Lower Your EMIs with Balance Transfer Loans in Delhi | Apply with Loanpao
Overview of Balance Transfer Loan in Delhi
Balance Transfer Loans in Delhi allow you to transfer existing loans (home, personal, or vehicle) to a new lender offering lower interest rates or better terms. In 2025, banks and NBFCs in Delhi provide competitive balance transfer options, helping you reduce EMIs and save on interest. Loanpao simplifies the process by comparing lenders, checking eligibility, and facilitating seamless transfers in Delhi.
Eligibility Criteria for Balance Transfer Loan in Delhi
Criteria
Details
Age
21 to 65 years
Residency
Must be a resident of Delhi with valid address proof
Income
Minimum ₹20,000 per month (salaried) or ₹3 lakh p.a. (self-employed)
Credit Score
700 or above preferred
Loan Repayment History
Minimum 12 months of timely EMI payments on existing loan
Documents Required for Balance Transfer Loan in Delhi
Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport.
Address Proof: Utility bill, Aadhaar, or Rental Agreement (Delhi address).
Income Proof: Salary slips (3 months), ITR (2 years), or bank statements (6 months).
Compare popular balance transfer loan options available in Delhi:
Lender
Interest Rate
Loan Amount
Tenure
Processing Fee
HDFC Bank Home Loan BT
6.5% p.a.
Up to ₹5 crore
Up to 30 years
0.5% of loan amount
SBI Personal Loan BT
10% p.a.
Up to ₹20 lakh
Up to 6 years
1% of loan amount
ICICI Bank Home Loan BT
6.7% p.a.
Up to ₹4 crore
Up to 30 years
₹5,000 to ₹10,000
Frequently Asked Questions
Individuals aged 21 to 65 with a minimum income of ₹20,000/month (salaried) or ₹3 lakh p.a. (self-employed) and 12 months of timely EMI payments in Delhi can apply.
Interest rates start at 6.5% p.a. for home loans and 10% p.a. for personal loans, varying by lender.
Processing typically takes 3-7 days after document verification.
Yes, a credit score of 700 or above is preferred for better rates and approval.
The maximum tenure can extend up to 30 years for home loans or 6 years for personal loans, depending on the lender.
Yes, Loanpao offers an online application process with doorstep verification in Delhi.
Yes, processing fees range from 0.5% to 1% of the loan amount, and some lenders may charge prepayment penalties on the existing loan.
Yes, vehicle loans can be transferred, but eligibility depends on the lender and loan terms.
Yes, many lenders offer top-up loans with balance transfers, subject to eligibility.
The minimum loan balance is typically ₹5 lakh for home loans and ₹1 lakh for personal loans, varying by lender.