MoneyLens / Home loans
Your loan, explained.
Home loan · Floating rate · Dhruva Housing Finance Ltd · ••••5812
Illustrative
Your loan today
AccountQuote 30 SepOfferKFS 14 Oct 2026
Outstanding principal
₹40,92,464
Foreclosure quote · 30 Sep 2026
Current vs offered rate
9.35% → 8.10%
RPLR-linked → RBI repo rate-linked
Remaining loan period
16.6 years
199 EMIs
Switching costs
₹40,118
5 items in Narmada Bank Ltd's terms
Your balance comes from the foreclosure letter dated 30 Sep 2026; the new terms from Narmada Bank Ltd's KFS 14 Oct 2026.
Myra's most important observations
What Myra found for you
From your documents · each figure opens its findingYou could save
Your choice: options, not added together
Six questions, answered
Tap an answer for the detail01Product identity
- ProductHome loan · balance transfer
- ProviderDhruva Housing Finance Ltd · housing finance company → Narmada Bank Ltd · commercial bank
- BorrowersSneha Kulkarni
- Document date30 Sep 2026
- Reference••••5812
- DocumentsSanction · Agreement · Statement · Quote · Conversion offer
02What this product is
You owe ₹40.92 L to Dhruva Housing Finance Ltd at 9.35%, with 199 EMIs left. Narmada Bank Ltd has offered to take it over at 8.10%, RBI repo rate-linked, for the same remaining period. Switching means Narmada Bank Ltd pays off Dhruva Housing Finance Ltd, collects your property documents from them and registers a new mortgage.
03Key financial numbers
Comparing a transferOutstanding
₹40,92,464
Foreclosure quote · 30 Sep 2026
Current EMI
₹40,539
at 9.35%
New EMI
₹37,440
at 8.10%
Monthly saving
₹3,098
same 199 months
Switching costs
₹40,118
fees + stamp duty
04Important findings
The three most important · tap to expandYour EMI would fall from ₹40,539 to ₹37,440, saving ₹3,098 a month over 199 months. After ₹40,118 in fees and stamp duty, you'd recover the cost in 13 months. Both rates are held where they are; the weeks of overlap while the transfer completes aren't counted.
KFS 14 Oct 2026 · Foreclosure quote · 30 Sep 2026
10Next relevant milestone
28 Oct 2026
Narmada Bank Ltd offer valid until
08What Myra could not verify
0Nothing essential is missing.
09Suggested questions
05What you're committing to
- Current EMI ₹40,539 continues until Narmada Bank Ltd pays Dhruva Housing Finance Ltd
- New EMI ₹37,440 for 199 months from Narmada Bank Ltd
- Pay ₹40,118 in fees and stamp duty
- A new mortgage registered in Narmada Bank Ltd's favour
06What can change
- Narmada Bank Ltd rateRBI repo rate + 2.60%
- Dhruva Housing Finance Ltd rateRPLR · lender's discretion
- Transfer timelineUsually 3–6 weeks from sanction
- OfferValid until 28 Oct 2026
07Exit and closure
- Dhruva Housing Finance Ltd foreclosure₹0
- Narmada Bank Ltd prepaymentNo charge · floating
- DocumentsDhruva Housing Finance Ltd → Narmada Bank Ltd within 30 days