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Home Loan Balance Transfer Online , Move your Home Loan outstanding balances Home Loan Balance Transfer special offers & rates for 2018 The process of transferring the balance of your loan from one lender to another is known as balance Transfer. It is also applied to financing your loan. It is not only one option for the customer who has been with a bank for less than two years. Advantages of Balance Transfer : 1. You can decrease the cost of borrowing on the mortgage and save on interest costs and carrying down the cost of your home. 2. You can free up cash in case the increased value of your home. 3. You may lock yourself in a permanent rate of interest if rates are low.