Key takeaways
- Calculate break-even after all fees
- Seasoning requirements vary
- Top-up may be available
- Small residual tenure rarely worth BT
Costs to count
- New lender processing fee
- Legal / valuation / admin
- Old loan foreclosure if any
- Time and paperwork
Eligibility basics
Clean repayment track, acceptable CIBIL, property papers in order, residual tenure within policy.
When BT makes sense
Meaningful rate gap, long residual tenure, fees recoverable within a reasonable period.