To transfer your home loan in India from one bank to another, you must first compare the interest rates and processing fees offered by various lenders. Then, present your application and documents to the new lender, including the original property documents, loan repayment track record, and NOC from the previous lender. Before approving the loan, the new lender will conduct a property valuation and credit assessment. Once approved, the new lender will pay off the outstanding balance of your existing loan to the old lender and transfer your home loan to the new lender.
