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Best Balance Transfer Loans in India 2025

Lower your EMIs with LoanPao’s balance transfer loans from 7.0% p.a. and approvals in 48 hours.

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About Balance Transfer Loans in India 2025

A balance transfer loan allows you to shift your existing home, personal, or other loans to a new lender offering lower interest rates or better terms, reducing your EMI burden. In 2025, with RBI’s repo rate at 5.50%, LoanPao partners with 250+ trusted lenders to provide balance transfer loans starting at 7.0% p.a., with approvals in 48–72 hours and no prepayment penalties for floating-rate loans. Save up to ₹2 lakh annually on interest with our seamless digital process.

Key Features

  • Loan Amount: Transfer up to ₹5 crore, based on existing loan balance.
  • Interest Rates: Starting at 7.0% p.a. (fixed or floating).
  • Tenure: Up to 30 years for home loans; 7 years for personal loans.
  • No Prepayment Penalties: For floating-rate loans, per RBI guidelines.
  • Digital Process: Online application with e-KYC and instant pre-approvals.

LoanPao’s IRDAI-certified experts ensure transparency and compliance. Refinance your loan today!

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Balance Transfer Loan Interest Rates 2025

Compare rates from top lenders, starting at 7.0% p.a. Rates vary based on credit score, loan type, and balance.

Lender Interest Rate (p.a.) Processing Fee
Bank of India 7.0%–8.2% 0.25%–0.5%
HDFC Bank 7.5%–9.0% Up to 0.5%
ICICI Bank 7.8%–9.5% 0.5%–1%

Loan Comparison Tool

Our Loan Comparison Tool helps you compare rates, tenures, and fees from 250+ lenders in real-time. Enter your loan details to find the best balance transfer deal.

Compare Now

Why Choose LoanPao?

LoanPao offers tailored balance transfer loans with competitive rates, fast approvals, and 24/7 support. Our platform connects you to RBI-compliant lenders for a hassle-free experience.

Low Rates

From 7.0% p.a.

Fast Approvals

Within 48–72 hours.

Trusted Lenders

250+ banks and NBFCs.

Eligibility Criteria

Check if you qualify for a LoanPao balance transfer loan:

  • Age: 21–65 years
  • Income: ₹25,000+/month (salaried) or ₹3 lakh p.a. (self-employed)
  • Credit Score: 700+ for better rates
  • Existing Loan: At least 6 months repaid, no defaults
  • Tip: Co-applicants improve eligibility.
Check Eligibility

Application Process

Transfer your loan in 5 easy steps:

  1. Apply online on LoanPao’s platform.
  2. Submit ID, income, and existing loan details.
  3. Get pre-approved offers from lenders.
  4. Complete verification (legal and technical).
  5. Receive funds to settle your old loan.
Apply Now

EMI Calculator

Use our EMI Calculator to estimate savings on monthly payments after transferring your loan.

Calculate EMI

Market Insights

RBI’s repo rate cut to 5.50% in 2025 has lowered floating rates, making balance transfers more attractive. Save up to 2% on interest by refinancing now. Read more in our blog.

Testimonials

“LoanPao reduced my home loan rate from 9.5% to 7.2% in just 3 days!”

Vikram Singh, Delhi

“The comparison tool saved me ₹1.5 lakh in interest. Amazing service!”

Priya Sharma, Mumbai

Frequently Asked Questions

A balance transfer loan moves your existing loan to a new lender with lower rates or better terms.

Rates start at 7.0% p.a., depending on credit score and lender.

No penalties for floating-rate loans, per RBI guidelines.

Aadhaar, PAN, existing loan statements, income proof, and property documents.

Approvals within 48–72 hours with LoanPao’s digital process.