Balance Transfer
Paying too much on an old loan? Transfer it and save lakhs in interest.
- New Rates From
- 8.50% p.a.
- EMI Reduction
- Up to 25%
- Top-up
- Available
- Foreclosure
- Zero (floating)
If your existing home, personal or business loan was sanctioned when rates were higher — or your credit profile has improved since — a balance transfer moves the outstanding to a new lender at a lower rate. Most transfers also unlock a top-up loan at the same low rate.
Compare balance transfer offers
Same application, every lender compared. We negotiate on your behalf and route your file to the bank most likely to approve it at the best rate.
Showing 3 of 3 offers, best rate highlighted.
| Lender | Rate (p.a.) | Max amount | Tenure | Processing fee | Actions |
|---|---|---|---|---|---|
State Bank of India Best rate | 8.50% onwards8.50% – 12.00% p.a. | As per existing outstanding + top-up | Up to 30 years (home loans) | Nil to 0.35% (campaign-based) | |
Axis Bank | 10.25% onwards10.25% – 21.00% p.a. | Up to ₹40 Lakh | 12 – 84 months | Up to 2% + GST | |
HDFC Bank | 10.40% onwards10.40% – 24.00% p.a. | Up to ₹40 Lakh (personal loans) | 12 – 60 months | Up to 2.5% (max ₹6,500) |
Rates, fees and eligibility are indicative, vary by applicant profile and lender policy, and are confirmed at the time of sanction. Vridhee Finsol is a distributor — sanction rests solely with the bank.
Features & benefits
- Lower interest rate on your existing outstanding
- Reduce EMI or shorten tenure — your choice
- Top-up loan at the transferred rate
- Zero foreclosure charges on floating-rate loans
- We handle the entire takeover paperwork
- Works for home, personal, business and property loans
Eligibility
- Existing loan running for at least 12 months
- Clean EMI track record
- Credit score above 650
- Adequate income for the new lender's norms
Documents required
- Loan account statement and sanction letter of existing loan
- Foreclosure / outstanding letter from current lender
- KYC — PAN, Aadhaar
- Income proof and 6 months' bank statements
How it works
- 1
Apply online or on a call — 2 minutes
- 2
We compare offers across 8+ banks for your profile
- 3
Choose your best offer; we handle documentation
- 4
Sanction and disbursal — most files in 24–48 hours
Estimate your EMI
Monthly EMI
₹21,494
- Principal
- ₹10,00,000
- Total interest
- ₹2,89,634
- Total payable
- ₹12,89,634
Frequently asked questions
When is a balance transfer worth it?
As a rule of thumb: if the new rate is at least 0.5% lower and your remaining tenure is over 5 years, the savings comfortably exceed transfer costs. We calculate the exact break-even for you before you commit.
What does a transfer cost?
The new bank's processing fee (often waived in transfer campaigns), stamp duty on mortgage documents for secured loans, and any foreclosure charge from the old lender (zero on floating-rate loans).
What is a top-up loan?
Extra funds sanctioned over and above the transferred outstanding, at or near the same low rate — a far cheaper way to raise money than a fresh personal loan.
Will my old bank object?
No. Once you request a foreclosure letter, the old lender must provide it and hand over documents on closure. Retention teams may counter-offer a lower rate — which is also a win; we help you evaluate it.