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Every running loan · Switch smarter

Balance Transfer & Top-upAny running loan. A better-fitting lender. A top-up, if eligible.

Personal, business, home, property, SME, overdraft or car — most running loans can be moved to another lender, and many lenders may add a top-up in the same file, as per their policy. We read your repayment track first — then tell you if switching makes sense.

Check my switch on WhatsApp → Call us · +91 91721 34844

Shubhdhanam is a loan distribution firm (DSA).

1Repayment track read firstYour running loan record decides the fit
2Transfer + top-up, one fileBoth moves handled together
3Switch only if it makes senseWe tell you honestly if it doesn’t

How it works

Two moves. One file.

They are different decisions. A transfer changes who you owe. A top-up changes how much you owe. We look at each one separately.

  1. Move 1

    Balance transfer

    The new lender pays off your current lender directly and your loan continues with them — on their rate, tenure and terms.

  2. Move 2

    Top-up

    Extra funds over the transferred amount, in the same file — only if the new lender finds you eligible. It adds to what you owe.

  3. Together

    One loan, one EMI

    Transfer and top-up close as one loan with the new lender — one EMI date, one account to track.

Loan by loan

Pick your running loan. See how it moves.

Every loan moves a little differently. Here is what the new lender reads for each — no rates, no promises, just how it works.

Personal Loan →

Move your personal loan. Merge the scattered ones.

Balance transferTop-up, if eligibleUnsecured · nothing to pledge

What the new lender reads

  • An on-time EMI record on the running loan — lenders usually want a few months of it
  • Your current income and where you work
  • Your credit report and the total of your EMIs today

Good to know

Several personal loans — and card dues — can sometimes be merged into one loan with one EMI, as per the new lender’s policy.

  1. Current lender
  2. Foreclosure letter
  3. New lender pays off
  4. One EMI starts

Business Loan →

Move your business loan to a lender that reads your business better.

Balance transferTop-up, if eligibleSecured or unsecured

What the new lender reads

  • Bank statements and the cash flow of the business
  • ITR, GST and how steady the turnover is
  • Your repayment track on the running loan

Good to know

Both secured and unsecured business loans can be moved, as per the new lender’s policy. A top-up adds to what the business owes — take it only for a clear use.

  1. Current lender
  2. Foreclosure letter
  3. New lender pays off
  4. One EMI starts

Home Loan →

Move your home loan, add on the same home.

Balance transferTop-up, if eligibleSecured · same property

What the new lender reads

  • Your repayment track on the running home loan
  • Property papers, a legal check and a fresh valuation
  • Your current income and existing EMIs

Good to know

The top-up comes on the same property, so its value and your income decide what is possible. The original property papers move from your current lender to the new one at closure.

  1. Current lender
  2. Foreclosure letter
  3. New lender pays off
  4. Papers move · EMI starts

Loan Against Property →

Move your LAP. Let the property’s value work again.

Balance transferTop-up, if eligibleResidential or commercial

What the new lender reads

  • Property value and a clear title — the new lender values it afresh
  • Business or income proof
  • Your repayment track on the running LAP

Good to know

The top-up depends on the fresh valuation of the property and your income. Property papers move to the new lender at closure.

  1. Current lender
  2. Foreclosure letter
  3. New lender pays off
  4. Papers move · EMI starts

SME Loan →

Your running SME loan, taken over by a better-fitting lender.

TakeoverExtra funds, if eligibleTerm loan · machinery

What the new lender reads

  • How the running account has been conducted
  • Financial statements, ITR and GST
  • The machinery or other security, and its papers

Good to know

Banks call this a “takeover”. Along with it, a lender may consider additional funds as per its policy.

  1. Current lender
  2. New lender sanctions
  3. Dues paid, security moves
  4. New account runs

Overdraft →

Move your CC or OD limit — and ask for room to grow.

TakeoverHigher limit, if eligibleCash credit / overdraft limit

What the new lender reads

  • Account conduct — the limit kept within its drawing power
  • Stock statement and debtors list
  • Financial statements and GST

Good to know

A running cash credit or overdraft limit can be taken over by another lender, and a higher limit may be considered as per its policy.

  1. Current lender
  2. New lender sanctions
  3. Dues paid, security moves
  4. New account runs

Car Loan →

Move your car loan. Your car’s value can fund a top-up.

Balance transferTop-up, if eligibleNew or used car

What the new lender reads

  • Your repayment track on the running car loan
  • The car’s RC, insurance and its assessed value
  • Your income and running EMIs

Good to know

The top-up depends on the car’s assessed value and your profile. The hypothecation on the RC moves from your current lender to the new one.

  1. Current lender
  2. Foreclosure letter
  3. New lender pays off
  4. One EMI starts

Know the rule before you switch

For floating-rate loans sanctioned or renewed on or after 1 January 2026, RBI rules bar prepayment charges on loans to individuals for non-business use, and on many business loans to individuals and micro & small enterprises. Older or fixed-rate loans may still carry charges as per your loan agreement — we check this with you before you move.

Source: Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025

A switch usually makes sense when

  • Your EMI record is clean and your profile has improved since you took the loan
  • You need extra funds and a top-up fits better than a fresh loan
  • Several running loans can become one
  • A good part of the tenure is still left

We may say “stay” when

  • The loan is close to its end
  • Closing charges and new fees eat up the gain
  • Recent EMIs were delayed — fix the track first
  • The top-up is not really needed

Four steps

From your running loan to one new EMI.

  1. 1Share your running loan

    Sanction letter and loan statement on WhatsApp

  2. 2We read the fit

    Track, income, property or car — matched to lender policy

  3. 3New lender sanctions

    Transfer amount and any top-up, as per their policy

  4. 4Old loan closes

    New lender pays off; papers move; one EMI starts

Shubh Tools

Tools that make this decision easier

Questions

Before you switch.

Will a balance transfer affect my CIBIL?

Applying adds an enquiry to your credit report. Once the old loan is paid off it shows as closed, and on-time EMIs on the new loan keep building your record.

What does a switch cost?

The new lender's processing fee and charges, and any closing charges of your current lender as per your loan agreement. We list them before you decide — a switch makes sense only if what you gain is bigger than these costs.

Can I take only a top-up without moving?

Yes — many lenders offer a top-up on a running loan to their own customers. Sometimes that is the simpler route; we tell you which one suits you.

How long does it take?

It depends on the loan and the lender. A personal loan usually moves faster than a home loan or LAP, where property papers and a valuation are involved.

Which papers are needed?

The running loan's sanction letter and statement, a foreclosure letter from your current lender, your KYC and income papers — plus the property papers for a home loan or LAP, and the RC and insurance for a car.

Available across Mumbai, Thane & Palghar. All areas →

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Shubhdhanam never asks for an advance fee, OTP or password. Our team calls only from the numbers on this page. Never pay anyone in cash or into a personal account in our name.

Shubhdhanam is a loan distribution firm (DSA).

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Ready when you are.

One call or one WhatsApp message. One person handles your file from the first call to disbursal.

Check my switch on WhatsAppCall us · +91 91721 34844

Other loans

Personal LoanBusiness LoanHome LoanLoan Against PropertySME LoanOverdraftCar Loan

Loans are sanctioned and disbursed by banks and NBFCs at their sole discretion. Amount, rate and tenure depend on each lender's policy and are stated in the sanction letter.

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