Balance Transfer Top-Up Loan Calculator

A home loan balance transfer and top-up calculator help you determine your eligibility for transferring your home loan balance and securing a top-up loan. It also shows the maximum top-up loan amount you can get and the associated EMIs.
To use our top-up loan EMI calculator, input the following details:

1. Requested Loan Amount: Enter the original home loan amount you applied for using the slider or by typing the value in the provided box.

2. Requested Tenure: Specify the duration of your home loan in months. Use the slider or type in the value.

3. Net Salary or Income: Input your take-home salary or annual income after taxes and investments are deducted.

4. Monthly Obligations: Calculate and enter your fixed monthly obligations, such as contributions to PF, insurance premiums, recurring deposits, mutual fund SIPs, and professional taxes.

5. Cost of Property: Enter the total purchase price of your property, including its current market value and other necessary expenses. This determines the maximum loan amount you can avail of.

6. Loan Principal Outstanding: Input your outstanding home loan principal amount, excluding interest, which is the total amount you need to repay to your existing lender.

7. Existing EMI: Provide the current EMI amount you pay monthly for your home loan.

• Your balance transfer amount
• Your total savings
• EMI of final eligibility
• Final total eligibility
• The top-up loan amount you’re eligible for
• Your monthly savings

1. Evaluate Savings
   It helps you calculate the potential savings in interest by transferring your loan balance to a lender offering lower interest rates.
2. New EMI Calculation
   The calculator computes the revised EMI based on the new interest rate and loan tenure after the balance transfer.
3. Top-Up Loan Eligibility
   It determines the maximum top-up loan amount you can avail of based on your existing loan and financial details.
4. Cost Comparison
   It provides a comparison between your current loan terms and the new terms offered by the new lender, highlighting the benefits of transferring.

1. Accurate Financial Planning
   Using this home loan top-up calculator allows you to plan your finances by providing clear insights into the new EMI amounts, interest savings, and overall financial impact. This helps you prepare better for future financial commitments.
2. Savings on Interest
   One of the primary benefits is the potential savings on interest payments. By calculating the difference between your current loan interest rate and the new, lower rate offered by another lender, you can see exactly how much money you will save over the loan tenure.
3. Determining Top-Up Loan Eligibility
   The home loan balance transfer calculator helps you determine the maximum amount of top-up loan you are eligible for based on your existing financial status and outstanding loan amount. This additional loan can be used for various purposes, such as home improvements, medical expenses, or other financial needs.
4. Comparison of Loan Terms
   It enables you to compare the terms of your current loan with those offered by the new lender. This includes interest rates, loan tenure, and any additional charges, helping you make an informed decision about whether the balance transfer is beneficial.
5. Time-Saving
   Using an online calculator is quick and efficient, saving you the time and effort required for manual calculations. It provides instant results, allowing you to make timely decisions.
6. Easy to Use
   These calculators are user-friendly, requiring only basic information such as the loan amount, interest rate, tenure, and income details. This simplicity ensures that anyone can use the tool without needing specialised financial knowledge.
7. Enhanced Customer Service Experience
   Knowing your eligibility and potential savings can empower you during negotiations with lenders, ensuring you get the best possible terms and customer service.