LIC vs Bandhan Balance Transfer, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on LIC Housing Finance and Bandhan Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
LIC vs Bandhan — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | LIC | Bandhan |
|---|---|---|
| Interest Rate (p.a.) | 8.3% – 9.2% | 8.5% – 9.35% |
| Processing Fee | 0.50% (max Rs 10,000) | 0.50% |
| Max Loan Amount | Rs 5 Cr | Rs 3 Cr |
| Max Tenure | 30 Years | 25 Years |
| Bank Type | NBFC | Private Sector |
| Founded | 1989 | 2015 |
| Headquarters | Mumbai | Kolkata |
Interest Rate (p.a.)
LIC
8.3% – 9.2%
Bandhan
8.5% – 9.35%
Lower/better: LIC
Processing Fee
LIC
0.50% (max Rs 10,000)
Bandhan
0.50%
Max Loan Amount
LIC
Rs 5 Cr
Bandhan
Rs 3 Cr
Lower/better: LIC
Max Tenure
LIC
30 Years
Bandhan
25 Years
Lower/better: LIC
Bank Type
LIC
NBFC
Bandhan
Private Sector
Founded
LIC
1989
Bandhan
2015
Headquarters
LIC
Mumbai
Bandhan
Kolkata
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh balance transfer for 20 years at each bank's listed starting rate.
LIC
Bandhan
Savings: Choosing LIC saves you approximately ₹631 per month, or ₹1,51,440 in total interest over the loan tenure.
Feature Comparison
Key features offered by LIC and Bandhan for balance transfer.
| Feature | LIC | Bandhan |
|---|---|---|
| Women borrower benefit | ||
| Top-up available | ||
| Free life cover | ||
| Quick BT processing | ||
| Affordable housing BT | ||
| Quick processing | ||
| Tier-2 city focus |
Women borrower benefit
Top-up available
Free life cover
Quick BT processing
Affordable housing BT
Quick processing
Tier-2 city focus
Which Is Better — LIC or Bandhan?
It depends on your priorities. Here is a quick guide.
Choose LIC If...
- Lower starting interest rate (8.3% vs 8.5%)
- Higher max loan amount (Rs 5 Cr vs 3 Cr)
- Longer max tenure (30 yrs vs 25 yrs)
- Lower maximum rate (9.2% vs 9.35%)
Choose Bandhan If...
- Trusted brand with strong balance transfer offerings
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
Eligibility Comparison
General eligibility criteria for balance transfer at both banks.
LIC Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Bandhan Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about LIC vs Bandhan balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — LIC or Bandhan?
LIC currently shows a lower published starting rate of 8.3% p.a. for balance transfer. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum balance transfer amount I can get from LIC vs Bandhan?
LIC offers a higher maximum loan amount of up to Rs 5 Cr. LIC offers up to Rs 5 Cr while Bandhan offers up to Rs 3 Cr for balance transfer.
Which bank charges a lower processing fee for balance transfer — LIC or Bandhan?
LIC lists a processing fee of 0.50% (max Rs 10,000), while Bandhan lists 0.50%. Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose LIC or Bandhan for balance transfer in 2026?
The best choice depends on your specific needs. LIC offers rates from 8.3%–9.2% with a max tenure of 30 years, while Bandhan offers 8.5%–9.35% with 25 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a balance transfer from both LIC and Bandhan?
Money Matrix Hub can help you compare available lender information for LIC and Bandhan. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
Also Compare LIC vs Bandhan
Related Balance Transfer Comparisons
View Individual Bank Pages
Want to compare your rate with published lender information?
Send your details on WhatsApp for a lender-rate comparison. Response time and next steps vary by enquiry and lender.