Home finance
Balance Transfer
Shift the outstanding balance of an existing home loan, LAP, business loan or personal loan to a new lender at a lower rate. Over a long residual tenure even a 50 basis point saving can amount to lakhs of rupees.
- Interest rate
- 8.30% – 13% p.a.
- Loan amount
- Existing outstanding + top-up
- Tenure
- Residual tenure, extendable
- Processing fee
- Nil – 1% of loan amount
Features
What the balance transfer gives you
- Rate reduction of 50-200 basis points on legacy loans
- Additional top-up funding sanctioned alongside the transfer
- Tenure can be shortened to close the loan faster at the same EMI
- Nil foreclosure charges on floating-rate loans to individuals as per RBI
- Full takeover coordination — we collect the foreclosure letter and list of documents
Eligibility
Who qualifies
- At least 12 months of repayment track on the existing loan
- No EMI bounce or delay in the last 12 months
- Property and title documents intact with the existing lender
- Current credit score of 700 or above
- Meaningful residual tenure — transfers make little sense in the final years
Documents
Checklist to keep ready
KYC
- • PAN
- • Aadhaar
- • Photographs
Existing Loan
- • Sanction letter and loan agreement
- • Last 12 months loan statement
- • Foreclosure and outstanding letter
- • List of documents held by the current lender
Income & Property
- • Income documents as per the underlying product
- • Property chain documents
- • Latest tax receipt
Calculator
Estimate your EMI and eligibility
Indicative figures only. Your final rate depends on the lender's assessment of your credit profile, income and, for secured loans, the property.
Monthly EMI
₹35,973
- Principal
- ₹40,00,000
- Total interest
- ₹37,70,113
- Total payable
- ₹77,70,113
Your personalised explanation will appear here. Indicative only — final approval depends on the lender.
Want the full picture?
Read our written eligibility guide — how FOIR at 80% of income works, credit score bands, and eligibility checklists for all 13 loan products.
Read the Eligibility GuideFAQs
Balance Transfer questions
Related loan services
Ready to move on your balance transfer?
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