VISA AND FLIGHTS
The cost of visas, insurance, and flights collectively are a major chunk of expenditures if you opt for higher education in a foreign country. Such overheads are difficult to factor in at first and rarely covered under an education loan.
COURSE FEE
Opting for an additional course or an elective subject for more credits could mean a sudden expense. While education loans cover the cost of tuition fees, such extra costs are unaccounted for. The top-up loan on your home loan balance transfer will let you take care of your ambitions without being worried about the resources.
LIVING EXPENSES
Rent is merely the tip of the iceberg. Groceries, commuting, gadgets, high-speed internet, and other purchases all contribute to your total expenditure. These could be expensive and difficult to manage without an added loan.
Features and benefits of our home loan balance transfer & top-up loan
00:38
Features and benefits of our home loan balance transfer & top-up plan
Here is everything you need to know about our home loan balance transfer & top-up loan
-
Top-up loan up to Rs. 1 crore* or higher
Transfer your existing home loan to us and avail of a top-up loan of up to Rs. 1 crore* or higher.
-
Low interest rates
With our low interest rates starting at 8.50%* p.a., refinance your home loan and pay EMIs as low as Rs. 819/lakh*.
-
No restrictions on top-up use
Use the loan amount up to Rs. 1 crore* or higher to manage situations like medical emergencies, home repairs, education, and any other pressing needs.
-
Convenient tenure
Repay the top-up home loan over a long tenure of up to 25 years* and manage your finances comfortably.
-
Foreclosure facility
Individual borrowers with a floating rate of interest can make a part prepayment or foreclose the entire loan without paying an additional fee.
-
Minimal documentation
Balance transfer process on home loans can be lengthy. We keep our document requirements to a minimum, ensuring a hassle-free process.
-
Externally benchmarked loans
Choose an interest rate linked to an external benchmark, such as the Repo Rate, and benefit during favourable market conditions.
-
Online account management
You can easily access your loan status and EMI schedule online, and download your statement of account, and other documents on our customer portal - My Account.
-
*Terms and conditions apply
Home loan balance transfer & top-up loan EMI calculator
Enter a few details and check your home loan balance transfer & top-up loan EMIs.
Check your home loan balance transfer & top-up loan eligibility
Find out how much loan amount you can get.
How to apply for a home loan balance transfer & top-up loan
00:37
Frequently asked questions
When you transfer your existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this feature allows you to get low interest rates starting at 8.50%* p.a.. more convenient terms, and a sizeable top-up loan up to Rs. 1 crore* or higher for your urgent financial needs.
A home loan top-up is additional financing available when you transfer your home loan to another financial institution. Refinance your current home loan with Bajaj Finserv and avail of a top-up loan up to Rs. 1 crore* or higher.
The top-up amount has no limitations on its usage which means, you can use the amount for anything, from the home renovation or interiors to even paying for emergency medical bills or a wedding.
You can apply for a home loan balance transfer any time after paying off 6 monthly instalments to your current lender. When applying, you must not have outstanding dues on your present loan.
There is no limit on the amount when transferring the home loan balance. The loan amount granted to you is based on your income profile, CIBIL Score, and the value of your home.
Typically, switching to a lender via a home loan balance transfer takes 5 to 10 days. This duration is also affected by how fast you receive the foreclosure letter and other documents from your current lender.
