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Home Loan Balance Transfer in India 2026

Switch to a lower rate and save ₹3-10 Lakhs on your home loan. Compare transfer offers from top banks.

Updated: March 2026

Our Top Picks

Fastest Processing
#2 Pick
HDFC Bank
8.75 - 9.95% p.a.

Quick transfer processing in 7-10 days. Top-up loan available along with balance transfer. Digital documentation process.

  • Max tenure: 30 years
  • Processing fee: 0.50% of loan amount (max ₹10,000)
  • Max amount: ₹10 Crore
  • EMI for ₹50 Lakh: ₹44,186/mo
Check Savings →
Lowest Fees
#3 Pick
Bank of Baroda
8.40 - 10.65% p.a.

Competitive rates with minimal paperwork. Special rates for transferring from private banks. Low processing fee of 0.25%.

  • Max tenure: 30 years
  • Processing fee: 0.25% of loan amount + GST (max ₹25,000)
  • Max amount: ₹10 Crore
  • EMI for ₹50 Lakh: ₹43,075/mo
Check Savings →

All Home Loan Options — Full Comparison

EMI calculated for ₹50 Lakh at default tenure. Sorted by interest rate (lowest first).

Bank Interest Rate EMI (₹50 Lakh) Max Tenure Processing Fee
Union Bank 8.35 - 10.75% ₹42,918 30 yrs 0.50% of loan amount + GST (max ₹15,000) Check Savings →
Bank of Baroda 8.40 - 10.65% ₹43,075 30 yrs 0.25% of loan amount + GST (max ₹25,000) Check Savings →
Canara Bank 8.40 - 10.95% ₹43,075 30 yrs 0.50% of loan amount + GST (max ₹10,000) Check Savings →
Indian Bank 8.40 - 10.40% ₹43,075 30 yrs 0.23% of loan amount + GST (max ₹20,000) Check Savings →
IDBI Bank 8.40 - 12.25% ₹43,075 30 yrs 0.50% of loan amount + GST (max ₹20,000) Check Savings →
Bank of India 8.40 - 10.85% ₹43,075 30 yrs 0.25% of loan amount + GST Check Savings →
PNB 8.45 - 10.25% ₹43,233 30 yrs 0.35% of loan amount + GST (max ₹15,000) Check Savings →
Central Bank 8.45 - 10.50% ₹43,233 30 yrs 0.50% of loan amount + GST Check Savings →
SBI 8.50 - 9.85% ₹43,391 30 yrs 0.35% of loan amount + GST (min ₹2,000, max ₹10,000) Check Savings →
Bajaj Finserv 8.50 - 14.00% ₹43,391 30 yrs Up to 1.50% of loan amount + GST Check Savings →
LIC Housing 8.50 - 10.75% ₹43,391 30 yrs 0.25% of loan amount + GST (max ₹15,000) Check Savings →
L&T Finance 8.65 - 14.00% ₹43,867 25 yrs Up to 2% of loan amount + GST Check Savings →
Federal Bank 8.70 - 10.60% ₹44,026 30 yrs 0.50% of loan amount + GST (max ₹10,000) Check Savings →
South Indian Bank 8.70 - 11.20% ₹44,026 25 yrs 0.50% of loan amount + GST (max ₹10,000) Check Savings →
HDFC Bank 8.75 - 9.95% ₹44,186 30 yrs 0.50% of loan amount (max ₹10,000) Check Savings →
ICICI Bank 8.75 - 10.05% ₹44,186 30 yrs 0.50% of loan amount + GST (max ₹10,000) Check Savings →
Axis Bank 8.75 - 13.30% ₹44,186 30 yrs Up to 1% of loan amount Check Savings →
Kotak Mahindra Bank 8.75 - 9.65% ₹44,186 20 yrs 0.50% of loan amount + GST Check Savings →
IndusInd Bank 8.75 - 11.70% ₹44,186 25 yrs 0.50% of loan amount + GST Check Savings →
IDFC First Bank 8.75 - 10.50% ₹44,186 30 yrs Up to 3% of loan amount Check Savings →
Tata Capital 8.75 - 12.50% ₹44,186 25 yrs Up to 0.50% of loan amount + GST Check Savings →
HDFC Ltd 8.75 - 9.95% ₹44,186 30 yrs 0.50% of loan amount or ₹3,000 whichever is higher Check Savings →
Karur Vysya Bank 8.80 - 10.90% ₹44,345 25 yrs 0.50% of loan amount + GST Check Savings →
Yes Bank 9.00 - 11.25% ₹44,986 25 yrs Up to 1% of loan amount + GST Check Savings →
Bandhan Bank 9.16 - 14.00% ₹45,502 25 yrs Up to 1% of loan amount + GST Check Savings →
Mahindra Finance 9.50 - 15.00% ₹46,607 20 yrs 1% + GST Check Savings →
Muthoot Finance 10.00 - 14.00% ₹48,251 15 yrs 1% + GST Check Savings →
Piramal Finance 10.00 - 16.00% ₹48,251 20 yrs Up to 3% + GST Check Savings →
Manappuram Finance 10.50 - 15.00% ₹49,919 15 yrs 1.50% + GST Check Savings →

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Frequently Asked Questions

What is a home loan balance transfer?

Home loan balance transfer means moving your outstanding home loan from one bank to another that offers a lower interest rate. This can save you lakhs in interest over the remaining loan tenure.

How much can I save with a balance transfer?

Savings depend on the rate difference and outstanding amount. For example, transferring a ₹50 Lakh loan from 9.5% to 8.5% can save approximately ₹5-7 Lakhs in interest over 20 years.

When should I consider a home loan balance transfer?

Consider transferring when: (1) your current rate is 0.5%+ higher than available rates, (2) you have 10+ years remaining tenure, (3) your outstanding is ₹20 Lakh+. The savings should outweigh transfer costs.

What are the charges for home loan balance transfer?

Typical charges include: processing fee (0-1% of outstanding), legal/valuation charges (₹5,000-15,000), and possible foreclosure charge from your current bank (usually nil for floating rate loans).

How long does a home loan balance transfer take?

A typical balance transfer takes 15-30 days from application to disbursement. The process involves: application to new bank, property valuation, legal verification, NOC from old bank, and final disbursal.

Disclaimer: Interest rates and loan details shown on this page are sourced from official bank websites and are for reference only. Actual rates may vary based on your credit profile, income, loan amount, and bank's internal policies. We may earn a referral commission when you apply through links on this page, at no extra cost to you. This does not affect our rankings or recommendations. Last verified: March 2026.