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Transfer your existing high-interest personal loan to a better lender and save thousands in interest over the remaining tenures.
A Personal Loan Balance Transfer means moving your existing personal loan from your current lender to a new lender offering a lower interest rate or better terms. This helps reduce your monthly EMI and the total interest you pay.
KreditSeva compares offers from 25+ lenders and helps you find the best balance transfer deal — saving you thousands over the remaining loan tenure, completely free of charge.
Switch to a lender offering a significantly lower rate.
Pay less every month and free up cash flow.
Save thousands over the remaining loan tenure.
Get better tenure options that suit your finances.
A personal loan balance transfer can significantly reduce your financial burden — here's how it helps.
Secure a lower rate than your existing loan and reduce your monthly EMI burden significantly.
Get tenure options that better match your financial situation and make EMI payments easier to manage.
Access better terms — lower processing charges, reduced prepayment fees, and fewer hidden costs.
Combine multiple debts into a single loan with one manageable EMI and a simplified repayment plan.
Save thousands over the remaining loan tenure by switching to a lower interest rate lender.
KreditSeva's team handles everything — from comparing lenders to completing the transfer process.
Our experts guide you through the entire process — from comparing lenders to final transfer.
Review your eligibility based on income, repayment history, and credit profile.
Provide required documents digitally — no branch visits needed.
New lender settles the outstanding balance with your current lender.
Start paying reduced EMIs to the new lender with better terms.
Free service · No hidden charges · 25+ lenders
See how much you can save every month by transferring your loan to a lower interest rate.
Indicative values only. Actual savings may vary based on lender terms and your credit profile.
Instant score check, zero impact on your credit — unlock pre-approved offers from 25+ lenders.
Check My Credit ScoreCompare starting rates, max loan amounts, and processing fees to find the best balance transfer option.
| Bank | Starting ROI (p.a.) | Max Loan Amount | Processing Fee | Suitable For |
|---|---|---|---|---|
| HDFC Bank | 9.98%* | ₹40 Lakhs | Up to ₹6,500 + GST | Personal Loan BT, Credit Card BT, Debt Consolidation |
| ICICI Bank | 10.80%* | ₹50 Lakhs | Up to 2% + GST | High-income salaried customers |
| IDFC FIRST Bank | 9.98%* | ₹35 Lakhs | 0%–3.5% + GST | Loan & Credit Card Consolidation |
| IndusInd Bank | 10.49%* | ₹50 Lakhs | Up to 3.5% + GST | Large-ticket balance transfer |
| Axis Finance | 11.00%* | ₹30 Lakhs | Up to 2% + GST | Existing salary account customers |
| Bajaj Finance | 10.00%* | ₹55 Lakhs | Up to 3.93% + GST | Large debt consolidation cases |
| Tata Capital | 10.99%* | ₹35 Lakhs | Up to 5.5% + GST | Salaried & self-employed |
| Aditya Birla Finance | 10.99%* | ₹50 Lakhs | Up to 4% + GST | High-value takeover cases |
| Piramal Finance | 12.14%* | ₹25 Lakhs | Up to 5% + GST | Medium-risk profiles |
| L&T Finance | 12.00%* | ₹50 Lakhs | Up to 4% + GST | Business & self-employed customers |
Requirements to qualify for balance transfer
Documents to process your transfer
We compare balance transfer offers from top banks & NBFCs and get you the lowest rate — in seconds, for free.
A lower interest rate from balance transfer can reduce your monthly EMI and save thousands over remaining tenure.
Your personal RM handles the entire transfer process — from NOC to new lender onboarding — so you don't have to.
We show you the full cost of transfer upfront — processing fee, foreclosure charges — no surprises after you switch.
Upload documents online — no branch visits, no physical forms, complete balance transfer from your phone.
Get additional funds on top of your transferred balance — ideal when you need extra money along with a lower rate.
Everything about Personal Loan Balance Transfer. Still have questions?
Talk to Our ExpertA personal loan balance transfer means moving your existing personal loan to a new lender offering lower interest rates or better repayment terms. This reduces your monthly EMI and the total interest paid over the loan tenure.
Consider a balance transfer when you find a lender offering a significantly lower interest rate, when your credit score has improved since your original loan, or when you need more flexible repayment terms.
The new lender may charge a processing fee (typically 0.5–2%). Your current lender may also charge a foreclosure fee (usually 2–5% of outstanding amount). KreditSeva's assistance is always free.
Depending on the rate difference and remaining tenure, borrowers can typically save 15–30% on their monthly EMI. Our experts calculate your exact savings before you decide to transfer.
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