Home Loan Balance Transfer in India — When It's Worth It

## Balance transfer vs refinance in India In India, moving your home loan from one bank to another is called a **balance transfer**. The process takes 2–4 weeks and typically costs ₹15,000–₹60,000 in fees. ## When it's worth it The rule of thumb: if your new rate is at least 0.5%–1% lower and you have at least 5–10 years remaining on your loan, it's usually worth it. The break-even is typically 12–18 months. ## Try your current bank first Before switching, call your bank's retention team and mention you've received a lower rate offer. They'll often reduce your rate by 0.25%–0.5% to keep your business — with zero paperwork or fees.