on your home loan EMIs


your loan repayment tenure

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What customers say about us

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“I was not too keen on transferring my home loan. But after checking my loan with Test My Loan, I realised I could save more than 3 lakh with minimum effort.”

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“Test My Loan opened my eyes to major savings on transfer of my home loan. The team has good knowledge of home loans and guided me on every step. Highly recommended.”

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“Thank you Test My Loan. You made it super easy to transfer my home loan from an expensive one and save me Rs. 4.5 lakhs. And a top up loan with quick approval process.”

Enter current loan details to see your savings

Apply for a Balance Transfer

Save lakhs in loan repayment Apply for a Balance Transfer

What is
Test My Loan?

A unique loan assistance
service that helps
you save big on your existing
home loan.

What is Test My Loan
See your savings

See your savings

We test your existing home loan to calculate the current cost of your loan, and your savings by transferring it to another lender, either a bank or an NBFC.

Once you know exactly how much you can save in your home loan EMIs or on the total repayment of your loan, we make it easy to transfer your loan with zero hassles.

Save lakhs in interest

Save lakhs in interest

With Test My Loan, you can easily reduce your monthly EMIs and total interest payment over the loan tenure. Imagine saving lakhs in interest over the entire loan period or thousands in EMI every month.

More money in your bank

More money in your bank

We give you the option to reduce the tenure of your existing home loan, or take a top-up on your current home loan. Test My Loan instantly tells you the top-up loan amount available without any increase in your current EMI.

You can use your top-up home loan to repay more expensive loans like credit cards or personal loans and ease your debt burden.

Why Test My Loan?

Stop paying higher EMIs

Once your EMIs start, most people don’t bother to switch their loan to a lower offering. And the process of applying for a home loan transfer can be complex and time consuming. That’s where we come in.

Let’s help you lower your EMIs

With Test My Loan, you can choose to reduce your remaining tenure of the loan and save significantly on monthly EMIs and total interest you pay to the bank.

Interest Savings Made Simple

It’s not always easy to calculate your balance transfer savings. At Test My Loan, we make it super simple to know the interest you can save if your switch to a lower interest loan.

TML Paperwork

Paperwork? Leave it to us.

We do all the necessary paperwork for a smooth transition to your new loan and get you the lowest interest rates for your balance transfer.

How does Test My Loan work?

Our Algorithm Does All the Work

At Test My Loan, we have designed an intelligent algorithm that works basis a few inputs from you. It calculates your total savings on loan interest payments or the reduction in your monthly EMI or even how much top-up loan you can get.

Save With 3 Simple Steps

Step 1

Step 2
TML Doller

Enter your current
loan outstanding

Step 3
TML Percentage

Enter current rate
of interest and
balance tenure

Reduce EMI

Reduce EMI

See how much you can save on monthly EMIs by transferring your loan to another lender.

Reduce Tenure

Reduce Tenure

Know your total savings on home loan interest by reducing your loan tenure

Get Top Up

Get Top Up

See how much top-up loan you can get on the lowest home loan interest

One Report Many Benefits

One Report.
Many Benefits.

Test My Loan sends you a detailed loan savings report based on your inputs. You can choose to apply online for a balance transfer or a top-up loan and we will take it from there to reduce your loan interest burden.

How can you benefit from Test My Loan?

Save Time Save Money

Save Time. Save Money.

With Test My Loan, the process of reducing your home loan burden is simplified. We do all the running around, paperwork and coordination with the banks so you don’t have to waste your precious time.

Expert Financial Guidance

Expert Financial Guidance

Our home loan experts guide you on which option is best for your specific case. We analyse your current home loan and offer the most prudent financial choices that work for you.

Choose to save on your monthly EMIs, save on your total loan repayment cost, or get additional funds as a top-up on your home loan.

Need funds? Get a Top-up.

Most home loan EMIs are typically large payments you need to make every month. Which can leave you with little money for other expenses.

Maximise Your Home Loan

Test My Loan can help you raise additional funds with a top-up loan on your current home loan.

How’s Your Credit Record?

If you have a good credit record with your lender, and pay your EMIs without defaults, banks will be happy to offer you a top-up loan on your existing home loan at the same interest rates.

You can use these additional funds for any personal use at the lowest possible interest applicable on a home loan.

Home Loan TML

Expert Tip:

We always recommend that you close the most expensive loans first. So use a top-up funding to clear credit card outstanding or close personal loans which cost you much more than a home loan.

Blogs & Articles

-Team TML

How to improve your credit score for loan approval in four simple steps

Your credit score is one of the most important determinants of your financial health. A high credit score will get you loans at lower interest rates from banks, while a low credit score will lead to you paying more for loans. Improving you

Read More
-Team TML

How to Reduce Your Home Loan Repayment

There are a few simple ways to reduce your home loan repayment and save money each month. By refinancing your loan, or by transferring your balance to a new lender, you could see a significant monthly savings. Test My Loan can help you fin

Read More
-Team TML

Everything you need to know about Home Loans

Bank mortgage or home loan terms can be confusing for first-time borrowers. This blog post will aim to simplify some of the most common finance terms. In this post, we will focus on mortgage and home loan terminology. We will define key te

Read More
-Team TML

Looking for a home loan transfer?

Tired of paying hefty EMIs on your home loan? Chances are you took the loan some time back when the interest rates were much higher. Don’t worry, there’s help at hand with a home loan balance transfer, also known as refinancing

Read More
-Team TML

Why balance transfer your home loan?

Wondering how much you could save in terms of interest and principal amount if your existing home loan was at a much lower interest rate? With home loan interest rates in India circling around 7.5% currently, chances are your earlier home

Read More

Home Loan & Balance Transfer FAQs

A home loan is a mortgage offered by a lender, usually a bank or NBFC (Non-Banking Financial Company) to an individual for buying a residential property. A mortgage is a kind of loan used to purchase a home, land, or other types of real estate. In the case of a mortgage or home loan, the lender will hold the title of the property until the loan is paid back in full along with the interest. Apply now for a home loan or a balance transfer loan from top banks at

Anyone with a regular source of income can apply for a home loan. You need to be either self-employed or salaried, minimum 21 years old at application and maximum 65 years at loan closure time. This is the generic home loan eligibility criteria, and every lender has its own criteria such as the minimum and maximum age limits, minimum income level, cost of the property etc.

Citizenship Status:   Permanent Resident of India

Work Experience:   Min. 3 years with a reputed company

Min. Income:   ₹30,000 per month - Living in Delhi, Gurugram, Faridabad, Greater Noida, Noida, Ghaziabad, Mumbai, Thane, and Navi Mumbai. ₹25,000 per month – Living in Bangalore, Pune, Hyderabad, Chennai, Ahmedabad, Kolkata, Jaipur, Chandigarh, Coimbatore, Nagpur, Surat, Cochin, Baroda, Indore, Vizag, Nasik, Aurangabad, and Lucknow.

Min. Property Value:   ₹40 Lakhs – Properties in Mumbai and Delhi (except NCR) ₹30 Lakhs – Properties in Bangalore, Pune, Hyderabad, Chennai, Thane, Navi Mumbai, Faridabad, Gurgaon, Ghaziabad, Noida, and Greater Noida (NCR) ₹20 Lakhs – Properties in Kolkata, Ahmedabad, Chandigarh, Cochin, Coimbatore, Indore, Jaipur, Nagpur, Surat, Baroda, Nashik, and Vijayawada ₹15 Lakhs – Properties in Aurangabad, Vizag, and Lucknow

Only immediate family members such as parents, siblings, and spouses can be co-borrowers for a home loan in India. Having a co-borrower for your home loan improves your chances of being approved for a larger loan amount.

Additionally, having a co-borrower who has a robust credit history and good credit score is preferable as compared to someone with a low credit score.

Transferring an existing home loan outstanding from one lender to another is known as a balance transfer of a home loan. Borrowers can benefit from reduced interest rates and savings on interest and that is the primary reason to opt for a balance transfer loan.

Anyone who has an existing home loan with any Bank/NBFC with a regular payment track of 12 months, can apply for a balance transfer loan. To know how you can benefit from a balance transfer on your home loan, check out or WhatsApp us on +917710801888