Features and benefits of our home loan balance transfer & top-up loan

Read on to know why our home loan balance transfer & top-up loan is a great option.

Features and benefits of our home loan balance transfer & top-up loan

Features and benefits of our home loan balance transfer & top-up plan 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 of

    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 Rs. 1 crore* or higher, based on your eligibility.

  • Low interest rates

    Low interest rates

    With our low interest rates starting at 8.70%* p.a., refinance your home loan and pay EMIs as low as Rs. 819/lakh*.

  • No restrictions on top-up use

    No restrictions on top-up use

    Use the loan amount of Rs. 1 crore* or higher, based on your eligibility, to manage situations like medical emergencies, home repairs, education, and any other pressing needs.

  • Convenient tenure

    Convenient tenure

    Repay the top-up home loan over a long tenure of up to 30 years* and manage your finances comfortably.

  • Foreclosure facility

    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

    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

    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

    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

    The process of moving the remaining balance on a home loan from one lender to another is called a home loan balance transfer. One chooses to transfer their loan to take advantage of reduced interest rates or more favourable terms. If you choose to opt for a loan transfer with Bajaj Finserv, your outstanding loan amount with your previous lender is cleared and you will then have to repay your loan with Bajaj Finserv.

    Our home loan balance transfer comes with a host of benefits like competitive interest rates, flexible repayment tenure, and numerous other advantages.

    It does not matter if you are a self-employed person, a doctor, or a hired professional, we make it simple for each individual borrower to submit an application for our home loan balance transfer. If you have all of the necessary paperwork on hand, you may complete our quick and easy application process to make a request for refinancing your loan in as little as 5 minutes.

    There is also the choice of prepayment and foreclosure. There are no fees associated with prepaying a loan if you are a single borrower with a variable interest rate. This can be done without incurring any additional costs.

    Still haven’t found what you are looking for? Click on any of the links at the top of this page.

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How to apply for a home loan balance transfer & top-up loan

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Step-by-step guide to applying for a home loan balance transfer & top-up loan

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, your employment type, and the type of loan you wish to apply for.
  3. Generate and submit your OTP to verify your phone number.
  4. Next, choose your current home loan lender from the drop-down and enter your monthly salary and the loan amount required.
  5. In the next step, enter additional details like your DOB, PAN number, email Id, current EMI amount and other details.
  6. Finally, click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you to guide you through the next steps.