Bangalore: Now there is a new solution to home loan balance transfer which can be done online. Deal4lones.com has unveiled an online home load balance transfer calculator, which immediately calculates how much you can save by switching your home loans. Insert your existing home loan rate and prepayment charges; this online calculator will give an instant quote of rates provided by other banks and tells you how much you can save.

As prepayment charges are reduced to nil, the scope for customers to save by checking the various bank rates has increased. One can transfer the existing loans to some other bank at lower rates with only few clicks on Deals4loans.com.

Everyone has a tendency to save money, time and energy and thus this process will prove to be a huge help in financial terms. By using the Home Loan Balance Transfer Calculator one can easily save money. Calculations shows that by saving 1 percent in home loan means a savings of 1.5 lakh on a loan of 10 lakh over a 20 year period.  This is a very simple process with just a few clicks away.