Balance Transfer

At Vira Finance, we provide a smooth balance transfer loan option that allows you to transfer your previous high-interest loans to us at reduced interest rates, saving you a considerable amount on your EMIs. Whether you have a house loan, a personal loan, or a business loan, our balance transfer service can help you save money and have more freedom.

Kotak Bank Home Loan

Interest Rate

6.65%-11.5%

Loan Amount

300000.00-250000000.00

EMI Per Lakh

₹1,964 - ₹2,199

Processing Fees

0.5%

Pre-Payment Charges

HDFC Bank Home Loan

Interest Rate

6.75%-8.2%

Loan Amount

3000000.00-10000000.00

EMI Per Lakh

₹1,968 - ₹2,037

Processing Fees

0.5%-1.5%

Pre-Payment Charges

ICICI Bank Home Loan

Interest Rate

6.75%-9.5%

Loan Amount

1000000.00-50000000.00

EMI Per Lakh

₹1,968 - ₹2,100

Processing Fees

1.0%

Pre-Payment Charges

Bank of Baroda Home Loan

Interest Rate

6.75%-13.35%

Loan Amount

200000.00-100000000.00

EMI Per Lakh

₹1,968 - ₹2,293

Processing Fees

0.25%-0.5%

Pre-Payment Charges

Union Bank of India Home Loan

Interest Rate

6.8%-10.65%

Loan Amount

500000.00-50000000.00

EMI Per Lakh

₹1,971 - ₹2,157

Processing Fees

0.5%

Pre-Payment Charges

Home Loan Personal Loan Business Loan

Loan Amount:

₹

₹ 5 Lac ₹ 20 Cr

Loan Tenure (Years):

Years

5 30

Current Rate of Interest:

1 20

Expected Rate of Interest:

1 20

Number of EMI's Paid:

0 239

Current EMI

0.00

Revised EMI

0.00

Total Savings:

0.00

Features of our Balance Transfer Loan

Lower Interest Rates: Enjoy lower EMIs and competitive interest rates.
Flexible Tenure: Select from a variety of payback choices to fit your budget and financial goals.
We incur minimal processing costs for transferring your amount, with no hidden expenses.
Top-Up Loan Options: Need more money? Choose a top-up loan along with your debt transfer.
Quick Approvals: Fast and easy approval procedure, so you can start saving right away.
Simple Process: With our online and offline application processes, you can easily transfer your loan with minimum documentation.

Eligibility Criteria For Balance Transfer

To qualify for a balance transfer with Vira Finance, you must satisfy the following criteria:

Salaried adults can be between 21 and 60 years old, whereas self-employed individuals can be as old as 65.
Employment: Salaried professionals, company owners, and self-employed persons are all eligible.
Existing Loan: You must have an active loan from a financial institution.
Credit Score: A strong credit score (650 or above) is ideal.
Timely Payments: For the past 12 months, your loan should have had a clean payments record.

Documents Required for Balance Transfer

Identity proof includes an Aadhaar card, a PAN card, a passport, or a voter ID.
Utility bills, rental agreements, passports, and other forms of identification can serve as proof of address.
Income Proof: Most recent wage slips (for salaried employees), bank statements, or ITR returns (for self-employed persons).
Existing Loan Statements: A copy of your current loan repayment plan, as well as bank statements from the last 12 months.
Property Documents: For house loan balance transfers, property-related papers will be requested.

Why Choose Vira Finance for a Balance Transfer?

Unbeatable Interest Rates: We provide one of the market's lowest interest rates, lowering your financial stress.
Fast Approval: Our speedy approval procedure assures that your loan is transferred without delay.
Flexible choices: We provide a variety of repayment choices and tenures to make your life easier.
Top-Up Facilities: Need more money? Our balance transfer includes the opportunity to increase your loan at a lower interest rate.
Transparent Process: There are no hidden costs or convoluted terms—you receive exactly what you see.
Trusted Partner: At Vira Finance, we prioritise long-term partnerships with our customers, providing help at every stage of their financial journey.

Frequently Asked Questions (FAQ)

1. What is a balance transfer?
A balance transfer allows you to move your existing loan from one financial institution to another at a cheaper interest rate, lowering your monthly payments and total loan cost.

2. How much may I save with a balance transfer?
Transferring your loan to Vira Finance allows you to dramatically lower your EMI payments, potentially saving thousands of dollars over the loan's term, depending on the current interest rate and loan size.

3. Can I combine a top-up loan with a balance transfer?
Yes, we provide the option of topping up your loan throughout the balance transfer procedure if you require more money.

4. How long does the balance transfer take?
The procedure is quick and simple, with approval often occurring within 24-48 hours after providing all relevant paperwork.

5. Are there any fees for balance transfers?
We charge a low processing cost for balance transfers and have no hidden fees.

6. Can I transfer a personal, business, or residential loan?
Yes, with Vira Finance, you may easily transfer your personal, company, or residential loan.

Connect With Us

info@virafinance.in

Consult Email

info@virafinance.in

Phone

+919266626668

Have Query ? Reach Out Us!