Home Loan Balance Transfer

Transfer your home loan to a better lender and save money. Get lower interest rates, reduce EMI, and enjoy better terms with FUNDIFFY.

Benefits of Home Loan Balance Transfer

Lower Interest Rates

Get interest rates starting from 7.50% p.a., potentially saving lakhs of rupees over your loan tenure

Reduced EMI

Lower interest rates mean reduced monthly EMIs, improving your monthly cash flow

Extended Tenure

Option to extend loan tenure to further reduce EMI burden

Top-up Loan

Get additional funds for home renovation or other needs

How Home Loan Balance Transfer Works

1

Check Eligibility

Verify your eligibility based on credit score, income, and existing loan details

2

Compare Offers

Compare offers from multiple lenders to find the best interest rates and terms

3

Apply Online

Fill the application form and submit required documents

4

Get Approval

Receive approval and complete the balance transfer process

Eligibility Criteria

Credit Score

750+ (Good to Excellent)

Loan Age

12+ months completed

Regular Payments

No defaults in last 12 months

Property Value

Should be sufficient as collateral

Apply for Home Loan Balance Transfer

Frequently Asked Questions

When should I consider a home loan balance transfer?

Consider balance transfer when you can get at least 0.5% lower interest rate, want better customer service, need a top-up loan, or want more flexible terms.

What are the charges for balance transfer?

Charges include processing fees (0.5-1% of loan amount), legal charges, valuation fees, and prepayment penalty from current lender (if applicable).

How long does the balance transfer process take?

The entire process typically takes 15-30 days, depending on document verification, property valuation, and current lender's response time.

Can I get a top-up loan during balance transfer?

Yes, many lenders offer top-up loans during balance transfer if your property value has increased and you meet the eligibility criteria.