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Home Loan Balance Transfer

Move your home loan to another lender.

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About Balance Transfer

Move your outstanding home loan to another lender, usually to get better terms. Compare the total saving against transfer costs.

A home loan helps you buy a ready or under-construction home, purchase a plot, build on land you own, or refinance an existing loan.

Lenders finance a share of the property’s value, within limits set by RBI, and you pay the rest as a down payment. Tenures can be long, which keeps EMIs manageable.

Estimate your EMI

Home Loan EMI

₹50,00,000
₹5 Lakh ₹5 Crore
8.5%
5% 20%
20 years
1 year 30 years

Your estimated EMI

₹43,391/month

  • Principal 48%
  • Interest 52%
Principal amount
₹50,00,000
Total interest
₹54,13,942
Total repayment
₹1,04,13,942
Assumed processing fee
₹25,000
Total cost incl. fee
₹1,04,38,942
Compare tenures
TenureEMITotal interest
15 years₹49,237₹38,62,652
18 years₹45,273₹47,78,903
20 years₹43,391₹54,13,942
22 years₹41,920₹60,67,117
25 years₹40,261₹70,78,666
Repayment schedule by year
YearPrincipalInterestBalance
Year 1₹99,509₹4,21,183₹49,00,491
Year 2₹1,08,305₹4,12,387₹47,92,185
Year 3₹1,17,878₹4,02,814₹46,74,307
Year 4₹1,28,298₹3,92,394₹45,46,009
Year 5₹1,39,638₹3,81,054₹44,06,371
Year 6₹1,51,981₹3,68,711₹42,54,390
Year 7₹1,65,415₹3,55,277₹40,88,976
Year 8₹1,80,036₹3,40,656₹39,08,940
Year 9₹1,95,949₹3,24,743₹37,12,991
Year 10₹2,13,269₹3,07,423₹34,99,722
Year 11₹2,32,120₹2,88,572₹32,67,601
Year 12₹2,52,638₹2,68,054₹30,14,963
Year 13₹2,74,969₹2,45,723₹27,39,995
Year 14₹2,99,273₹2,21,419₹24,40,722
Year 15₹3,25,726₹1,94,966₹21,14,995
Year 16₹3,54,518₹1,66,174₹17,60,478
Year 17₹3,85,854₹1,34,838₹13,74,624
Year 18₹4,19,960₹1,00,732₹9,54,664
Year 19₹4,57,080₹63,612₹4,97,584
Year 20₹4,97,584₹23,210₹0
  • Includes an assumed processing fee. Taxes on fees are extra.
  • The final instalment is adjusted for rounding.
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This is an estimate for illustration only. It is not a loan offer. Actual terms, rates and eligibility are decided by the lender.

What providers usually look at

  • Stable income: salaried or self-employed
  • Good credit score
  • Down payment funds available
  • Property with clear title and approved plans
  • Age and tenure within the lender’s limits

Every provider sets its own criteria. Meeting these does not guarantee approval.

Documents commonly requested

  • PAN, Aadhaar and address proof
  • Income proof: salary slips and Form 16, or ITRs and financials if self-employed
  • Bank statements for six to twelve months
  • Property documents: sale agreement, title chain, approved plan
  • Builder documents for under-construction property

Have these ready to speed things up. Your provider may ask for more.

How Fundslelo helps

  1. 1

    Share your need

    Answer a few questions about what you need.

  2. 2

    Get a reference number

    Track your request any time.

  3. 3

    Review options with us

    We explain which providers may suit you.

  4. 4

    Apply with the provider

    The provider assesses and decides.

Ready to explore Balance Transfer?

It takes a few minutes. We aim to respond within 12–24 business hours.

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