Refinancing planning tool
Home Loan Balance Transfer Calculator
Compare your remaining loan cost with an illustrative new rate, then subtract expected transfer costs to see whether the saving deserves a closer look.
Estimate balance-transfer savings
Compare the same outstanding balance and remaining tenure at two illustrative rates.
Comparison
Enter the remaining balance, rates, tenure and estimated costs to compare.
How to decide whether a balance transfer is worth exploring
A balance transfer is not simply a comparison between two headline interest rates. The useful comparison is the cost of keeping the existing loan versus the cost of repaying the same outstanding principal under the proposed rate and tenure, after accounting for the cost of moving.
The calculator keeps the remaining tenure constant so the difference is easy to understand. In a real lender proposal the tenure may also change, which can lower the EMI while increasing or reducing total interest in a different way. Compare like with like before you focus on the monthly instalment alone.
When the calculation deserves a manual review
- A large outstanding balance remains: even a modest rate difference can become meaningful over time.
- Several years remain: there is more time for the interest-rate difference to accumulate.
- You are also considering a top-up: compare the combined cost rather than looking only at the headline transfer rate.
- Your current lender may revise the rate: a retention offer can change the arithmetic without a full transfer.
Read our detailed guide on what a home loan balance transfer actually costs, or see the Balance Transfer service page.
A useful comparison checklist
- Current outstanding principal
- Current rate and rate-reset basis
- Remaining tenure
- Proposed rate and tenure
- All one-time transfer costs
- Any top-up amount and its separate cost
Balance transfer questions
No. The remaining balance, remaining tenure, rate difference and all transfer costs matter together. A small rate difference late in the loan can produce less saving than expected.
Use the charges you reasonably expect for the transfer. Depending on the case these can include processing, legal, valuation, documentation, insurance-related or other lender charges. Confirm the actual schedule before deciding.
A rate saving has more time to accumulate when many instalments remain. With only a short tenure left, the one-time cost of switching can consume much of the potential interest saving.
Some lenders may offer a top-up subject to eligibility, property and policy. Treat it as a separate borrowing decision rather than assuming it is automatically available with every transfer.