Compare Personal Loan Balance Transfer Interest Rates



Bank
  • Interest Rates
  • Customer Rating
  • Processing Fees
  • Pre Closing Charges
  • Max amt Eligible
  • Loan Count
  • Minimum Salary
  • Maximum Amount
  • Part Payment
  • TopUp Eligible

  • To Apply
  • product image
    • 11.29 % - 14.49%
    • 5/5
    • 4999 - 1.25%
    • 0%-5%
    • No Limit
    • No Limit
    • 17.5 k
    • No Limit
    • NA Expect Infosys
    • Max loan amount 50L

    • Apply Now
  • product image
    • 11.00 % - 15.49%
    • 5/5
    • 1999 - 1.25%
    • 0%-4%
    • No Limit
    • No Limit
    • 20 k
    • 50L
    • Applicable For 10L
    • Yes with no Limit(Max loan amount 30,00,000)
    • Apply Now
  • product image
    • 11.99 % - 13.49%
    • 5/5
    • 5000 -0.99%
    • 0 %
    • No Limit
    • No Limit
    • 16 k
    • 30L
    • Available
    • Yes with no Limit(Max loan amount 30,00,000)
    • Apply Now
  • product image
    • 11.49% - 14.49%
    • 5/5
    • Rs 4999-1.25%
    • Available 0%-4%
    • No Limit
    • No Limit
    • 20K
    • 50L
    • Yes. Paying After 12 EMI
    • Yes with no Limit(Max loan)

    • Apply Now
  • product image
    • 11.49% - 14.49%
    • 5/5
    • 4999- 1.25%
    • Available 0%-4%
    • No Limit
    • No Limit
    • 25K
    • 50L
    • Yes Paying After 12 EMI
    • Yes with no Limit(Max loan 30,00,000)
    • Apply Now
  • product image
    • 11.49% - 14.49%
    • 5/5
    • 4999- 1.25%
    • Available 0%-4%
    • No Limit
    • No Limit
    • 25K
    • No Limit
    • Yes Paying After 12 EMI
    • Max loan amount 30,00,000

    • Apply Now
  • product image
    • 11.49% - 14.49%
    • 5/5
    • 4999- 1.25%
    • Available 0%-4%
    • No Limit
    • No Limit
    • 25K
    • No Limit
    • Yes Paying After 12 EMI
    • Max loan amount 30,00,000

    • Apply Now

Balance Transfer personal loanBalance Transfer Loan:

Transferring existing Personal loan from one financial institution to another financial institution is called personal loan balance transfer.

Transferring the current principal outstanding amount can be Bank to a bank, bank to NBFC, NBFC to a Bank, or NBFC to NBFC (Non-Banking Financial Corporation).

Balance Transfer personal loanDocuments Required for Balance Transfer Loan:

  • Passport Size Photo
  • Pan Card Copy
  • Current Address Proof
  • Experience Letter
  • Recent 3 month Pay slip.
  • Loan Statement or Loan Repayment Track or Loan Repayment schedule.
  • Recent 6 month Emi Debiting Bank Statement

Balance Transfer personal loan Advantages of personal loan Balance Transfer:

Less Interest Rate:

Personal Loan Balance Transfer can. Reduce the Rate of interest on your Existing personal loan.

for example if the running interest rate is 14% and already paid six-month EMI so you can transfer the personal loan to another bank for less interest rate up to 11.29%. However, it differs from bank to bank.

Get More Additional Offers on a Top-up Personal Loan

You can avail top-up Personal loan with Same interest rate on your Existing Loan with New Bank

Reduce Tenure

Balance transfer reduces tenure on the existing personal loan. for example, the Personal loan tenure of five years can be reduced as much as possible after transferring the personal loan from one bank to the other.

Balance Transfer Increase personal loan eligibility

Transfer of Personal Loan Can increase.your personal loan eligibility, for example, let assume, currently, you are running the personal loan of 10 lakhs for 5 years and you have already paid 4 years, approximately your principal amount will be 1 lakh and you have applied for one more personal loan. If you are facing any eligibility issues, you can increase the eligibility by doing the balance transfer.

Onvert Multiple Personal Loans into one Loan:

Combine all Personal Loans into single EMI by merging multiple personal loans into one by doing the personal loan balance transfer.

Before Availing Balance Transfer Loan5-Things to Consider Before Availing Personal Loan Balance Transfer:

Compare your current interest Rate With Balance transfer interest rate do not go if the ROI is Higher.

Consider to check preclosure charges on existing personal loan.

While doing Balance transfer Check BT Loan Charges.

Ask the bank about processing fee Charges

Reduce the tenure of your personal loan Balance Transfer.






benefits of balance transfer loan