any criminal proceedings have been instituted or are pending against me/us.
The loan will be provided to me/us only upon the satisfaction of the internal credit and risk parameters of BHFL, including but not limited to, underwriting, type, technical valuation and legal clearance of the property.
This letter of offer shall stand revoked and cancelled and shall be absolutely null and void if: (a) there are any material changes in the proposal for which this loan facility is, in principle, sanctioned; (b) any material fact concerning the my/our income, or ability to repay, or any other relevant aspect of the my/our proposal on the application for loan is suppressed, concealed or not made known to BHFL; (c) any statement made herein or in the loan application is found to be incorrect or untrue.
I/We agree and confirm that BHFL shall not be obliged to grant and continue any credit facility, if it is apprehended that the sanction terms are not or may not be met to the satisfaction of BHFL. Further, BHFL may, absolutely and unconditionally, reduce, revoke, cancel and/or modify any undrawn amount (in whole or part), if any, from the Sanctioned amount, at its discretion, at any time, without giving any prior notice to me/us or without assigning any reasons thereof.
I/We hereby agree and acknowledge that I/we (i) am/are at least 18 years of age, (ii) can understand, read and write in the English language, (iii) have read and understood the terms and conditions contained herein in relation to the Loan and (iv) agree to be bound by such terms and conditions contained herein in relation to the Loan.
I/We hereby agree that my/our action of entering the one-time password sent by the Lender and clicking the ‘I Accept’ button, constitutes a valid acceptance by me/us of the terms and conditions contained herein in relation to the Loan and is binding and enforceable on me/us.