Balance Transfer
If switching genuinely saves you money, we'll show the number. If it doesn't, we'll tell you that too.
Indicative rate: lower your rate
Applies to
Home Loan, LAP, Personal Loan, Business Loan
Benefit
Lower rate, possible top-up, restructured tenure
Cost factors
Processing fee, stamp duty, legal/valuation charges
Processing time
Varies by lender
Who this is for
Is this the right fit?
- Borrowers on an existing Home Loan, LAP, Personal Loan, or Business Loan
- Anyone whose rate hasn't moved with the market since they borrowed
- Borrowers wanting a top-up alongside a transfer
- Borrowers wanting to restructure tenure to lower the EMI
Features & benefits
What you get with our Balance Transfer
- Covers Home Loans, LAP, Personal Loans, and Business Loans
- Can include a top-up facility on top of the transferred balance
- Option to restructure tenure to reduce monthly EMI, not just the rate
- We calculate net savings after processing fees, stamp duty, and legal/valuation charges — not just the gross rate difference
- If the transfer doesn't clear those costs, we'll tell you before you apply
- Same document-handling support as a fresh loan application
*Indicative rates. Actual rate depends on lender, credit profile, income, and loan amount. Subject to lender approval. Updated July 2026.
Eligibility
Eligibility criteria
Eligibility
- An existing loan in good standing with no missed payments
- Remaining tenure long enough for switching costs to be recovered
- Meets the new lender's standard income and CIBIL criteria
Paperwork
Documents required
Checklist for Balance Transfer
- Existing loan statement and foreclosure letter
- Standard KYC and income documents
- Property or collateral papers, if the underlying loan is secured
- Latest repayment track record from the current lender
Calculator
Balance transfer savings
Current EMI
₹31,327
New EMI
₹29,104
Monthly saving
₹2,223
Total interest saved
₹4 L
Switching cost
₹30,000
Net saving after all costs: ₹3.7 L
You recover the switching cost in about month 14 of the new loan. This transfer looks worthwhile based on the numbers entered.
*Indicative rates. Actual rate depends on lender, credit profile, income, and loan amount. Subject to lender approval. Updated July 2026.
Get started
Apply for a Balance Transfer
Start your application
Free consultation. No obligation.
Process
How to apply
Share your requirement
Tell us the loan type, amount, and what the funds are for. Two minutes on a form or a call.
We shortlist lenders
We match you to lenders whose criteria fit your profile and tell you the realistic rate you'll actually get.
Documentation & submission
We tell you exactly what's needed, check it before submission, and cut back-and-forth with the lender.
Sanction & disbursement
We track the application, resolve queries, and keep you updated until the money reaches your account.
FAQ
Balance Transfer — frequently asked questions
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