Home and property
Home Loan Balance Transfer
If your home loan rate has a nine in front of it, you are probably overpaying.
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.
- Amount
- ₹10 L to ₹10 Cr
- Tenure
- 5 to 30 years
- Processing fee
- Nil to 0.5% plus GST
Check balance transfer loan eligibility
Free pre-screen across our lender panel. No bureau enquiry.
About home loan balance transfers
Home loan rates have fallen substantially since 2023 and 2024, but many older loans still run on legacy benchmarks or wide spreads. If you are paying 9% or more on a loan with 10 or more years left, a transfer to a lender at 7.5% to 8% will usually save several lakh rupees even after the switching costs.
The arithmetic is not always in favour of switching, though. Shorter remaining tenures, small outstanding amounts and high processing or legal fees can wipe out the benefit. We run the numbers honestly, including the option of simply asking your current lender to reprice your spread, which sometimes costs a small conversion fee and no paperwork at all.
When a transfer makes sense, we handle the foreclosure letter, the list of documents, the new lender's legal process and the timing of the switch so that you never pay double interest.
Rate note: Transfer pricing mirrors fresh home loan rates for the same profile.
Why borrowers choose it
What a home loan balance transfer through LoansPartner gets you
Lower rate, same house
A 1% reduction on a ₹60 lakh balance with 15 years left saves roughly ₹5 to ₹6 lakh of interest.
Top-up at home loan rates
Raise additional funds for interiors, education or consolidation at a fraction of personal loan cost.
Reset tenure to your goals
Keep the EMI and shorten the tenure, or lengthen it to free monthly cash flow.
Repricing as an alternative
We also check whether your current lender will simply cut your spread for a small fee.
No double interest
We time foreclosure and disbursal so the switch is clean.
Zero fee to you
Our comparison and process support are free; the new lender pays us.
Common uses
- Reducing EMI on an older, high-rate loan
- Raising a top-up for renovation
- Consolidating a personal loan into the home loan
- Moving from a fixed rate to a repo-linked floating rate
- Escaping a lender with poor service
Eligibility
Who qualifies
Norms vary by lender. These are the ranges across our panel; we tell you precisely where your profile fits before you apply.
- Age
- 21 to 65 years at the end of the new tenure
- Income
- As for a fresh home loan; existing repayment track record matters most
- Credit score
- 700 and above with a clean repayment record on the existing loan
- Employment
- Salaried. Self-employed professionals and business owners
- Also
- At least 12 EMIs paid on the existing loan
- Also
- No overdues in the last 12 months
Documents
What to keep ready
A complete file is the single biggest driver of a fast sanction. We collect everything digitally in one go.
- KYC and income documents as for a fresh home loan
- Sanction letter and loan account statement of the existing loan
- Foreclosure letter and list of documents (LOD) from the existing lender
- Copies of property documents held by the existing lender
- KYC, ITRs and financials as for a fresh home loan
- Existing loan sanction letter, account statement, foreclosure letter and LOD
- Property document copies
How it works
Five steps, one point of contact
- 01
Share your current outstanding, rate, remaining tenure and lender.
- 02
We show the savings after all costs, alongside the repricing option with your current lender.
- 03
If a transfer wins, we shortlist lenders and collect documents including the foreclosure letter.
- 04
The new lender sanctions and pays off the old loan directly. Original documents move between lenders.
- 05
Your new EMI starts; we confirm the old account is closed and the NOC is issued.
Indicative EMIs
What the instalment looks like
Computed at the lowest rate in this product's range. Run your own numbers in the EMI calculator.
| Loan amount | 10 yr | 15 yr | 20 yr | 25 yr |
|---|---|---|---|---|
| ₹10,00,000 | ₹11,792 | ₹9,185 | ₹7,964 | ₹7,293 |
| ₹20,00,000 | ₹23,584 | ₹18,370 | ₹15,929 | ₹14,585 |
| ₹50,00,000 | ₹58,960 | ₹45,925 | ₹39,822 | ₹36,463 |
| ₹1,00,00,000 | ₹1,17,920 | ₹91,851 | ₹79,645 | ₹72,926 |
| ₹2,00,00,000 | ₹2,35,841 | ₹1,83,702 | ₹1,59,289 | ₹1,45,852 |
Lenders
Where we place home loan balance transfer files
A selection from our panel. The best lender for you depends on your profile, city and the property or asset involved.
HDFC Bank
Private bankSalaried professionals seeking competitive personal, home and car loan pricing.
ICICI Bank
Private bankHome buyers in approved projects and businesses needing working capital lines.
Axis Bank
Private bankCorporate salaried borrowers and SMEs with strong banking.
Kotak Mahindra Bank
Private bankSalaried home buyers and self-employed borrowers with property.
State Bank of India
Public sector bankGovernment employees, home buyers seeking the lowest published rates, and education loan applicants.
LIC Housing Finance
Housing finance companyHome buyers seeking HFC flexibility with competitive rates.
FAQs
Home Loan Balance Transfer questions, answered
When does a home loan balance transfer make sense?
As a rule of thumb, when the rate difference is 0.5% or more, at least 8 to 10 years of tenure remain, and the outstanding balance is ₹25 lakh or more. Our balance transfer calculator shows the exact break-even including fees.
What does a balance transfer cost?
Processing fee (often waived), legal and technical charges of ₹5,000 to ₹15,000, and stamp duty on the new mortgage deed in some states. There is no foreclosure charge on floating-rate home loans.
Can I get a top-up with the transfer?
Yes. Most lenders offer a top-up of up to the eligible loan-to-value on the property, priced at or just above the home loan rate, disbursed along with the transfer.
Will my tax benefits continue?
Yes. Interest and principal repaid on the new loan continue to qualify for the same deductions on a self-occupied property, subject to the tax regime you follow and to the provisions in force for that year.
Related products
Sometimes a different product is cheaper. We will say so.
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
Loan Against Property
Loans against residential, commercial or industrial property from ₹10 lakh to ₹15 crore at rates from about 8.75% p.a., with tenures up to 15 to 20 years and funding up to 70% of market value.
- Rate from
- 8.75% p.a.
- Up to
- ₹15 Cr
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Guides
Read before you apply
Home Loan Balance Transfer: When It Saves Money and When It Does Not
The arithmetic of switching lenders: rate difference, remaining tenure, costs and the repricing alternative, with a worked example and a simple break-even rule.
Loan Against Property vs Personal Loan: Which Is Cheaper for You?
Cost, speed, amount, risk and tax treatment compared, with the situations where each product wins and a worked comparison on a ₹20 lakh need.
Fixed vs Floating Home Loan Rate in 2026: Which Should You Choose?
How repo-linked floating rates work, what fixed and hybrid options really offer, and how to decide with the repo rate at 5.25% and the cycle where it is.
Get your home loan balance transfer shortlist.
Share your requirement in two minutes. Our credit desk pre-screens your profile and calls with lenders, rates and next steps. No fee, no bureau enquiry.