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Smart Financial Move

Reduce Your EMI.
Increase Your Savings.

Transfer your existing home loan to a lower interest rate with complete legal and banking support.

Zero hidden charges Bank-approved process End-to-end assistance

What is a Home Loan Balance Transfer?

A home loan balance transfer allows you to move your existing loan from one bank to another offering a lower interest rate, helping you reduce EMI or loan tenure without changing your property.

When Does Balance Transfer Make Sense?

  • Interest rate difference of 0.5% or more
  • Loan tenure remaining more than 5 years
  • Outstanding principal is still high
  • Your credit score is 750+

How Much Can You Save?

Even a 0.75% rate reduction can save you ₹3–6 lakhs over the loan term, depending on outstanding amount and tenure.

Use our refinance calculator below to see exact savings.

Does Balance Transfer Affect Credit Score?

  • Temporary minor dip may occur
  • Recovers quickly with timely payments
  • No long-term negative impact when done correctly

Charges You Should Know

  • Foreclosure charges (often Nil for floating loans)
  • Processing fee by new bank (0.25%–0.5%)
  • Legal & valuation charges (bank-dependent)
LawKeys helps negotiate & minimize these costs.

Why Banks May Reject a Balance Transfer

  • Poor title clarity
  • Missing approvals
  • Low credit score
  • Irregular EMI history
SBI & HDFC follow the strictest legal scrutiny.

Calculate Your Home Loan

See exactly how much you can save by switching today.

₹
%
Years

Monthly EMI

₹43,391

Total Interest₹54,13,840
Total Payable₹1,04,13,840

Note: These calculators are provided only as general self-help Planning Tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances. NRIs should input net income.

Documents Required

Comprehensive list for Balance Transfer

Existing Home Loan Documents

Existing Loan Sanction Letter
Loan Account Statement (last 6–12 months)
Foreclosure Letter from current bank
Outstanding Balance Letter
List of Original Documents held by bank
Latest Interest Certificate

Property Documents

Sale Agreement / Sale Deed
Allotment Letter (for builder property)
Builder–Buyer Agreement
Payment Receipts
Approved Building Plan
Commencement Certificate
Occupancy Certificate (for ready property)
Khata Certificate & Extract (A / E / B)
Latest Property Tax Receipt
Encumbrance Certificate (EC – 13 to 30 years)
Title Deed of Land
Joint Development Agreement (if applicable)
RERA Registration Certificate
Construction Approval Plans (for under-construction)

Borrower Documents

PAN Card
Aadhaar / Passport / Voter ID
Last 3 months Salary Slips
Form 16 (last 2 years)
Bank Statement (last 6 months)

📌Note: NBFCs are more flexible than SBI/HDFC for LAP in documents.

Our Banking Partners

Compare exclusive offers from the country's most trusted lenders.

B

Bank of Maharashtra

7.35% onwards
30 Years
I

Indian Bank

7.4% onwards
30 Years
B

Bank of Baroda

7.45% onwards
30 Years
S

SBI Regular Home Loan

7.5% onwards
25 Years
L

LIC HFL

7.5% onwards
30 Years
H

HDFC Regular Home Loan

7.6% onwards
30 Years
B

Bajaj Finserv

7.6% onwards
30 Years
A

Axis Bank

7.6% onwards
30 Years
I

ICICI Bank

7.65% onwards
30 Years
G

Godrej Finance

7.7% onwards
30 Years
K

Kotak

7.75% onwards
25 Years
L

L&T Finance

8.4% onwards
30 Years
F

Federal Bank

8.5% onwards
25 Years

Not sure if Balance Transfer is right for you?

Get expert advice on interest rates, hidden charges, and documentation.