Calculating Your Home Loan Refinance EMIs is Easier Than Ever With Kotak Bank's Home Loan Balance Transfer Calculator!

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**Disclaimer: Interest rates and market conditions are subject to change. This information is accurate as of July 2025 and is meant for informational purposes only. Please consult with certified financial advisors for advice specific to your situation. Home loan approval is subject to the bank's terms and conditions.
Credit at sole discretion of Kotak Mahindra Bank Ltd. and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.
Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.
A home loan can span across many years. In such a long time, interest rates often fluctuate, getting lower or higher than what you were offered. Therefore, there could be chances that the new borrowers are paying much lower interest rates than you, despite all the other factors remaining the same. Thankfully, you can transfer your housing loan. Lenders allow you to opt for home loan refinance where you can easily transfer your loan from one lender to another for lower interest rates or better services.
A home loan refinance can help you save a significant amount of money. However, it is not true in all cases. Depending on your tenure and the cost of the transfer, you could end up paying more than you save. To ensure that the option of refinancing is profitable for you, you must calculate your savings beforehand. Kotak Bank's home loan balance transfer calculator can help you do so. Read on
What is Kotak Bank's Home Loan Balance Transfer Calculator?
The home loan balance transfer calculator is an online tool that helps you check your benefits and savings from home loan refinance. It is available on Kotak Mahindra Bank’s website and can be used free of cost multiple times.
To use this calculator, you would need the following details:
New interest rate - The interest rate at which the new lender is offering you a loan
Loan requirement - The loan amount you need
Present EMI - The EMI amount you are currently paying
Tenure - The remaining tenure of the loan.
Once you input the values for these variables, the calculator would instantly display the results and help you determine if the home loan refinance will lower your cash outflows. It would also display the total savings you will make by switching the loan.
Things to Keep in Mind While Transferring Your Loan
Home loan balance transfer can help you save money. However, you must check the following things, before making the switch:
With Kotak’s home loan balance transfer calculator, you can check the amount you would save by transferring the loan. If the savings are substantial, you can go ahead with the home loan refinance. However, if the savings are less than the transfer cost, you must stick to the existing lender.
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