Features and benefits of our home loan balance transfer
Home Loan Balance Transfer - Features and benefits
Our Home Loan Balance Transfer offers a top-up loan of Rs. 1 crore. Know other benefits.
Top-up loan of Rs. 1 Crore*
Self-employed professionals can transfer their existing home loan to us and avail of a top-up loan of up to Rs. 1 Crore*
Low interest rates
Avail of low interest rates starting from 9.50%* p.a. by refinancing your loan with us.
No restrictions on top-up usage
You can use the top-up amount to pay for emergency medical bills, home renovation, wedding expenses, and other urgent needs.
Tenure of up to 20 years
Manage your loan comfortably with our long repayment tenure ranging up to 20 years.
Self-employed professionals who opt for floating interest rates can make part prepayment or foreclose the entire loan without an additional fee.
Balance transfer process on home loans can be time-consuming. We keep our document requirements to a minimum, ensuring a hassle-free process.
Externally benchmarked linked loans
You can opt for an interest rate that is linked to an external benchmark, such as the Repo Rate, and benefit during favourable market trends.
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.
*Terms and conditions apply
A home loan balance transfer is a credit option that allows you to transfer your current balance to a new lender. This choice is typically driven by the availability of better loan terms from a different lender, such as lower interest rates, longer repayment terms, lower processing fees, etc. This option is helpful in emergency situations because it can lower your EMI or the overall interest expense you must pay.
Any self-employed applicant can easily apply for our home loan balance transfer. Our application procedure is quick and easy, and you can submit a loan request in just five minutes if you are prepared with the required documentation. If you are a self-employed individual borrower with a floating interest rate, there are no prepayment penalties associated with your loan.
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