Balance Transfer
Transfer your existing loans and save on interest with better rates and flexible terms.
Key Features
Lower interest rates than existing loan
Reduced EMI burden
Extended loan tenure options
Top-up loan available
Simple transfer process
No foreclosure charges
Eligibility Criteria
- Existing loan running for at least 12 months
- Regular EMI payment history
- Good credit score (above 650)
- Adequate repayment capacity
Documents Required
- Existing loan account statement
- Current loan sanction letter
- Recent bank statements
- Identity and address proof
- Income proof documents
Benefits & Uses
- Save on interest payments
- Reduce monthly EMI amount
- Get additional funds as top-up
- Single EMI for multiple loans
- Better loan terms and conditions
Apply Now
Get instant approval for your balance transfer
Need Help?
+91 98765 43210
info@equivion.com
Compare Bank Offers
Choose the best offer from India's leading banks. Compare interest rates, eligibility, and documentation requirements.
Interest Rate
10.40% - 24.00% p.a.
HDFC Bank
Loan Amount
Based on existing loan amount
Tenure
Up to 60 months (extended tenure available)
Processing Fee
₹3,999 - ₹5,000 + GST
Eligibility Criteria
Min Income:₹50,000 per month (net take-home)
Age:21 years - 60 years
Employment:Existing loan must have been running for minimum period
Credit Score:700+
Other:Regular EMI payment track record required
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips (salaried)
KYC Documents: PAN Card, Aadhaar, Voter ID, Driving License
Loan Documents: Existing loan statement, sanction letter, property documents (if applicable)
Special Features
- Attractive rates for balance transfer
- Top-up loan facility available
- Extended repayment tenure options
- Minimal documentation process
- Quick approval and disbursal
- No hidden charges
Interest Rate
10.75% - 19.00% p.a.
ICICI Bank
Loan Amount
Based on existing outstanding
Tenure
12 - 72 months
Processing Fee
Currently NIL (limited period offer)
Eligibility Criteria
Age:21 years - 65 years
Employment:Minimum 12 EMIs paid on existing loan
Credit Score:700+ (salaried), 750+ (self-employed)
Other:At least 1 year relationship with ICICI Bank (running or closed in last 3 years)
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips
KYC Documents: PAN, Aadhaar, Passport, Voter ID
Loan Documents: Latest loan statement, outstanding balance letter, property documents (if applicable)
Special Features
- Zero processing fee currently
- Flexible repayment tenure 12-72 months
- Minimal documentation required
- Online application process
- Quick approval within 48 hours
- Top-up loan available
Interest Rate
8.50% - 12.00% p.a.
SBI
Loan Amount
Up to outstanding loan amount + top-up
Tenure
Up to remaining tenure or extended
Processing Fee
0.35% - 1% of loan amount + GST
Eligibility Criteria
Age:21 years - 65 years
Employment:Regular loan repayment history required
Credit Score:650+
Other:Existing loan minimum 12 months old
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips with Form 16
KYC Documents: PAN, Aadhaar, Voter ID
Loan Documents: Existing loan statement, sanction letter, foreclosure charges details
Special Features
- Competitive interest rates
- Balance transfer with top-up facility
- Extended loan tenure options
- No pre-payment charges
- Special rates for home loan BT
- Doorstep service available
Interest Rate
10.25% - 21.00% p.a.
Axis Bank
Loan Amount
Based on outstanding balance + top-up
Tenure
12 - 60 months (extended tenure available)
Processing Fee
NIL for balance transfer
Eligibility Criteria
Age:21 years - 60 years
Employment:Salaried or self-employed with regular income
Credit Score:700+
Other:Clean repayment track record on existing loan
Required Documents
ITR: Last 2 years ITR (self-employed)
Bank Statement: Last 6 months
Salary Slips: Last 3 months salary slips
KYC Documents: PAN Card, Aadhaar, Driving License
Loan Documents: Existing loan statement, sanction letter, outstanding certificate
Special Features
- Zero processing fee for balance transfer
- Lower interest rates compared to existing loan
- Longer loan tenure for reduced EMI
- Minimal documentation required
- Quick approval process
- Top-up loan facility available
Important Note
Interest rates and eligibility criteria are subject to change and may vary based on individual profile, credit score, and bank policies. The information provided is indicative and for comparison purposes only. Please verify current rates and terms directly with the respective banks before applying.