Personal Loan Balance Transfer Overview

LoanPao’s Personal Loan Balance Transfer in India 2025 helps you move your existing personal loan to a new lender with lower interest rates starting at 10.5% p.a. and extended tenures up to 7 years. Reduce your EMI burden and save on interest through our network of 500+ RBI-compliant lenders. Ideal for salaried and self-employed individuals with a good repayment history. The process is completed within 3–7 days via e-KYC. Explore related options like Personal Loan or Payday Loan for additional funding needs.

Apply below or use our EMI Calculator to estimate savings. Contact us at +91-971-769-5334 for assistance.

Benefits of Personal Loan Balance Transfer

Lower Interest Rates

Reduce rates to as low as 10.5% p.a.

Reduced EMIs

Extend tenures up to 7 years for lower monthly payments.

Online Process

Seamless e-KYC and quick approval.

Trusted Lenders

500+ RBI-compliant partners.

Fast Processing

Complete transfer in 3–7 days.

Top-Up Loan

Option for additional funds during transfer.

Eligibility Criteria

Criteria Details
Age 21–60 years
Occupation Salaried or self-employed
Minimum Income ₹25,000/month (salaried); ₹3 lakh p.a. (self-employed)
CIBIL Score 700+ preferred
Existing Loan Active personal loan with 6+ EMIs paid
Nationality Indian resident

Check your eligibility with our CIBIL login tool or contact info@loanpao.in.

Documents Required

  • Aadhaar Card
  • PAN Card
  • Loan Statement (from current lender)
  • Salary Slips (last 3 months, for salaried)
  • Bank Statements (last 6 months)
  • Income Tax Returns (last 2 years, for self-employed)
  • Address Proof (if different from Aadhaar)

How to Transfer Your Personal Loan

Transfer your loan with LoanPao in 4 simple steps:

  1. Fill the form below with personal and loan details.
  2. Upload KYC and financial documents via e-KYC.
  3. Get approval from a new lender within 1–3 days.
  4. Complete transfer and start repaying at lower rates within 3–7 days.

Start your transfer or call +91-971-769-5334 for support.

Compare Balance Transfer Offers

Lender Interest Rate (p.a.) Tenure Processing Fee Top-Up Loan
Bank A 10.5%–14% 1–7 years 0.5–2% Available
NBFC B 12%–16% 1–5 years 1–3% Available
Fintech Lender C 11%–15% 1–6 years 1–2% Not Available

Note: Rates and terms are indicative as of July 2025. Contact LoanPao for updated offers.

Types of Personal Loan Balance Transfers

  • Standard Balance Transfer: Move your loan to a lower interest rate lender.
  • Top-Up Balance Transfer: Transfer with additional loan amount for other needs.
  • Tenure Extension Transfer: Extend repayment period to reduce EMIs.
  • Digital Balance Transfer: Fully online process with fintech lenders.
  • Consolidation Transfer: Combine multiple loans into one for easier management.

Why Choose LoanPao for Balance Transfer?

Wide Lender Network

Compare offers from 500+ RBI-compliant lenders.

Fast Processing

Complete transfer in 3–7 days.

24/7 Support

Contact us at +91-971-769-5334.

Tips for a Successful Balance Transfer

  • Maintain a CIBIL score of 700+ for better rates.
  • Compare processing fees and foreclosure charges.
  • Ensure at least 6 EMIs are paid on your existing loan.
  • Use our EMI Calculator to estimate savings.
  • Contact LoanPao for personalized lender recommendations.

Frequently Asked Questions

A Personal Loan Balance Transfer moves your existing loan to a new lender with lower interest rates or better terms to reduce EMIs.

Salaried or self-employed individuals aged 21–60 with a CIBIL score of 700+ and an existing personal loan.

Lower interest rates from 10.5% p.a., reduced EMIs, and extended repayment tenures.

Aadhaar, PAN, loan statement, salary slips, and bank statements are typically required.

LoanPao ensures transfer completion within 3–7 days.