India, Dec. 2 -- A balance transfer for personal loans is a strategic move where you shift your outstanding loan to a new lender offering terms that may suit your current cash flow better. It can help streamline EMIs and improve repayment flexibility, especially relevant as households plan finances for 2025.

Always read the fine print and ensure the growth clearly aligns with your priorities. In this blog, we'll unpack how balance transfers work, when they make sense, and practical steps to lower your payments without compromising financial stability.

A balance transfer lets you move your existing personal loan from one lender to another that may offer a suitable interest rate, fees, or repayment flexibility. The goal is to reduce your ...