Compare Home Loan Balance Transfer Rates for Top Banks & HFCs
| Name of Lender | Interest Rates (p.a.) | ||
| Up to Rs 30 Lakh | Above Rs 30 Lakh & Up to Rs 75 Lakh | Above Rs 75 Lakh | |
| Union Bank of India | 8.35%-10.75% | 8.35%-10.90% | 8.35%-10.90% |
| Bank of Baroda | 8.40%-10.65% | 8.40%-10.65% | 8.40%-10.90% |
| LIC Housing Finance | 8.50%-10.35% | 8.50%-10.55% | 8.50%-10.75% |
| Kotak Mahindra Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| State Bank of India | 8.50% onwards | 8.50% onwards | 8.50% onwards |
| HDFC Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| ICICI Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| IDFC First Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
| Federal Bank | 8.80% onwards | 8.80% onwards | 8.80% onwards |
Note: Interest rates as of 19 November 2024
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Union Bank of India
Union Bank of India offers Home Loan Balance Transfer facility at 8.35% p.a. for loan amounts of up to 90% of the property cost and for tenures of up to 30 years. Union Bank also enables balance transfer customers to avail a top-up loan to help them meet their additional fund requirements.
Bank of Baroda
Baroda Home Loan Takeover Scheme is a home loan balance transfer facility available to both resident and non-resident Indians. Its interest rates start from 8.40% p.a. In addition to availing Baroda Home Loan Takeover Scheme, home loan borrowers can also avail top up loans and overdraft facilities. The loan also comes with other attractive features and benefits including free accidental insurance, free credit card and life insurance (optional).
Also Check: Home Loan Eligibility Calculator
Transfer your Home Loan at Lower Interest Rates Click Here
LIC Housing Finance
LIC Housing Finance offers home loan balance transfer facility starting at 8.50% p.a. for loan amounts of up to 90% of property cost and for loan tenures of up to 30 years. LIC Home Loan Balance Transfer facility can be availed by all existing borrowers who have availed home loans for house construction, flat/house purchase from private developer or housing boards or for carrying out repairs/renovation to the existing residential properties. Those eligible for LIC Home Loan Balance Transfer can also avail top up loans to meet various personal or business related financial requirements.
Kotak Mahindra Bank
Kotak Mahindra Home Loan Balance Transfer facility is offered at 8.75% p.a. for loan amounts of up to 80% of the property cost. Kotak Mahindra Bank also enables you to avail a top-up loan on your transferred home loan.
Reduce your Home Loan EMI with Home Loan Balance Transfer Click Here
SBI
The State Bank of India (SBI) offers home loan balance transfer facility starting at 8.50% p.a. for loan amounts of up to 90% of property value and for tenures of up to 30 years. One can also opt for SBI Maxgain, a home loan overdraft facility, through SBI Home Loan Balance Transfer. Existing female home loan borrowers opting for SBI Home Loan Balance Transfer are eligible for interest concession of 0.05%.
HDFC Bank
HDFC Bank offers Home Loan Balance Transfer (HLBT) at 8.75% p.a. onwards for loan amounts of up to 90% of the property cost and for tenures of up to 30 years. Customers eligible for HDFC Home Loan Balance Transfer can also avail a top up loan of up to Rs 50 lakh for meeting various personal or business related purposes. Existing plot loan customers can also transfer to HDFC Plot Loan starting at 8.75% p.a.
Transfer your Home Loan at Lower Rates Click Here
ICICI Bank
ICICI Bank offers Home Loan Balance Transfer facility at 8.75% p.a. onwards for tenures of up to 20 years. Consumers opting for ICICI Home Loan Balance Transfer also get the provision to avail top up facility to meet any additional professional or personal financial requirements.
IDFC First Bank
IDFC First Bank offers Home Loan Balance Transfer facility at 8.85% p.a. for loan amounts of up to Rs 2 crore and for tenures of up to 30 years. IDFC First Bank also offers its balance transfer customers the top up loan facility of up to 100% at the same rate as the balance transfer. Other features and benefits that come with IDFC First Home Loan Balance Transfer includes legal report waiver if the balance transfer is from leading banks and HFCs and an additional top up loan facility based on the borrowers’ repayment track record.
Also Read: Home Loan Benefits for Women in India
Transfer your Home Loan at Lower Interest Rates Click Here
Federal Bank
Federal Bank offers home loan balance transfer facility starting at 8.80% p.a. for loan amounts of up to 85% of the project cost and tenures of up to 30 years. Consumers transferring their existing home loan to Federal Bank can also avail home loan overdraft facility. The bank also offers optional funding for life insurance.
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