Refinance Home Loan @8.20%* Lower EMIs,

Higher Savings!!

Paying your Home Loan EMIs regularly? Time for a reward. Transfer your outstanding Home Loan to a new bank & lock the lowest housing loan interest rate @ 8.20% p.a. New EMI starts at Rs 849 per lakh. Check eligibility & get instant approval for this attractive offer.

Let’s find the best

HLBT for you.

Currently the best Home loan balance transfer interest rate starts 8.20% p.a. While refinancing outstanding housing loan balance you can also avail add-on benefits like home loan top-up, lower EMIs & extended tenure. Check eligibility for instant approval on Home Loan Balance Transfer.

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Arrow Financial

Home Loan Balance Transfer

  • Vast bouguet of Home loan offers
  • Track application status online
  • Int Rates : 9.5% - 16.45%
  • Loan Amt : ₹20,00,000.00
  • Max Tenure : 20
  • Lowest Emi : ₹932.00

Up to 90% of the propery cost

Learn More About Home Loans Balance Transfer

  • Home Loan Balance Transfer

    Home Loan Balance Transfer (HLBT) is refinancing or switching of your existing Home Loan to a new lender. Using HLBT facility you can transfer Home Loan Balance to the new lender and avail of benefits such as lower Home Loan interest rate, affordable or readjusted EMIs, increase/decrease loan tenure and/or top up to 100% of Home Loan. Most lenders readily approve the balance transfer applications at lower rates because it is profitable and low risky to welcome customers already having a good repayment history. In the last one year maximum Home Loan Balance Transfer requests are made due to historic corrections in Home Loan Interest rates. The Home Loans (linked to repo rates) are available at lowest of 8.20% interest rate for 30 years. It is best to opt for Home Loan Transfer in the initial years, when your interest liability is high.

    • You can contact us by mail or call
    • Our Manager will take your profile details on call.
    • We will send you our cheetlist for required documents.
    • Our manager meets you to collect the documents and sign the application form.
    • We will discuss your loan proposal and decide the lender bank as per your requirement.
    • File will login to Bank
    • Valuation unsecure legal done
    • Bank officials will meet you or call
    • Sanction of Loan
    • Disbursment of Loan

  • The eligibility criteria for the Home Loan Balance Transfer are similar to that of a home loan. The factors for eligibility can be listed as:

    • Existing Loan: The applicant should be serving a Home Loan from RBI registered bank/ NBFC. The lender will also assess payment history of EMIs.
    • Age: Applicants for HLBT should be between 21 to 60 years of age. The criteria may slightly vary for self employed individuals with age relaxation up till 65-70 years.
    • Occupation: Salaried, self-employed, professionals as well as business owners can apply.
    • Co-applicants: Up to 3 co-applicants can be added.
    • Income: The minimum income should be Rs 15000. However the criteria will vary across the lenders.
    • Experience: Even for HLBT, your business/ job continuity will matter. Experience of at least 2-3 years with the present employer and business vintage of 3 years with 2 years of profit-making period are considered.
    • Credit Score: The credit score should be above 650. In case the CIBIL Score has declined from score assessed previously at the time of availing of existing Home Loan & is not as per lender’s credit policy, the balance transfer request can be rejected.
    • Debt to income ratio: of 40% to 50% should be complied with.
    • LTV: Up to 90% of property value and as per lender’s credit policy.

  • Opt for balance transfer in following situations:

    • When interest rates are falling & you are eligible to get lower rate by switching your Home Loan Scheme. Eg. from MCLR to repo linked Home Loan.
    • When you have a financial crunch, and/or you want to avail of a Top Up and/ or want to adjust EMIs or Tenor as per your current cash flows.
    • When you are looking for some specific features which your present lender is not offering. However in any case, do not forget to compare Home Loan Balance Transfer offers from different lenders. Compare Home Loan Interest Rates and attached fees such as processing fees, foreclosure charges, penal charges etc. You can easily compare the loans online on our website. Online Home Loan Balance Transfer process is fast, reliable and hassle free.