Glossary
Balance Transfer
What it means
In a balance transfer, the new lender pays off your existing loan and you repay the new lender at the new rate. It is common for home loans and loans against property, and possible for personal loans.
The benefit depends on the rate difference, the remaining tenure and the transfer costs. Our balance transfer calculator shows the break-even, and we also check whether your current lender will simply reprice your loan.
Where it applies
Home Loan Balance Transfer
Move an existing home loan to a lender offering a lower rate, from about 7.35% p.a., with an optional top-up for renovation or other needs. Savings often run into lakhs over the remaining tenure.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
More terms
Ready when you are.
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