To the Peer-to-Peer (P2P) streaming application based on network coding, a load transfer-based node bandwidth resource balancing policy was proposed to avoid the overloaded node, which was due to random neighbor node selection and bandwidth resource requestion. When some nodes overloaded, the nodes with spare bandwidth resource could be selected as load transfer nodes to alleviate the load of overloaded peers. Through the ladder-based bandwidth allocation mechanism, the coded data required by the request nodes could be pushed to the selected load transfer nodes. The numerical simulation results show that the proposed load transfer policy can efficiently alleviate the bandwith resource consumption of overloaded nodes, and the hot area of network can be avoided.