✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Check Eligibility

Save on your repayment costs by opting for a home loan balance transfer offered by L&T Finance on Bajaj Markets. Through this facility, you can benefit from lower interest rates starting from just 8.65% p.a. and extendible repayment tenures of up to 25 years. You can also meet any additional financial requirements with the top-up loan option, available with this transfer.

Interest Rates and Charges

L&T Finance Home Loan Balance Transfer interest rates and charges are as follows:

Interest Rate

8.65% p.a. onwards

Processing Fee

Up to 1% of the loan amount + GST

Part-prepayment Charges

5% of the outstanding loan amount if it exceeds 25% in a financial year

Foreclosure Charges

  •  4% of the outstanding amount if lower than 12 instalments have been paid
  • 3% of the outstanding amount if over 12 instalments have been paid

*Disclaimer: The aforementioned interest rates and charges are subject to change at the lender’s discretion.

L&T Finance Home Loan Balance Transfer EMI Calculator

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Features and Benefits

Competitive Interest Rates

Benefit from interest rates starting as low as 8.65% p.a.

Extendable Tenure

Repay the loan over extended tenures ranging up to 25 years

Simple Documentation

Sidestep the hassles of paperwork with the completely digital documentation process 

Easy Transfer

Transfer the balance of your existing home loan seamlessly with the simple online process

Top-up Loan

Get a top-up on your existing home loan, depending on your property’s present market value and your existing monetary obligations

Easy Eligibility

Adhere to the simple eligibility requirements and transfer the balance of your loan effortlessly 

Eligibility Criteria and Documents Required

Fulfil the criteria listed below to be eligible for this facility:

  • You must have a repayment track record of at least 12 months

  • You must fall under the age bracket of 23 to 62 years

  • Only loans from approved financial institutions may be transferred

  • The balance transfer facility is available only for residential properties

  • You should have the Title document’s ownership 


Alongside this, you should also keep the following documents handy for a streamlined application process:

  • Customer Undertaking - To provide original documents to L&T Finance within 20 days, from the date of disbursement

  • Letter of Authority - To authorise the lending institute’s representative to collect the original mortgage release letter and title documents for you, from the previous lender

  • Irrevocable power of attorney (POA) - In favour of the empanelled lawyer of L&T Finance

How to Apply?

Follow these simple steps to apply for this balance transfer facility:

  • Click on the ‘Apply Now’ option on this page

  • Fill in your personal and income details

  • Select ‘L&T Finance’ from the list of lenders

  • Enter the required loan amount and the preferred tenure

  • Click on ‘Submit’

  • After this, a representative will reach out to you for further proceedings.

How to Apply for home loan


What is the interest rate I can get with L&T Finance home loan balance transfer?

You can benefit from interest rates starting as low as 8.65% p.a. with an L&T Finance Home Loan Balance Transfer. However, the rate offered to you is decided based on your eligibility. 

Can I get a top-up loan with an L&T Finance Home Loan Balance Transfer?

Yes. You can get an additional top-up loan with this balance transfer facility.

Is it possible to extend the tenure of my existing home loan with L&T Finance’s balance transfer facility?

Yes. You can repay your existing home loan over extended tenures of up to 25 years with this transfer facility. However, this depends on your eligibility and the lender’s policies. 

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