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.
Why Choose Indian Bank for Your Home Loan Transfer?
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:
1. Attractive Interest Rates
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.
2. Zero Processing Fees
As of May 2025, Indian Bank is waiving processing fees for home loan transfers, making it a
cost-efficient switch.
3. Top-Up Loan Option
Need extra funds? Indian Bank lets you avail a top-up loan during the transfer. Learn more about
Top-Up Home Loan
Options.
Flexible Tenure
Enjoy repayment flexibility of up to 30 years, depending on your age and
repayment capacity.
5. Prepayment and Foreclosure Benefits
No prepayment charges on floating-rate loans allow you to close your loan early—penalty-free.
Who Can Apply for a Balance Transfer to Indian Bank?
To be eligible for a home loan transfer, the borrower must:
- Be an Indian citizen, aged between 18 and 70 years
- Be salaried or self-employed with a stable income
- Have a credit score of 700+
- Maintain a regular repayment history (12 months preferred)
- Own a clear, legally approved residential property
Documentation Required
Prepare the following documents to apply for a home loan balance transfer:
Identity Proof
- PAN Card
- Aadhaar Card / Passport / Voter ID
Address Proof
- Utility bills / Rent agreement / Passport
Income Proof
- Salary slips (last 3 months)
- ITR/Form 16 (past 2 years)
- Bank statements (last 6 months)
Property Documents
- Title deed
- Approved building plan
- Latest property tax receipts
Loan Details
- Sanction letter from current lender
- EMI payment statement (last 12 months)
- No Objection Certificate (NOC)
Steps to Transfer Your Home Loan to Indian Bank
- Check Eligibility – Use TyTil ’s Home Loan
Balance Transfer Guide to assess your suitability.
- Compare Loan Offers – Compare Indian Bank’s rates with your current
loan terms using the EMI Calculator.
- Apply Online or Visit a Branch – Fill out the application form online
or visit the nearest Indian Bank branch.
- Submit Documentation – Upload all required documents or submit them in
person.
- Loan Sanction & Disbursement – Once approved, Indian Bank will pay off
your current lender and take over your loan account.
| Loan Amount |
Indian Bank Repo Rate Home Loan Rate |
Rate for Female Borrower |
| Up to ₹30 Lakh |
8.15% |
8.10% |
| ₹30 Lakh – ₹75 Lakh |
8.25% |
8.20% |
| ₹75 Lakh – ₹2 Crore |
8.40% |
8.35% |
| Above ₹2 Crore |
8.40% |
8.35% |
Explore Real Estate Opportunities
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.