Best Balance Transfer Loans in India
Lower your EMIs with LoanPao’s balance transfer loans from 7.0% p.a. and approvals in 48 hours. Explore home loan balance transfer and personal loan balance transfer options.
Apply NowAbout Balance Transfer Loans in India
A balance transfer loan allows you to shift your existing home, personal, or other loans to a new lender offering lower interest rates or better terms, reducing your EMI burden. With RBI’s repo rate at 5.50%, LoanPao partners with 250+ trusted lenders to provide balance transfer loans starting at 7.0% p.a., with approvals in 48–72 hours and no prepayment penalties for floating-rate loans. Save up to ₹2 lakh annually on interest with our seamless digital process. Explore home loan balance transfer and personal loan balance transfer options.
Key Features of Balance Transfer Loan
- Loan Amount: Transfer up to ₹5 crore, based on existing loan balance.
- Interest Rates: Starting at 7.0% p.a. (fixed or floating) - lowest interest rate for balance transfer.
- Tenure: Up to 30 years for home loans; 7 years for personal loans.
- No Prepayment Penalties: For floating-rate loans, per RBI guidelines.
- Digital Process: Online application with e-KYC and instant pre-approvals.
LoanPao’s IRDAI-certified experts ensure transparency and compliance. Refinance your loan today!
Apply NowBalance Transfer Loan Interest Rates
Compare balance transfer loan interest rates from top lenders, starting at 7.0% p.a. Rates vary based on credit score, loan type, and balance.
| Lender | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Bank of India | 7.0%–8.2% | 0.25%–0.5% |
| HDFC Bank | 7.5%–9.0% | Up to 0.5% |
| ICICI Bank | 7.8%–9.5% | 0.5%–1% |
Loan Comparison Tool
Our Loan Comparison Tool helps you compare balance transfer offers, rates, tenures, and fees from 250+ lenders in real-time. Enter your loan details to find the best balance transfer deal.
Compare NowBalance Transfer Loan Benefits
Low Rates
From 7.0% p.a. - lowest interest rate for balance transfer.
Fast Approvals
Within 48–72 hours.
Trusted Lenders
250+ banks and NBFCs.
No Penalties
No prepayment penalties for floating rates.
Easy Process
Digital balance transfer process.
EMI Savings
Save up to ₹2 lakh annually.
Popular Uses of Balance Transfer Loan
- Home loan balance transfer to reduce EMIs.
- Personal loan balance transfer for better terms.
- Refinancing high-interest loans.
- Extending loan tenure for lower monthly payments.
Why Choose LoanPao for Balance Transfer Loan?
LoanPao offers tailored balance transfer loans with competitive rates, fast approvals, and 24/7 support. Our platform connects you to RBI-compliant lenders for a hassle-free experience.
Fast Processing
Approvals within 48–72 hours.
Affordable Rates
Starting at 7.0% p.a.
Dedicated Support
Reach us at +91-999-163-4766.
Balance Transfer Loan Tips
- Check balance transfer loan eligibility before applying.
- Compare balance transfer loan interest rates.
- Gather all balance transfer loan documents in advance.
- Understand the balance transfer process to avoid delays.
Balance Transfer Loan Eligibility Criteria
Check if you qualify for a LoanPao balance transfer loan:
- Age: 21–65 years
- Income: ₹25,000+/month (salaried) or ₹3 lakh p.a. (self-employed)
- Credit Score: 700+ for better rates
- Existing Loan: At least 6 months repaid, no defaults
- Tip: Co-applicants improve eligibility.
Balance Transfer Loan Documents Required
Submit these balance transfer loan documents for quick processing:
- Aadhaar and PAN for KYC.
- Existing loan statements.
- Income proof (salary slips or ITR).
- Property documents for home loan balance transfer.
- Bank statements for last 6 months.
Balance Transfer Loan Application Process
Transfer your loan in 5 easy steps with LoanPao's balance transfer process:
- Apply online on LoanPao’s platform.
- Submit ID, income, and existing loan details.
- Get pre-approved offers from lenders.
- Complete verification (legal and technical).
- Receive funds to settle your old loan.
EMI Calculator for Balance Transfer Loan
Use our EMI Calculator to estimate savings on monthly payments after transferring your loan.
Calculate EMIMarket Insights on Balance Transfer Loans
RBI’s repo rate cut to 5.50% has lowered floating rates, making balance transfers more attractive. Save up to 2% on interest by refinancing now. Read more in our blog.
Testimonials for Balance Transfer Loan
“LoanPao reduced my home loan rate from 9.5% to 7.2% in just 3 days!”
Vikram Singh, Delhi“The comparison tool saved me ₹1.5 lakh in interest. Amazing service!”
Priya Sharma, Mumbai“Easy process for personal loan balance transfer. Highly recommended!”
Amit Patel, Bengaluru