New Delhi, April 25 -- The Reserve Bank of India (RBI) has recently reduced the repo rate twice in 2025. First it was reduced to 6.25% in the month of February and then to 6% in the month of April. This has created a fairly reasonable opportunity for all home loan borrowers to try and explore refinancing options.

Now to facilitate the same, one such option is the Home Loan Balance Transfer (HLBT), which allows borrowers to shift and transfer their loans to another reputable lender offering more reasonable terms. Let us explore three smart reasons to consider home loan balance transfer along with the associated pros and cons.

A home loan balance transfer is the process of transferring your existing home loan from one bank or lender to an...