Home Loan Balance Transfer, ₹ 50 Lakh* Top-up with Home Loan Transfer

Home Loan Balance Transfer

Avail a home loan balance transfer at a lower interest rate of 8.30%*.
Get an additional top-up loan of up to Rs. 50 Lakh on transferring your existing home loan.

You can use our Home Loan Balance Transfer Calculator to compute your savings, as well as your top-up loan eligibility.

Avail top-up loan up to Rs. 50 Lakh with a Home Loan Balance Transfer Apply Now!!

Home loan balance transfer fees & charges
Type of Fees	Charges Applicable
Interest Rate	8.30%**
Processing Fees	Up to 1%
Loan Tenure	Up to 20 Years
EMIs per Lakh	Rs. 874
Interest and Principal Statement Charges	NIL
PDC Swap Charges	NIL
Penal Interest	2% per month + applicable taxes
EMI Bounce Charges*	Up to Rs. 3,000/-
Loan Statement Charges	Rs. 50

Key features a of home loan balance transfer

Foreclosure facility – Foreclose your home loan anytime you want to and save on interests.
Part-prepayment facility – Part-prepay your loan to reduce your EMIs or the loan tenor. You also get to save on the total payable interest.
Manage your account online – Digital customer portal enables you to keep track of your home loan from any place without any charges.
Customised insurance schemes – Avail insurance policy to keep your family protected from any unforeseen circumstances.

Eligibility criteria for home loan transfer

Your property must be ready to occupy or already occupied.
You must have paid more than 12 loan EMIs.
You should not have any outstanding dues on your existing home loan.

Required documents for home loan balance transfer

KYC documents
Documents	Salaried	Self-employed
Identity proof - Aadhaar, PAN, Voter ID, Driving License, NREGA card, etc.	Yes	Yes
Address proof – Aadhaar, passport, Driving License, Voter ID, etc.	Yes	Yes

Income proof
Documents	Salaried	Self-employed
Latest salary slips or Form 16	Yes	No
Bank account statement of the previous 6 months	Yes	No
Income tax returns of the last year	No	Yes
Balance sheet and profit & loss account statement of the previous year	No	Yes
Registration certificate of the business	No	Yes

How to apply for home loan balance transfer

1

Step 1: Fill in your personal details
2

Step 2: Fill in your financial details
3

Step 3: Fill in your employment details
4

Step 4: Fill in your existing property details
5

Step 5: View your loan offer
6

Step 6: Submit your property details
7

Step 7: Pay the secure fee online
8

Step 8: Upload your documents

Home loan balance transfer FAQs

What are the benefits of transferring a home loan?

The primary benefit of home loan balance transfer is a lower rate of interest. The facility thus reduces your monthly instalments.

Also, you get to avail a high-value top-up loan up to Rs. 50 Lakh.

Is refinancing home a good idea?

Yes, it is beneficial. Refinancing your home loan helps you save on high rate of interest. Additionally, you can avail low home loan interest rate that your current lender does not offer.

Does refinancing hurt your credit score?

No. Refinancing your home loan will not lower your credit score.

How long does it take to switch a lender?

It usually takes around 5 to 10 days to switch lenders. You can apply for a Home Loan Balance Transfer from Bajaj Finserv’s official website.

Provide your personal details, financial data, employment details, and existing property information to view your loan offer.

Next, you have to submit your property details, pay the secure fee, and upload the relevant documents to apply for the transfer.

What is the maximum amount that can be transferred?

There is no maximum amount that you can transfer. Your entire home loan outstanding balance gets transferred to the new lender.

Can I get a top-up loan at the time of balance transfer?

Yes. Bajaj Finserv provides a high-value top-up loan of Rs. 50 Lakh when you avail the balance transfer facility.

Can the repayment period be extended at the time of transfer?

Yes. The repayment tenor can be extended up to a maximum period of 20 years. Do note that at the end of your home loan tenor, your age must not exceed 62 if you are salaried or 70 if you are self-employed.