Home Loan EMI Calculator
Plan your instalments betterFeatures and benefits of our home loan balance transfer & top-up loan
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Top-up loan of 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. -
Tenure of up to 20 years
Manage your loan comfortably with our convenient repayment tenure of up to 30 years. -
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. -
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. -
Externally benchmarked interest rates
You can opt for a lower home loan 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.
*Terms and conditions apply
Eligibility criteria and documents required
A salaried individual can apply for our home loan balance transfer facility as long as they meet the criteria mentioned below.
Eligibility criteria
- Nationality:
You must be an Indian citizen residing in India with property in a city we operate in. - Age:
As a salaried applicant, you must be between 23 years to 65 years.
*The upper age limit is considered as the age at the time of loan maturity. - CIBIL Score:
A CIBIL Score of 725 or higher is ideal to get your home loan balance transfer approved. - Employment status:
As a salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.
Documents required
- KYC documents (identity and address proof)
- Proof of income (latest salary slips)
- Property-related documents such as the title deed of the property
- Account statements for the last 6 months
Note: This is an indicative list that may change based on your actual loan application.
How to apply for a home loan balance transfer & top-up loan
Step-by-step guide to applying for a home loan balance transfer & top-up loan
- Click on the 'APPLY' button on this page.
- Enter your full name, mobile number, your employment type, and the type of loan you wish to apply for.
- Generate and submit your OTP to verify your phone number.
- Next, choose your current home loan lender from the drop-down and enter your monthly salary and the loan amount required.
- In the next step, enter additional details like your DOB, PAN number, email Id, current EMI amount and other details.
- 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.
Applicable fees and charges on our home loan balance transfer & top-up loan
Type of fee |
Applicable charges |
Rate of interest for balance transfer |
8.70%* to 15.00%* p.a. |
Rate of interest for top-up loan |
9.80%* to 18.00%* p.a. |
Processing fees |
Up to 4% of the loan amount + GST as applicable |
Bounce charges |
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Penal charge |
Click here to know about the penal charges. |
Interest and principal statement charges |
NIL |
Part-prepayment charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.
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Foreclosure charges |
(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:
(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:
*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.
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Hard Copy Loan statement Charges |
Up to Rs. 500 + GST as applicable |
Frequently asked questions
When you transfer an existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this facility allows you to get low interest rates starting at 8.70%* p.a., a sizeable top-up loan of up to Rs. 1 crore* or higher and convenient terms.
A home loan top-up is an additional financing available when you switch your home loan to Bajaj Finserv. Transfer your current home loan to us and avail of a top-up loan of Rs. 1 crore* or higher.
The loan has no end-use limitations, which means you can use the amount for pressing needs. You can use it for needs like home renovation, interior décor, weddings, education, and even paying for emergency medical bills.
You can apply for a home loan balance transfer 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 with our home loan balance transfer facility. The loan amount sanctioned 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.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.