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Why Choose Balance Transfer?

Reduce your monthly EMI and save more on interest by transferring your existing home loan to a bank offering better terms. We help you compare multiple lenders, secure competitive interest rates, and complete the entire balance transfer process with ease.
✅ Lower Interest Rate
✅ Reduced Monthly EMI
✅ Save on Total Interest
✅ Top-Up Loan Facility
✅ Quick Processing
✅ Expert Documentation Support

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Benefits of Balance Transfer

✅ Lower Interest Rate
✅ Reduced EMI
✅ Better Loan Terms
✅ Top-Up Loan Option (Subject to Eligibility)
✅ Faster Approval Process
✅ Complete Documentation Support
✅ Dedicated Relationship Manager
✅ Multiple Bank Comparison

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When Should You Transfer Your Loan?

✅ Your current interest rate is higher than market rates.
✅ You want to reduce your monthly EMI.
✅ You need an additional Top-Up Loan.
✅ You want better customer service from another bank.
✅ You wish to save on total interest over the remaining loan tenure.

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Partner Banks

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Top-Up Loan Facility

Eligible customers can also apply for a Top-Up Loan along with the Balance Transfer for:
✅ Home Renovation
✅ Business Expansion
✅ Education
✅ Medical Expenses
✅ Personal Financial Needs

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Apply For Balance Transfer

Feel free to use our EMI Calculator

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**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

Period Payment Interest Balance

FAQ

What is the minimum CIBIL Score?

Most banks and financial institutions prefer a CIBIL score of 750 or above for faster loan approval and better interest rates. However, some lenders may consider applications with a score of 650–700, depending on factors such as your income, employment stability, repayment history, and loan amount. A higher CIBIL score generally increases your chances of approval and helps you secure more favorable loan terms.

There is no single bank that always offers the lowest interest rate. Loan interest rates vary based on factors such as your CIBIL score, income, employment type, loan amount, tenure, and the bank’s current lending policy. We recommend comparing offers from multiple banks and financial institutions to find the most competitive interest rate and loan terms for your needs.

The loan amount you are eligible for depends on several factors, including your monthly income, existing EMIs, CIBIL score, age, employment type, loan tenure, and the lender’s eligibility criteria. Use our Loan Eligibility Calculator to get an instant estimate of the loan amount you may qualify for. Final approval and the sanctioned amount are determined by the respective bank or financial institution.

Yes. Self-employed individuals, including business owners, professionals, freelancers, and consultants, can apply for loans. Eligibility depends on factors such as business stability, income, CIBIL score, bank statements, income tax returns (ITRs), and repayment capacity. Meeting the lender’s eligibility criteria can improve your chances of approval and help you secure better loan terms.

FAQ'S

What is a Home Loan Balance Transfer?

A Home Loan Balance Transfer is the process of transferring your existing home loan from your current lender to another bank or financial institution that offers a lower interest rate or better loan terms. This can help you reduce your monthly EMI, save on total interest costs, and access additional benefits such as a top-up loan, flexible repayment options, and improved customer service. Before transferring, it’s important to compare interest rates, processing fees, and overall savings to ensure the switch is financially beneficial.

Yes. Many banks and financial institutions offer a Top-Up Loan when you transfer your existing home loan, provided you meet their eligibility criteria. A top-up loan allows you to borrow additional funds over your existing home loan for purposes such as home renovation, education, medical expenses, business needs, or other personal financial requirements. The loan amount depends on your repayment history, income, property value, and the lender’s policies.

The amount you can save depends on your outstanding loan amount, the difference between your current and new interest rates, the remaining loan tenure, and any applicable processing fees. Even a small reduction in the interest rate can significantly lower your monthly EMI and reduce the total interest paid over the life of the loan. Our experts can help you compare offers from multiple banks to estimate your potential savings before you decide to transfer your home loan.

Yes. Most banks and financial institutions charge a processing fee for a home loan balance transfer. The fee varies from lender to lender and is usually a small percentage of the loan amount or a fixed amount. Some banks may also offer promotional waivers or discounted processing fees. Before transferring your loan, it’s important to compare the total cost, including processing charges, to ensure the balance transfer provides overall savings.

The balance transfer process typically takes 7 to 15 working days, depending on the lender, document verification, property evaluation, and the closure process with your existing bank. Submitting all required documents accurately and responding promptly to any additional requests can help speed up the approval and disbursement process.