Name: Home Loan Balance Transfer
Brand: L&T Finance
Rating: 5 (10 reviews)

Take advantage of a Home Loan Balance Transfer with interest rates starting from 8.65%* p.a. Move your existing loan, ranging from ₹ 20 Lakh* to ₹ 10 Crore*, to secure better terms and lower EMIs. Also, benefit from a top up option that allows you to borrow additional funds over your current loan amount, giving you more financial freedom and flexibility.

Features & Benefits
EMI Calculator
Documentation & Eligibility
Fees & Charges
Frequently Asked Questions

Competitive Interest Rate

Transfer your Home Loan to an interest rate as low as 8.65%* p.a.

Instant Digital Sanction

Check your Balance Transfer eligibility within 5 minutes*

Top up Facility

Add extra funds with the top up loan facility beyond your original loan

Debt Consolidation

Combine debts with Balance Transfer for easy payments and lower rates

Flexible EMI Tenure

Extend your loan tenure to decrease payable EMI as per affordability

Dedicated Relationship Manager

Enjoy personalised financial advice with a dedicated RM

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹20,00,000

₹10,00,00,000

Interest rate (per annum)

13%

Loan tenure (months)

36 months

360 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents

Eligibility

Residency:

Indian resident or NRI

Age:

Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years

Profession:

Salaried / self-employed professionals and non-professionals

Other:

Can be increased by adding co-applicant income or other verifiable income sources

Documents

Age Proof

Aadhaar Card | PAN Card | Passport

Address Proof

Utility bills (not older than 2 months | Aadhaar Card | Driving License | Passport | Voter ID etc

Photo ID Proof

Others

Eligibility can be increased by adding co-applicant income or other verifiable income sources

List of Additional documents related to your existing loan

Forclosure letter | List of documents submitted to the bank | Statement of account

Income Proof

Income proofs vary for different professionals across salaried, non-salaried and self-employed. List of required income documents

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

FAQs & Support

View all

Can the borrower of an under-construction property avail of a balance transfer loan from L&T Finance?

Yes, borrowers of under-construction properties can avail of a balance transfer loan from L&T Finance, subject to approvals and other policies.

Is there any tax benefit available on Home Loan Balance Transfers?

Tax advantages for Home Loan balance transfers are available under Sections 24(b) and 80C of the Income Tax Act.

Is balance transfer a good option for a Loan?

Certainly! A balance transfer allows you to benefit from reduced interest rates and lower EMIs while offering favorable loan terms.

Does a Home Loan Balance Transfer need a Guarantor?

The Home Loan balance transfer process usually doesn't need a guarantor if the borrower meets the eligibility requirements and has a good repayment history.

What is a Home Loan Balance Transfer?

A Home Loan balance transfer involves transferring the outstanding balance of your existing Home Loan from one lender to another. This is typically done to benefit from lower interest rates or better loan terms offered by the new lender.

Explore all FAQs

Testimonials

Housing Loan

Buying a home in Mumbai was always a dream of mine, and L&T Finance has made this dream come true. They offered competitive interest rate, quick approval with easy documentation. I would highly recommend L&T Finance to anyone looking for a reliable home loan provider.

Yadika Hussain

Mumbai

Housing Loan

As a 2nd generation entrepreneur, expanding my PVD coating business was easy with L&T Finance. The process was fast, smooth, with minimal paperwork and the best interest rates. Thanks to PLANET, I can make part payments and withdrawals with ease. They've provided full funding for my growth.

Harsh Gosalia

Pune, Maharashtra

Business Loan

As a steel and aluminum trader, I needed constant capital post-COVID. L&T Finance's DLOD service impressed me with a seamless, fully digital process. Their executive guided me well, leading to a swift sanction. The competitive interest rate & round the clock transaction facility were game-changers for my business.

Jignesh Solanki

Mumbai

Housing Loan

L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!

Amol Hirawadekar

Mumbai

Housing Loan

Choosing L&T Finance for our home loan was seamless. The team was supportive, with transparent documentation, quick responses, and competitive rates. Their efficient process made our home-buying journey smooth, and the L&T Emerald’s location, amenities, and security make it the perfect choice for our family.

Amit Chaturvedi

Mumbai, Maharashtra

Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai

SME

The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.

Dr. Hrishikesh Chevle

Pathologist, Alpine Diagnostics

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujarat

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.