A balance transfer loan against property (LAP) is one of the most effective ways for borrowers to reduce the overall cost of their existing loan. Many people initially take a LAP at a higher interest rate, and over time, better offers become available in the market. In 2025, several leading banks and NBFCs in India are offering highly competitive LAP balance transfer schemes, making it easier for borrowers to switch to a lender that provides lower interest rates, better service quality, and more flexible repayment options.
By transferring your existing LAP to a new lender, you can significantly lower your EMI, reduce your total interest outflow, and enjoy improved loan terms. This option is beneficial for both salaried individuals and self-employed borrowers who want to manage their finances more efficiently. Another major advantage is the availability of top-up loans, allowing you to borrow additional funds for business expansion, home renovation, or personal needs—without going through a lengthy approval process.
Choosing the best balance transfer LAP requires comparing different lenders based on interest rates, processing fees, foreclosure rules, customer service, and overall transparency. When done at the right time, a LAP balance transfer can help you save a substantial amount of money over the remaining loan tenure and provide greater financial flexibility.
