Internal
Balance Transfer

Revisit your existing car loan with the same lender to explore revised interest rates, EMIs or loan tenure, as per available options.

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Existing loan and revised loan terms with the same lender

What Is an Internal
Balance Transfer?

An internal balance transfer involves reviewing or restructuring an existing car loan with the same lender. Depending on the lender's policy, eligible borrowers may be offered revised interest rates, EMIs or remaining loan tenure.

Your Loan,
Revisited.

Same Lender | Revised Terms | Subject to Approval

What Can Be Reviewed?

Interest Rate

Explore a possible rate revision.

EMI

Review your monthly repayment amount.

Remaining Tenure

Consider a revised repayment period.

Repayment Structure

Explore available repayment arrangements.

Current vs. Revised Loan Terms

Current Loan Terms

Interest Rate
EMI
Tenure

Revised Loan Terms

Revised Rate
Revised EMI
Updated Tenure

How the Internal Review Works?

Share Loan Details

Provide your existing loan account information.

Review Available Options

Explore revised terms based on lender policy and eligibility.

Verification

Complete any required documentation and checks.

Updated Loan Terms

Continue under the revised plan if approved by the lender.

Applicant Eligibility

  • Existing car loan with the same lender
  • Satisfactory repayment history
  • Acceptable credit profile, as applicable
  • Meets the lender's internal policy

Required Documents

  • Existing loan account details
  • Latest loan statement
  • Identity and address proof
  • Income proof, if required
  • Other lender-required documents

Important
Considerations

Applicable Charges

Review any fees or charges, if applicable.

Lender Approval

Revised terms depend on policy and eligibility.

Total Repayment

Compare overall repayment cost before proceeding.

FAQs

Quick answers to common questions about internal balance transfer.

Am I eligible for an internal balance transfer?

Eligibility depends on your current lender's policies, repayment history, credit profile and loan account status.

What changes can be made to my existing loan?

Depending on the lender, eligible borrowers may be able to review interest rates, EMI amounts or repayment tenure.

Are there any charges for an internal balance transfer?

Applicable charges vary by lender and the type of modification requested. Confirm the fees before proceeding.

Want to Review
Your Existing Loan?

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