about image

Balance Transfer

About Balance Transfer Loan

More information on Balance Transfer at LoanzBazar

A balance transfer is referred to the transfer of money when customers can transfer their debts, such as credit card balances, student loans, home loan medical costs, and car loans, to a credit card with a zero or lower interest rate for a promotional or limited term.

A balance transfer occurs when a debt balance is transferred from one account to another. Shifting debt from one credit card to another is the most prevalent sort of balance transfer. The most common reason for transferring a balance is to benefit from a cheaper interest rate. The credit card and credit score govern the total amount that can be transferred as well as the types of balances that can be transferred.

At LoanzBazar balance transfer is easy, convenient and has a cheaper rate of interest.

Loan Amount



Rate of interest



Loan Tenure

6 Months

72 Months

Calculated EMI*

Quickest balance transfer at LoanzBazar

The transfer of a credit card balance is very fast and it normally takes two to three days for the money to arrive at the new bank.

Check Loan Eligibility at loanbazar

Compare Offers Here


I have read and agreed to the privacy policy and I authorize loanbazar.com to call or SMS or email me. By submitting this form, I hereby authorize loanzofindia.com to do all of the following in connection with providing me the folowing Services:

What makes LoanzBazar the best choice for a balance transfer?

Why is LoanzBazar best to take cash balance transfer from?!


Loan approval within 24 hours

LoanzBazar guarantees loan approval within 2-3d days after screening the required documents.


Easy repayment options

With the fastest and most convenient loan approvals, LoanzBazar always offers options for repayment where you can pay the bills in one go. Otherwise, you might lose the card.


No hassle large loans approval

At LoanzBazar you can make a bank transfer loan from anywhere between Rs 50,000 to Rs 10,00,000 for your personal use.


Easy repayment options

You can repay your loan amount with interest within 18 months or more where interest might be charged or not depending on the bank by opting for LoanzBazar’s services.


Least documentation

When you are opting to take a balance transfer loan with LoanzBazar you won’t be worrying about documents. As you don’t have to take care of documentation because we will do it for you.

Documents to Apply for a Balance Transfer Loan

When applying for a Balance Transfer loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • Balance Transfer proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar Balance Transfer Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What can the cc/overdraft be used for?

Financial organizations provide their customers with cash credit and overdrafts to prevent returned payments. When there are insufficient funds in checking accounts, both are utilized to prevent cheques from bouncing or debit cards from being denied.

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Balance Transfer Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…


Via Website


Via Our App


Via WhatsApp


Via Call

Compare cc/overdrafts Rate of Interest in Mumbai, Pune, Thane, Navi Mumbai, Delhi, Bangalore,

CC/overdrafts rate of interest are usually different at different banks. The rate of interest for overdrafts is higher than for cash credits. The lowest interest rate for cc is charged in ICICI at 10.4% to 11.5% p.a. Whereas the lowest interest rate for overdraft is charged at SBI Starting at 9.65%.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%


The borrowing limit for cash credit is based on stock volume and inventory whereas in overdrafts the borrowing limit is based on financial statements and security deposits.

Ye cash credit is a short-tenure loan amount which you can return within a year.

A CIBIL score of 750 or above is required for cash credit.

To be eligible for an overdraft, an applicant must have a current account with the bank. Only the amount that has been utilized is subject to interest.

Businesses can take out cash credit loans to borrow money from their bank account over their account balance as many times as they wish, up to a pre-determined borrowing limit. However, interest is only levied on the amount borrowed, not on the total amount borrowed, unlike other loans.