If you're currently repaying a home loan with a higher interest rate, you may be losing more money than necessary. Indian Bank Home Loan Balance Transfer allows you to switch your existing loan to Indian Bank at competitive interest rates, with zero processing fees and added loan flexibility. With current rates starting from 7.90% p.a., this move can help reduce your EMIs and total interest outgo significantly.
A home loan balance transfer is the process of moving your remaining loan amount from your current bank or lender to a new one—like Indian Bank—usually to benefit from lower interest rates, improved repayment terms, or additional loan features. Over time, this can help you save a substantial amount on your home loan.
Indian Bank is one of the most trusted public sector banks in India, offering favorable terms and digital-first services. Here’s why it stands out:
Indian Bank offers floating-rate home loan balance transfers starting at 7.90% p.a. and fixed-rate options between 9.45% to 9.65% p.a. depending on your profile.
As of May 2025, Indian Bank is waiving processing fees for home loan transfers, making it a cost-efficient switch.
Need extra funds? Indian Bank lets you avail a top-up loan during the transfer. Learn more about Top-Up Home Loan Options.
Enjoy repayment flexibility of up to 30 years, depending on your age and repayment capacity.
No prepayment charges on floating-rate loans allow you to close your loan early—penalty-free.
To be eligible for a home loan transfer, the borrower must:
Prepare the following documents to apply for a home loan balance transfer:
Looking to buy a new property after switching your home loan? Explore verified listings on TyTil.com Real Estate and find the right home at the right price. Indian Bank offers a practical and cost-effective solution for anyone looking to switch their home loan from a high-interest lender. With zero processing fees, competitive interest rates, and options for a top-up loan, transferring your loan to Indian Bank can be a financially sound move.