Balance Transfer
You're Overpaying on Your
Home Loan Right Now.
If your home loan rate is above 8.75%, a balance transfer could save you lakhs. WEVRIN identifies the right lender, calculates the true savings after all costs, and executes the transfer seamlessly.
Why Balance Transfer
A 0.50% Rate Cut Saves
More Than You Think
Home loan balance transfer (BT) means moving your outstanding loan balance from your current lender to a new one offering a lower interest rate. With home loan rates fluctuating significantly across lenders and over time, many borrowers are quietly paying 0.50–1.50% more than they need to — on every rupee, every month, for years.
On a ₹60 lakh loan with 15 years remaining, a 0.50% rate reduction saves approximately ₹5-6 lakhs in total interest. A 1% reduction saves ₹10-11 lakhs. WEVRIN calculates your exact savings net of all transfer costs — so you know precisely whether it makes financial sense before you proceed.
What to Watch
Hidden Costs to Factor Into Your BT Decision
WEVRIN ensures you account for every cost before deciding — so there are no surprises post-transfer.
Processing Fee (New Lender)
The new lender typically charges 0.25–1% of the loan amount as processing fee. WEVRIN negotiates this down — often to ₹5,000–₹10,000 flat for strong profiles.
Legal & Technical Charges
New lender legal vetting and technical valuation typically costs ₹5,000–₹15,000. Some lenders waive this for BT customers — WEVRIN negotiates accordingly.
Stamp Duty on New Mortgage
Mortgage re-registration attracts stamp duty that varies by state — typically 0.1–0.5% of the loan amount. This is often the largest hidden cost in a BT.
Foreclosure Charges (Old Lender)
For floating rate loans, RBI prohibits foreclosure charges. For fixed rates, charges can be 1–3% of outstanding principal. WEVRIN confirms this before initiating any BT.
Breakeven Calculation
The breakeven period is total transfer cost divided by monthly EMI saving. A BT that breaks even in under 18 months is almost always worth doing. WEVRIN computes this precisely.
Top-Up Loan Opportunity
Many borrowers use BT as an opportunity to take a top-up loan for renovation or investment. The new lender often approves a top-up alongside the BT at the same low rate.
How It Works
WEVRIN's Balance Transfer
Process — End to End
Savings Analysis
We calculate your exact net savings — gross interest saving minus all transfer costs (processing fee, legal fee, stamp duty) — and model the breakeven period.
Lender Identification
We identify 3-5 lenders offering the best combination of rate, service, top-up availability, and minimal BT processing friction.
New Application Processing
We prepare your updated income, KYC, and property documents and process the new loan application — minimising time and paperwork on your end.
Foreclosure from Old Lender
Once the new loan is sanctioned, we coordinate the foreclosure letter, outstanding amount confirmation, and NOC collection from your existing lender.
Disbursement & Registration
The new lender disburses directly to the old lender. We oversee title deed transfer, mortgage registration, and ensure you receive all original documents.
Apply Today
Find Out Exactly How Much You Can Save
WEVRIN calculates your net BT savings in minutes — including all transfer costs. No obligation, no pressure.