Balance Transfer
Transfer an existing eligible loan to a new lender.
Overview
Balance Transfer
- Suitable for
- Applicants with an existing eligible loan
- Purpose
- Consolidation or refinancing of an existing loan
Loan amount, tenure, interest rate and fees vary by lender and applicant profile. Verified terms are shared after your eligibility assessment.
Key Features
Built for a simpler borrowing experience.
Digital Application
Apply through a simple digital journey.
Multiple Lender Options
Explore available lending options through the platform.
Transparent Process
Clear application status and documentation requirements.
Dedicated Support
Support throughout the application journey.
Eligibility
Who may apply
- Existing loan meets the balance-transfer criteria of the new lender
- Regular repayment track record
- Valid applicant KYC and satisfactory credit profile
Final eligibility is determined by the lender based on applicant profile and internal policies.
Documents generally required
Keep these handy
- Existing loan statement / sanction letter
- Applicant KYC (PAN + Aadhaar)
- Income proof and bank statements
Additional documents may be requested during processing based on lender requirements.
How it works
Application journey
- 01
Check Eligibility
- 02
Submit Details
- 03
Verification
- 04
Lender Review
- 05
Offer & Documentation
- 06
Disbursal
Plan your EMI
Illustrative EMI calculator
EMI Calculator
Plan your loan
Illustrative calculation only. Actual rate, fees, tenure and repayment terms are subject to the lender's approval.
FAQ
Common questions
Answers to the questions applicants ask most often about balance transfer.
Ready to explore your options?
Start a digital application or track an existing one — whichever fits where you are today.