Wants to Reduce your EMI or Reschedule Your Home Loan?

Find the lowest Home Loan Balance Transfer options with Maximum Saving calculation

Our comparison helps you save lots of money and our expert advice will keep your loan at the lowest rates always.

Latest Home Loan Balance Transfer Offers

( Interest Rates subject to bank approval )
Rate updated on 27.05.2020

BankProductInterest RateFees & DetailsSelect
Home Loan6.85% with Insurance
6.90% without Insurance
( Cibil score must be above 726)

Lowest Rate
Processing fee
Balance Transfer - Rs. 8500/- + GST
Stamp Papers for disbursement - As actual

sbi_bank_200pxHome LoanUpto 30 Lakh - 7.35%
Upto 75 Lakh - 7.60%
above 75 Lakh -7.70%
Procesing Fees
Fee for Balance Transfer - NILL

sbi_bank_200pxSBI - MaxGainUpto 30 Lakh - 7.70%
Upto 75 Lakh - 7.95%
above 75 Lakh -8.05%
Procesing Fees
Balance Transfer - NILL

Home Loan6.85% with Insurance
6.90% without Insurance
( Cibil score must be above 726)

Lowest Rate
Fees for new Home Loan
Balance Transfer - Rs.8500/-

Home Loan Interest SaverUpto 75 Lakh
6.85% with Insurance
6.90% without Insurance
Above 75 Lakh
7.10% with Insurance
7.15% without Insurance
( Cibil score must be above 726)
Processing Fees
Balance Transfer - Rs.8500/- + GST

axis-bankHome Loan BT offer Upto 30 Lakh
Home Loan BT @ 7.45%
Top Up upto 30% @ 7.45%
Top up above 30% @ 9.25%
Loan Amount 30 Lakh - 300 Lakh
-Cibil Score > 780 = 7.45%
-Cibil Score < 780 = 7.75%
Procesing Fees
- 0.25% of Loan Amount
Minimum Rs. 10000/-
Best for Self Employed / HNI

hdfc_homeloans_logoHome Loan -SalariedCibil Score > 780
Home Loan upto 30 Lakh : 7.00%
Home Loan upto 75 Lakh : 7.20%
Home Loan above 75 lakh : 7.35%
Cibil score :700-799
Home Loan upto 30 Lakh : 7.20%
Home Loan upto 75 Lakh : 7.35%
Home Loan above 75 Lakh : 7.45%
Cibil score :650-699
Home Loan upto 30 Lakh : 7.35%
Home Loan upto 75 Lakh : 7.50%
Home Loan above 75 Lakh : 7.60%
Cibil score : < 650
Home Loan upto 30 Lakh : 7.40%
Home Loan upto 75 Lakh : 7.55%
Home Loan above 75 Lakh : 7.65%
Procesing Fees
Rs.10000 + Legal fee
0.05% discount for women

hdfc_homeloans_logoHome Loan -Self EmployeedCibil Score > 780
Home Loan upto 30 Lakh : 7.15%
Home Loan upto 75 Lakh : 7.40%
Home Loan above 75 lakh : 7.50%
Cibil score :700-799
Home Loan upto 30 Lakh : 7.35%
Home Loan upto 75 Lakh : 7.50%
Home Loan above 75 Lakh : 7.60%
Cibil score :650-699
Home Loan upto 30 Lakh : 7.50%
Home Loan upto 75 Lakh : 7.65%
Home Loan above 75 Lakh : 7.75%
Cibil score : < 650
Home Loan upto 30 Lakh : 7.55%
Home Loan upto 75 Lakh : 7.70%
Home Loan above 75 Lakh : 7.80%
Procesing Fees
0.50% of loan amount + Legal fee
0.05% discount for women.

icici-bankHome Loan BT OfferSalaried - 7.10%
Self Employeed - 7.25%
Procesing Fees
Rs. 3000/- + Admin fee
Loan Amount - Loan to Value
Upto 35 Lakh - 80%
from 35 - 75 Lakh - 70%
above 75 Lakh - 65%

Others

-Repayment from ICICI a/c only
Cibil Score > 750

How much difference does a higher or lower interest rate make?

When you take a home loan to buy your dream home, banks offer home loans at the prevailing rate of interest which is linked to Base rate/ MCLR /PLR or Repo Rate.

Banks offer new home loan rates to attract new customers or existing customers of other banks.  As a home loan customer, you need to keep a tight vigil on home loan interest rates. Whenever you see that another bank is offering better rates that can help you reduce your EMI or save interest, you should shift your home loan to that bank and this is the best practice to save and reduce the home loan interest apart from part payment of housing loan.

Do you know how much can you save if interest rates get reduced by 0.50%?

Example :                                 Existing Bank          Bank   A                Bank B

Loan Amount                          50,00,000/-           50,00,000/-        50,00,000/-

Rate of Interest                               8.25%                    7.75%                    6.85%

Term                                          240 months           240 months          240 months

EMI                                              42,603.30               41047.40               38316.00

Saving                                               ——                    3,73,416 /-          10,28,952/-

Even a slight change in interest rates can make thousands of Rupees of difference over the entire term of a home loan.

Tell us about your Existing Home Loan

Simply fill in the form below
to get maximum emi saving options

( Home Loan Interest rates start at 6.85%* p.a. )
Latest bank rate updated: 27th May 2020

What are the benefits of Home Loan refinancing?

While refinancing is usually a very  simple process, it is admittedly going to take a bit of work on your part. So before you decide to jump in with both feet, it’s good to weigh up the benefits you’re likely to see.

What are the benefits of refinancing? Well, that depends on your situation. But the benefits can be pretty significant.

  1. You can save some serious money.
  2. You can repay your loan faster
  3. You can avail additional money as top up
  4. You can consolidate other loans
  5. You can change to new product

When shouldn’t you refinance?

  1. When you are on fixed rate of interest
  2. If there is a loan closure fee  and early termination fees
  3. High interest rate of new loan
  4. If New home loan doesn’t have the features you need

Six common refinancing mistakes to avoid

Mistake #1: Not comparing lowest rate

If you are considering for refinancing, you’ve likely been attracted by a low advertised rate, but before applying for any such rates, you must explore the current offerings of all the banks.  You might get a better deal than the advertised rates.

Mistake #2: Waiting too long to refinance

When rates are dropping and you’ve worked out that you can reduce you rate of interest by refinancing, time can be of the essence. Delaying on refinancing your home loan could see you miss out on some great offers. In a market where rates are dropping, it’s certainly tempting to wait and see if they fall a bit further before you make a move. But waiting for the bottom of the market is a risky proposition.

Mistake #3: Adding years to your home loan

When you refinance your home loan, it’s likely you’ll have the option to increade your term to original home loan term. Be very wary of doing this. If you’ve been paying your home loan emi for a few years, refinancing to a increase term means you’ll increase the loan term, and you’ll end up paying more in interest.

Mistake #4: Refinancing when your home has fallen in value

Most of the time when you refinance, you’ll find that your home has risen in value. This means you will have built up equity, and your loan-to-value ratio (LVR) will be lower than when you took out your initial home loan. This is a good position to be in.

Mistake #5: Being wooed by “honeymoon” rates

many NBFCs often offer rock-bottom rates as a temporary incentive to attract home loan borrowers. They may reduce 15 or 20 basis points off their standard floating rate for a one or two-year period, after which the loan will increase to their standard variable rate.

t button to change this text.