Switch to a lower rate and save ₹3-10 Lakhs on your home loan. Compare transfer offers from top banks.
Lowest balance transfer rate at 8.50%. Zero processing fee for transfers up to ₹30 Lakh. Most popular choice for balance transfers in India.
Quick transfer processing in 7-10 days. Top-up loan available along with balance transfer. Digital documentation process.
Competitive rates with minimal paperwork. Special rates for transferring from private banks. Low processing fee of 0.25%.
EMI calculated for ₹50 Lakh at default tenure. Sorted by interest rate (lowest first).
| Bank | Interest Rate | EMI (₹50 Lakh) | Max Tenure | Processing Fee | |
|---|---|---|---|---|---|
| Union Bank | 8.35 - 10.75% | ₹42,918 | 30 yrs | 0.50% of loan amount + GST (max ₹15,000) | Check Savings → |
| Bank of Baroda | 8.40 - 10.65% | ₹43,075 | 30 yrs | 0.25% of loan amount + GST (max ₹25,000) | Check Savings → |
| Canara Bank | 8.40 - 10.95% | ₹43,075 | 30 yrs | 0.50% of loan amount + GST (max ₹10,000) | Check Savings → |
| Indian Bank | 8.40 - 10.40% | ₹43,075 | 30 yrs | 0.23% of loan amount + GST (max ₹20,000) | Check Savings → |
| IDBI Bank | 8.40 - 12.25% | ₹43,075 | 30 yrs | 0.50% of loan amount + GST (max ₹20,000) | Check Savings → |
| Bank of India | 8.40 - 10.85% | ₹43,075 | 30 yrs | 0.25% of loan amount + GST | Check Savings → |
| PNB | 8.45 - 10.25% | ₹43,233 | 30 yrs | 0.35% of loan amount + GST (max ₹15,000) | Check Savings → |
| Central Bank | 8.45 - 10.50% | ₹43,233 | 30 yrs | 0.50% of loan amount + GST | Check Savings → |
| SBI | 8.50 - 9.85% | ₹43,391 | 30 yrs | 0.35% of loan amount + GST (min ₹2,000, max ₹10,000) | Check Savings → |
| Bajaj Finserv | 8.50 - 14.00% | ₹43,391 | 30 yrs | Up to 1.50% of loan amount + GST | Check Savings → |
| LIC Housing | 8.50 - 10.75% | ₹43,391 | 30 yrs | 0.25% of loan amount + GST (max ₹15,000) | Check Savings → |
| L&T Finance | 8.65 - 14.00% | ₹43,867 | 25 yrs | Up to 2% of loan amount + GST | Check Savings → |
| Federal Bank | 8.70 - 10.60% | ₹44,026 | 30 yrs | 0.50% of loan amount + GST (max ₹10,000) | Check Savings → |
| South Indian Bank | 8.70 - 11.20% | ₹44,026 | 25 yrs | 0.50% of loan amount + GST (max ₹10,000) | Check Savings → |
| HDFC Bank | 8.75 - 9.95% | ₹44,186 | 30 yrs | 0.50% of loan amount (max ₹10,000) | Check Savings → |
| ICICI Bank | 8.75 - 10.05% | ₹44,186 | 30 yrs | 0.50% of loan amount + GST (max ₹10,000) | Check Savings → |
| Axis Bank | 8.75 - 13.30% | ₹44,186 | 30 yrs | Up to 1% of loan amount | Check Savings → |
| Kotak Mahindra Bank | 8.75 - 9.65% | ₹44,186 | 20 yrs | 0.50% of loan amount + GST | Check Savings → |
| IndusInd Bank | 8.75 - 11.70% | ₹44,186 | 25 yrs | 0.50% of loan amount + GST | Check Savings → |
| IDFC First Bank | 8.75 - 10.50% | ₹44,186 | 30 yrs | Up to 3% of loan amount | Check Savings → |
| Tata Capital | 8.75 - 12.50% | ₹44,186 | 25 yrs | Up to 0.50% of loan amount + GST | Check Savings → |
| HDFC Ltd | 8.75 - 9.95% | ₹44,186 | 30 yrs | 0.50% of loan amount or ₹3,000 whichever is higher | Check Savings → |
| Karur Vysya Bank | 8.80 - 10.90% | ₹44,345 | 25 yrs | 0.50% of loan amount + GST | Check Savings → |
| Yes Bank | 9.00 - 11.25% | ₹44,986 | 25 yrs | Up to 1% of loan amount + GST | Check Savings → |
| Bandhan Bank | 9.16 - 14.00% | ₹45,502 | 25 yrs | Up to 1% of loan amount + GST | Check Savings → |
| Mahindra Finance | 9.50 - 15.00% | ₹46,607 | 20 yrs | 1% + GST | Check Savings → |
| Muthoot Finance | 10.00 - 14.00% | ₹48,251 | 15 yrs | 1% + GST | Check Savings → |
| Piramal Finance | 10.00 - 16.00% | ₹48,251 | 20 yrs | Up to 3% + GST | Check Savings → |
| Manappuram Finance | 10.50 - 15.00% | ₹49,919 | 15 yrs | 1.50% + GST | Check Savings → |
Know your exact monthly EMI, total interest, and get a full amortization schedule.
Open EMI Calculator →Home loan balance transfer means moving your outstanding home loan from one bank to another that offers a lower interest rate. This can save you lakhs in interest over the remaining loan tenure.
Savings depend on the rate difference and outstanding amount. For example, transferring a ₹50 Lakh loan from 9.5% to 8.5% can save approximately ₹5-7 Lakhs in interest over 20 years.
Consider transferring when: (1) your current rate is 0.5%+ higher than available rates, (2) you have 10+ years remaining tenure, (3) your outstanding is ₹20 Lakh+. The savings should outweigh transfer costs.
Typical charges include: processing fee (0-1% of outstanding), legal/valuation charges (₹5,000-15,000), and possible foreclosure charge from your current bank (usually nil for floating rate loans).
A typical balance transfer takes 15-30 days from application to disbursement. The process involves: application to new bank, property valuation, legal verification, NOC from old bank, and final disbursal.