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Route 3 · Better rate, lighter EMI

Paying too much interest? Move your loan somewhere cheaper.

If your score has improved since you took your loan, you may be paying more than you need to. A balance transfer moves your outstanding loan to a bank or NBFC that offers a lower rate. Your old loan is closed, your EMI drops, and on-time payments get easier.

Talk to a counsellor

We compare partner offersWe show the saving after fees

Is a balance transfer worth it for you?

Change the numbers to your loan. The example below is pre-filled.

Outstanding amount (₹)

Months left

Current rate (% p.a.)

New rate (% p.a.)

Fees for switching (₹)

Include the new lender's processing fee and any foreclosure charge on your old loan.

Current EMI—

New EMI—

Interest saved—

Less fees—

Net saving—

Estimate for a standard reducing-balance loan. Actual offers depend on the lender's assessment.

When it makes sense

The rate gap is realA drop of 2–3 percentage points or more usually covers the fees.

Plenty of tenure leftMost of the interest is paid early in a loan. The more months left, the bigger the saving.

Clean repayment recordNew lenders look for on-time EMIs, typically for at least 6–12 months.

Skip it ifYou have only a few EMIs left, or the switching fees wipe out the saving. The calculator will tell you.

How it helps your CIBIL

A lower EMI makes on-time payment easier, and your old loan is closed in full. Expect a small, temporary dip from the new application's hard enquiry. Apply through one route rather than to many lenders at once, which is exactly what we do for you.

How it works

Check your profile

Create your account so we can see your score and current loans.

Compare offers

We line up partner offers and show the net saving after every fee.

Switch

The new lender pays off your old loan. You get the closure letter and NOC.

Verify

We confirm the old loan shows "Closed" on your report.

Questions

Will my old lender charge me for closing early?

Floating-rate loans for personal use sanctioned or renewed on or after 1 January 2026 can't carry a prepayment charge under RBI rules. Fixed-rate personal loans may, as per your agreement. We check before recommending a switch.

Can I take a top-up with a balance transfer?

Many lenders offer one. It's worth considering only if you have a real need and the higher EMI fits your budget.

Can I transfer a credit card balance?

Yes, but card balance transfers are often short promotional offers. For larger dues, consolidating into a personal loan is usually cheaper and simpler.

Balance transfer

Find out what a lower rate could save you.

Create a free account to see balance transfer offers matched to your CIBIL. 1800-XXX-XXXX