LOAN PRODUCT 06
Loan Balance Transfer
Bank of Baroda and LIC Housing Finance accept balance transfers starting at 8.25%. Once you've cleared 12 continuous, on-time EMIs on your existing loan, the interest rate drops, and you also become eligible for an additional Top-Up loan of up to ₹50 Lakhs at the lowest available rate.
Interest RateFrom 8.25% p.a.
Max AmountAny Existing Amount
Apply for Balance Transfer
Reduce existing EMIs & claim Top-up funds.
Check Eligibility Complete bank paperwork handledTransfer EMI Savings Calculator
₹40,00,000
18 Yrs
8.25%
New Monthly EMI₹35,606
Total Interest₹36,90,876
Total Payable₹76,90,876
Top Balance Transfer Banks
| Bank | Rate | Processing Fee | Tenure |
|---|---|---|---|
| Bank of Baroda | 8.25% - 9.10% | Nil to 0.25% | 30 Yrs |
| HDFC Bank | 8.40% - 9.20% | 0.25% | 30 Yrs |
| LIC HFL | 8.45% - 9.35% | ₹5,000 - ₹10,000 | 30 Yrs |
Eligibility Criteria
- Existing Loan Vintage: Minimum 12 on-time monthly EMI repayments
- Clean Track Record: Zero EMI bounces in past 12 months
- Clear title and approved property map
- CIBIL Score: 750+
Required Documents
- Foreclosure Letter & List of Documents (LOD) from existing bank
- Last 12 Months Existing Loan Statement of Account (SOA)
- Latest 6 Months Salary Bank Statement / 2 Yrs ITR
- Property Title & KYC Documents