Home Loan Balance Transfer (HLBT) refers to refinancing your existing home loan by transferring the outstanding balance from your current lender to a new bank or NBFC offering better terms.
By opting for a Home Loan Balance Transfer through RUPIZ, you can benefit from lower interest rates, reduced EMIs, longer loan tenure, or even a top-up loan based on eligibility.
Since borrowers with a good repayment track record are considered low-risk, lenders often approve balance transfer requests at competitive interest rates. Currently, floating-rate home loans linked to repo rates start from around 7.15% p.a. for tenures up to 30 years.
Here’s how the Home Loan Balance Transfer process works:
Transferring your home loan to a new lender requires careful evaluation. Below is a step-by-step guide to help you understand the process:
RUPIZ works as an authorised channel partner with leading banks and NBFCs across India. We help you compare lenders, calculate savings, manage documentation, and ensure a smooth and transparent balance transfer process.
With expert guidance and end-to-end support, RUPIZ helps you reduce interest burden and optimise your home loan efficiently.
Home Loan Balance Transfer (HLBT) works like a fresh home loan where your outstanding loan balance is transferred from your current lender to a new bank, HFC or NBFC offering better terms.
With RUPIZ, we assist you in obtaining the NOC from your existing lender, coordinating documentation, and ensuring smooth transfer of loan and property papers to the new lender. Your revised EMIs and interest rates apply as per the new agreement.
A balance transfer is beneficial when another lender offers a significantly lower interest rate—ideally a difference of 0.60% to 1.00% or more.
It is also a smart option if your credit score has improved, you want better EMI flexibility, longer tenure, or enhanced post-disbursal facilities. Rupiz helps you calculate savings before making the switch.
The best lender depends on multiple factors such as interest rate, processing fees, foreclosure charges, and customer service.
Leading banks, HFC and NBFCs offering competitive HLBT options include SBI, HDFC, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Tata Capital, Bajaj Finserv, and HDFC Housing Finance.
RUPIZ helps you compare all options and choose the most suitable lender.
No, a guarantor is generally not required for a home loan balance transfer. The property itself acts as collateral for the loan.
There is no fixed maximum limit for a balance transfer. The approved amount depends on lender credit policy, income, repayment history, credit score, and Loan-to-Value (LTV) ratio.
The balance transfer process usually takes 1 to 2 weeks. Since it involves coordination between two lenders, timelines may vary.
With Rupiz, the process is faster and smoother due to expert coordination and complete documentation support.
Yes, you can apply for PMAY subsidy during a balance transfer, provided you have not already availed the subsidy earlier.
PMAY benefits can be claimed only once in a lifetime, subject to eligibility conditions.
Basic documents required for HLBT include:
To be an effective partner, we need to know you and your goals.
