Move your home loan to a lower rate and cut your EMI
Paying more than today's rates? We check how much you would save after transfer charges, compare lenders for a lower rate and top-up, and manage the paperwork with both banks.
- Rates from
- 7.10% p.a.
- Loan amount
- Outstanding + top-up
- Tenure
- Up to 30 years
- Lenders compared
- 30
Compare balance transfer offers
Indicative rates and charges. Tap Get this offer and an advisor will check your eligibility with that lender.
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State Bank of India
Public Sector BankInterest rate 7.25% – 8.95%- Processing fee
- ₹0 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Affordable home loan with long tenure, low EMI and transparent processing.
- Lower EMI
- Top-up option
- Long tenure
- Overdraft/MaxGain option
-
Central Bank of India
Public Sector BankInterest rate 7.10% – 9.10%- Processing fee
- ₹0 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Public sector home loan with affordable rates and low processing charges.
- Affordable rates
- Long repayment tenure
- Low processing charges
- Public sector bank support
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Bank of Baroda
Public Sector BankInterest rate 7.20% – 9.20%- Processing fee
- ₹5900 – ₹10080
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Public sector bank home loan with affordable EMI options.
- Affordable EMI
- Public sector bank trust
- Top-up support
- Simple transfer
-
Bank of India
Public Sector BankInterest rate 7.10% – 8.85%- Processing fee
- ₹2500 – ₹20000
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer solution with competitive rates and long repayment tenure.
- Competitive interest rate
- Long repayment tenure
- Simple approval
- Trusted bank
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Union Bank of India
Public Sector BankInterest rate 7.15% – 9.75%- Processing fee
- ₹0 – ₹15000
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible repayment and public sector bank trust.
- Better rate
- Flexible tenure
- Top-up support
- Low charges
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Bank of Maharashtra
Public Sector BankInterest rate 7.10% – 9.40%- Processing fee
- ₹0 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with competitive interest rates, flexible repayment tenure and transparent processing.
- Competitive rates
- Flexible tenure
- Simple documentation
- Transparent process
-
IDBI Bank
Private BankInterest rate 7.75% – 10.35%- Processing fee
- ₹5900 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible repayment and easy documentation.
- Flexible repayment
- Easy documentation
- Long tenure
- Top-up option
-
HDFC Bank
Private BankInterest rate 7.15% – 9.00%- Processing fee
- ₹0 – ₹5900
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Fast home loan approval with flexible repayment options.
- EMI saving
- Top-up loan
- Fast approval
- Doorstep support
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Bajaj Housing Finance
NBFCInterest rate 7.20% – 17.00%- Processing fee
- Up to 4% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Housing finance option for high-ticket home loan requirements.
- High ticket loan
- Fast approval
- Flexible policy
- Top-up available
-
ICICI Bank
Private BankInterest rate 7.30% – 8.50%- Processing fee
- ₹5900 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer solutions for salaried and self-employed customers.
- Lower interest rate
- Top-up option
- Flexible EMI
- Quick transfer
-
Axis Bank
Private BankInterest rate 7.30% – 8.50%- Processing fee
- ₹5900 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer option with quick processing and flexible tenure.
- Fast transfer process
- Top-up available
- Better EMI
- Flexible tenure
-
LIC Housing Finance
Housing Finance CompanyInterest rate 7.15% – 9.00%- Processing fee
- ₹5900 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Housing finance option with trusted brand support.
- Trusted HFC
- Flexible EMI
- Top-up option
- Long tenure
-
PNB Housing Finance
Housing Finance CompanyInterest rate 8.50% – 15.00%- Processing fee
- ₹0 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer for salaried and self-employed customers with flexible eligibility and easy documentation.
- Flexible eligibility
- Housing finance support
- Top-up available
- Simple documentation
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Kotak Mahindra Bank
Private BankInterest rate 7.50% – 9.00%- Processing fee
- ₹5000 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with competitive rates, fast processing and flexible repayment options.
- Quick transfer
- Competitive rates
- Top-up option
- Digital support
-
Federal Bank
Private BankInterest rate 9.65% – 10.25%- Processing fee
- ₹5900 – ₹15000
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with simple documentation, flexible tenure and attractive rate options.
- Simple documentation
- Flexible tenure
- Attractive rates
- Quick eligibility check
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IDFC First Bank
Private BankInterest rate 8.85% – 12.00%- Processing fee
- Up to 3% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with digital process, flexible eligibility and quick approval support.
- Digital process
- Quick approval
- Flexible eligibility
- Easy documentation
-
Tata Capital
NBFCInterest rate 7.99% – 10.55%- Processing fee
- Up to 0.5% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible policy, quick processing and funding as per eligibility.
- Flexible policy
- Quick processing
- Top-up option
- Easy documentation
-
RBL Bank
Private BankInterest rate 9.00% – 12.00%- Processing fee
- Up to 1.25% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible eligibility, simple process and repayment options as per profile.
- Flexible eligibility
- Simple process
- Repayment flexibility
- Profile based funding
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GIC Housing Finance
Housing Finance CompanyInterest rate 8.25% – 12.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with easy documentation, competitive rates and flexible tenure.
- Housing finance support
- Competitive rates
- Flexible tenure
- Easy documentation
-
Godrej Housing Finance
Housing Finance CompanyInterest rate 8.55% – 13.00%- Processing fee
- ₹0 – ₹11800
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with simple process, flexible eligibility and customer-friendly repayment.
- Customer-friendly process
- Flexible eligibility
- Simple documentation
- Quick support
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L&T Finance
Housing Finance CompanyInterest rate 8.65% – 15.00%- Processing fee
- Up to 3% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible policy, quick processing and funding as per eligibility.
- Flexible policy
- Quick processing
- Funding support
- Easy repayment options
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IIFL Housing Finance
Housing Finance CompanyInterest rate 8.75% – 12.00%- Processing fee
- Up to 1.75% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible eligibility, fast approval and support for different income profiles.
- Flexible income policy
- Fast approval
- Top-up available
- Multiple profile support
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Yes Bank
Private BankInterest rate 9.00% – 12.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with competitive rates, simple documentation and flexible repayment.
- Competitive rates
- Simple documentation
- Flexible repayment
- Quick processing
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Bandhan Bank
Private BankInterest rate 7.80% – 9.00%- Processing fee
- Up to 0.25% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with attractive rates, flexible tenure and easy documentation.
- Attractive rates
- Flexible tenure
- Easy documentation
- Customer support
-
Aavas Housing Finance
Housing Finance CompanyInterest rate 10.00% – 14.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer for salaried, self-employed and informal income customers.
- Informal income support
- Flexible policy
- Affordable EMI
- Simple documentation
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Aadhar Housing Finance
Housing Finance CompanyInterest rate 9.50% – 13.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with simple documentation, flexible eligibility and affordable EMI.
- Affordable housing support
- Simple documentation
- Flexible eligibility
- Easy EMI
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Aditya Birla Housing Finance
NBFCInterest rate 7.60% – 11.00%- Processing fee
- 0.30% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer for purchase, construction and renovation with competitive rates.
- Competitive rates
- Flexible eligibility
- Easy documentation
- Quick processing
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Shubham Housing Finance
Housing Finance CompanyInterest rate 10.00% – 15.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible income assessment for eligible customers.
- Flexible income assessment
- Easy documentation
- Affordable EMI
- Quick support
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True Home Finance
Housing Finance CompanyInterest rate 9.50% – 14.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with flexible eligibility, simple processing and long tenure.
- Flexible eligibility
- Simple processing
- Long tenure
- Affordable repayment
-
DCB Bank
Private BankInterest rate 9.50% – 13.00%- Processing fee
- Up to 1% of loan amount
- Loan amount
- Outstanding loan + top-up as per eligibility
- Tenure
- Up to 30 Years
Balance transfer with competitive rates, flexible repayment and simple documentation.
- Competitive rates
- Flexible repayment
- Simple documentation
- Profile based funding
Rates are per annum and indicative, taken from lender information and updated periodically. The final rate, amount and charges are decided by the lender based on your profile.
What you get with a balance transfer through MyFinanceCare
Lower EMI
Even 0.5% less on a large loan saves a lot over the remaining tenure. We show the saving in rupees before you decide.
Top-up with the transfer
Many lenders give an extra top-up loan at home loan rates, useful for renovation, education or business.
We check it is worth it
Transfer has costs: processing, legal, valuation and stamp charges. We compare these against your interest saving.
Choose a new tenure
Keep the same EMI and finish earlier, or lower the EMI with a longer tenure.
Both banks handled
Foreclosure letter, list of documents and the payout to your old lender are coordinated for you.
Better service
Move to a lender with digital statements, easy part-payment and responsive service.
- Lower interest rate
- Lower EMI
- Top-up loan
- Shorter tenure
- Better service
Eligibility
- At least 12 EMIs paid on the current loan (varies by lender)
- No missed or late EMIs in the last 12 months
- Property with clear title and approved plan
- Good CIBIL score (700+ for the best rates)
- Income that supports the new EMI and any top-up
Documents you'll need
- Current loan sanction letter and loan account statement
- Foreclosure / outstanding letter from the existing lender
- List of property documents held by the existing lender
- KYC, income proof and 6–12 months bank statement
Exact documents vary by lender and profile. Your advisor will share the final list.
Questions people ask
What is a home loan balance transfer?
It means shifting your existing home loan from your current bank or NBFC to another lender that offers a lower interest rate, a top-up loan or better terms.
When should I transfer my home loan?
When another lender offers a clearly lower rate, especially in the first half of your tenure when most of the EMI goes towards interest.
Will my EMI go down?
Yes, if the new rate is lower or you choose a longer tenure. The actual saving depends on the outstanding amount, remaining tenure and transfer charges.
Can I get a top-up loan?
Many lenders offer a top-up along with the transfer, subject to property value, repayment track record, income and CIBIL score.
What does a balance transfer cost?
Usually the new lender's processing fee, legal and valuation fees and mortgage (MOD) charges. Floating rate home loans have no foreclosure charge for individuals.
Is a transfer always worth it?
Only when the interest you save is more than the total transfer cost. We calculate both before you apply.
Get help with your balance transfer
Share a few details and an advisor will call you back.
Not sure which loan or lender is right for you?
Call or WhatsApp an advisor. It takes five minutes and there is no obligation.