Features and benefits of our home loan balance transfer & top-up loan
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All you need to know about our home loan balance transfer
Watch this video to know everything about our home loan balance transfer: Features and benefits, fees and charges, eligibility criteria, and more.
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Top-up of up to Rs. 1 crore* or higher
Using our home loan balance transfer facility, salaried professionals can avail of a top-up loan of up to Rs. 1 crore* or higher.
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Low interest rates
Benefit from our low interest rates starting at 8.70%* p.a. by refinancing your home loan. Pay EMIs as low as Rs. 819/lakh*.
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No restrictions on top-up usage
You can use the top-up amount for medical emergencies, home renovation, wedding expenses, higher education and similar urgent needs.
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Tenure of up to 25 years*
Manage your loan comfortably with our convenient repayment tenure of up to 25 years*.
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Foreclosure facility
Salaried professionals who opt for floating interest rates can make a part prepayment or foreclose the entire loan without a paying an additional fee.
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Minimal documentation
The balance transfer process on home loans can be time-consuming. We keep our document requirements to a minimum, ensuring a hassle-free process.
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Externally benchmarked interest rates
You can opt for an interest rate which is linked to an external benchmark, such as the Repo Rate. This may benefit you during favourable market conditions.
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Online account management
You can access your loan status and EMI schedule online, and download your statement of account, and other documents on our customer portal - My Account.
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*Terms and conditions apply
For most people, owning a home represents a significant life achievement. A home loan balance transfer involves moving an existing mortgage to a new lender with better terms and a cheaper interest rate.
When you transfers a balance, the full amount of the loan that is still owed is transferred to the new lender, and the old account is closed after the new lender pays the old lender the remaining debt. The borrower will benefit from a reduction in both the cost of interest on a home loan and the monthly instalments or EMIs, thanks to the new rate of interest.
Our home loan balance transfer is easily available to anyone with a salary. Our application process is quick and simple, and you can submit a loan request in just a few minutes if you have the necessary papers on hand.
Prepayment and foreclosure are two other free facilities. If you are a salaried individual borrower with a flexible interest rate, there are no costs for paying off your loan early.
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How to apply for a home loan balance transfer & top-up loan
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