Retail / Individual Loans
Balance Transfer & Top-Up Loans
Lower your EMIs by transferring existing loans to banks with lower interest rates. Also get additional top-up loans on your existing home loans for personal or business needs.
Key Features
Lower Interest Rates
Transfer to rates as low as 8.35% p.a.
Significant Savings
Save lakhs over your loan tenure
Top-Up Facility
Get additional funds up to 100% of savings
No Prepayment Charges
Zero charges for floating rate loans
Quick Processing
Transfer completed in 7-14 days
Free Property Valuation
Complimentary property assessment
Why Choose Us?
Lower EMI
Reduce monthly payment burden
Safe Process
Secure transfer between banks
Quick Transfer
Fast processing of transfer
Expert Advice
Personalized savings analysis
Documents Required
Existing Loan Documents
- Sanction Letter
- Loan Account Statement
- List of Documents Submitted
- NOC from Current Bank
Income Documents
- Latest Salary Slips
- Bank Statements (6 months)
- ITR / Form 16
Property Documents
- Original Property Papers
- Property Tax Receipts
- Society NOC
Frequently Asked Questions
When should I consider a balance transfer?
Consider balance transfer when the interest rate difference is at least 0.5-1% and remaining tenure is more than 5 years. The savings should outweigh the transfer costs.
What is the typical cost of balance transfer?
Costs include processing fee (0.5-1%), legal and valuation charges, and possibly a CERSAI registration fee. Most floating rate loans have zero prepayment charges.
Can I get a top-up loan along with balance transfer?
Yes, you can avail a top-up loan along with balance transfer. This additional amount can be used for any purpose including home renovation, education, or business.
How much can I save through balance transfer?
Savings depend on your outstanding loan amount, tenure remaining, and interest rate difference. Typically, you can save ₹3-5 Lakhs on a ₹50 Lakh loan over 15 years.