Stop Overpaying on Your Existing Loan.
If your ongoing home loan or loan against property carries an interest rate higher than current market benchmarks, staying put costs you lakhs. Trueways helps you refinance your outstanding balance to a lower rate and unlock high-value top-up liquidity with zero hassle.
- Save Up to ₹3 Lakhs to ₹10 Lakhs in Net Future Interest
- Secure Low-Cost Top-Up Funds at Base Home Loan Rates
- Flexible Tenures from 1 to 7 Years with Quick Sanctions
Calculate Your Interest Savings
Free mathematical audit · Clear breakeven timeline
0.40%+
Rate Drop That Justifies Switching
6 to 9 Mos
Average Fee Breakeven Period
Up to 100%
Top-Up on Sanctioned Value
₹0
Foreclosure Penalty on Floating Rates
STRATEGIC DECISION-MAKING
Is Refinancing the Right Move for You?
High Benefit
In the initial 5 to 10 years of a loan, 70% to 80% of your EMI goes strictly toward interest. A rate cut of even 0.50% saves massive sums over long durations.
Dual Benefit
Rather than taking a high-interest personal loan at 12% to 15% for business or renovation, a balance transfer lets you bundle a low-cost top-up loan at 8.75% to 9.50%.
Low / Marginal Benefit
If your loan is nearing completion, most of your interest has already been paid off. Switching costs might exceed future interest savings. Trueways will honestly advise you to remain with your existing lender.
Why a Top-Up Beats Unsecured Borrowing
When you refinance your home loan, the new bank allows you to tap into the appreciated market value of your property through a Top-Up Loan.
- Interest Rate: 8.5% – 9.5% (vs. 11% – 16% on personal loans)
- Tenure: Up to 15–20 years matching your residual loan (vs. 5 years max)
- Usage Freedom: Multi-purpose capital for business expansion, interior decor, child education, or debt consolidation.
The Real Numbers Example
- Existing Loan Outstanding: ₹50 Lakhs
- Current Bank Rate: 9.35% (EMI: ₹46,128)
- Refinanced Rate with Trueways: 8.55% (EMI: ₹43,550)
- Monthly Savings: ₹2,578
- Net Interest Saved (15 Years): ~₹4.64 Lakhs (after deducting switching fees)
HOW IT WORKS
Switching Lenders Without Operational Headaches
Step 01: Math & Breakeven Check:
We verify your outstanding balance, track record, and calculate whether interest savings comfortably exceed switching fees.
Step 02: LOD & Sanction:
You request a List of Documents (LOD) and foreclosure statement from your current bank while we secure your new sanction letter.
Step 03: Payoff & File Handover:
The new lender issues a disbursement cheque directly clearing your outstanding loan with the existing bank.
Step 04: Original Deeds Handover:
We track and coordinate the release of your original property title deeds from the old bank into the safe custody of your new lender.
Eligibility Criteria
- Vintage: Minimum 6 to 12 months of clean repayment history on existing loan
- Default Record: Zero bounced EMIs in the preceding 12 months
- Credit Score: CIBIL 750+ recommended for lowest tier interest rates
- Property Status: Clear legal title with occupancy / completion certificate
Required Documentation
- Bank Statement: Last 12 months' bank account statement showing regular EMI deductions
- Loan Account Statement: Loan repayment schedule from current lender
- List of Documents (LOD): Official certificate from existing bank listing original deeds held
- Foreclosure Statement: Letter stating exact outstanding principal balance
- Income Papers: Standard 3 months' salary slips or 2 years' ITR
START SAVING INTEREST TODAY
Find Out How Much You Can Save on Your Loan.
Book a 15-minute consultation with a Trueways refinancing specialist. We will calculate your exact breakeven math with zero obligation.