InstaEMI Logo
Balance Transfer

Transfer Your Loan & Save Up to 4% Interest

Paying high interest on personal loans, app-based loans, or credit card dues? Transfer to a lower rate and save lakhs over your loan tenure.

10.5%
Starting Rate
₹2L+
Avg. Savings
48 Hrs
Quick Approval

What do you want to transfer?

Bank Personal Loan

Transfer your existing personal loan from another bank

Up to 4% lower interest

App-Based Loans

Transfer high-interest loans from fintech apps

Save up to 20% interest

Credit Card Balance

Convert credit card dues to low-interest EMIs

Save up to 30% vs card interest
Why Balance Transfer?

Benefits of Balance Transfer

Switch to a lower interest rate and enjoy these benefits

Lower Interest Rates

Get rates as low as 10.49% p.a. compared to 15-40% on existing loans

Reduced EMI

Pay lower monthly installments and save money every month

Total Interest Savings

Save lakhs over the loan tenure with better interest rates

Flexible Tenure

Extend or reduce tenure based on your repayment capacity

Top-Up Loan

Get additional funds along with balance transfer

Quick Processing

Get approval within 24-48 hours with minimal documentation

Savings Calculator

Calculate Your Savings

See how much you can save by transferring your loan to a lower interest rate

Enter Your Loan Details

Outstanding Loan Amount₹5 Lakh
₹50K₹30 Lakh
Current Interest Rate24% p.a.
10%48%
New Interest Rate (After BT)11% p.a.
9%20%
Remaining Tenure36 months
12 months84 months

Your Savings Summary

Current EMI
19,616
New EMI
16,369
Monthly Savings
3,247/ month
That's 16.6% less than your current EMI!
Total Savings Over Loan Tenure
1,16,892
View Balance Transfer Offers

Real Savings Examples

App-Based Loan
Loan Amount₹3 Lakh
Rate Change36%12%
EMI Savings2,254/mo
Total Savings81,144
Credit Card Balance
Loan Amount₹2 Lakh
Rate Change42%11%
EMI Savings1,904/mo
Total Savings45,696
Bank Personal Loan
Loan Amount₹5 Lakh
Rate Change18%10.5%
EMI Savings1,899/mo
Total Savings91,152
Simple Process

How Balance Transfer Works

Complete your balance transfer in 4 simple steps

1

Check Savings

Use our calculator to see how much you can save with balance transfer

2

Apply Online

Fill the simple form with your existing loan details

3

Get Approval

Receive instant approval with lower interest rate offer

4

Loan Takeover

New bank pays off old loan & issues you the new one

Eligibility

Balance Transfer Eligibility

Minimum Loan Paid
At least 12 EMIs paid on existing loan
Credit Score
700+ for best rates (650+ minimum)
Employment
Salaried or Self-employed
Repayment History
No defaults or bounces in last 12 months
Loan Outstanding
Minimum ₹50,000 outstanding
Documentation

Documents Required

Existing Loan Statement
Latest loan account statement from current lender
Sanction Letter
Original loan sanction letter
NOC Request
Request letter for NOC (we help with this)
Identity Proof
PAN Card and Aadhaar Card
Income Proof
Last 3 months salary slips / ITR
Bank Statement
6 months bank statement showing EMI deductions
Best Offers

Balance Transfer Offers

Compare and choose the best balance transfer offer from 1 banks

HDFC Bank

HDFC Bank

Bank

BT Available
Interest Rate10.5% - 21%
Max Loan Amount₹40 Lakh
Processing FeeUp to 2.5%
Tenure12 - 60 months
Apply for BT
FAQs

Frequently Asked Questions

A personal loan balance transfer allows you to move your existing loan from one lender to another offering a lower interest rate. This helps you save money on interest payments and reduce your EMI amount.

Ready to Save on Your Loan?

Transfer your existing loan and start saving from next month. No hassle, quick processing.