Business Loan
Transfer Home Loan

Switch your existing home loan to a better deal with lower EMIs and improved terms. Save more without hassle.

SBI
HDFC Bank
ICICI Bank
Axis Bank
LIC Housing Finance
SBI
HDFC Bank
ICICI Bank
Axis Bank
LIC Housing Finance

Key Highlights of Transfer Home Loan

  • Lower interest rates starting from 8.4% per annum
  • Transfer your existing home loan balance up to ₹10 crores
  • Flexible repayment tenure up to 30 years
  • Top-up loan facility available with transfer
  • Minimal documentation and quick approval process
  • Save on EMIs by moving to better terms
  • No impact on property ownership or title

Best Banks & NBFCs Offering Transfer Home Loan

Bank/NBFCLoan AmountInterest RateProcessing FeeMax Tenure
SBI₹1L - ₹10Cr8.4% - 9.5%0.25% - 0.35% + GST30 years
HDFC Bank₹1L - ₹10Cr8.5% - 9.4%Up to ₹3,000 + GST30 years
ICICI Bank₹1L - ₹10Cr8.6% - 9.7%0.5% + GST30 years
Axis Bank₹5L - ₹5Cr8.7% - 9.6%Up to ₹10,000 + GST30 years
LIC Housing Finance₹1L - ₹10Cr8.5% - 9.3%0.25% + GST30 years

Features & Benefits of Transfer Home Loan

Lower Interest Rate

Save on EMIs by switching to a lower interest rate with floating/fixed options

Top-Up Facility

Option to avail additional top-up loan along with transfer for personal/renovation needs

Flexible Tenure

Extend or reduce your repayment tenure up to 30 years for convenient EMIs

Minimal Documentation

Simplified paperwork for transferring your existing loan balance

Fast Approval

Quick disbursal and processing within 5-7 working days

Tax Benefits

Continue to avail deductions on principal and interest payments

Types of Transfer Home Loan

Standard Balance Transfer

Switch your existing home loan from one bank/NBFC to another for lower interest rates and better terms

Balance Transfer with Top-Up Loan

Transfer your loan and avail additional funds for renovation, furnishing, or personal needs

Balance Transfer for Under-Construction Property

Move your ongoing loan for an under-construction property to another lender for better terms

Balance Transfer for Completed Property

Shift your loan for ready-to-move or completed homes and reduce EMI burden

Balance Transfer with EMI Restructuring

Choose to extend or reduce tenure while transferring your loan to suit your monthly budget

Eligibility & Documents

Eligibility Criteria

Age21 to 65 years (at loan maturity)
Income₹25,000 per month minimum
EmploymentSalaried/Self-employed/Professional with stable income
Credit Score750 and above preferred
DocumentsExisting loan account statement and property documents required

How to Apply for Transfer Home Loan

1

Check eligibility and compare transfer offers

2

Apply for balance transfer with chosen bank

3

Submit existing loan documents and property details

4

Verification by new lender (legal & technical check)

5

Loan sanction and balance transfer approval

EMI Calculator

₹50,000₹1,00,00,000
6 months360 months
8%30%

In Total:

₹5,64,882
Principal: ₹5,00,000
Interest: ₹64,882
EMI: ₹23,537