Home Loan Balance Transfer Top-Up for Home Expenses

Building a new home or renovating an old one can be steep. It requires a couple of lakhs for simple a bedroom redesign or a kitchen renovation. Drawing from your savings is not a good idea as you can put these expensive repairs on a top-up loan. Our top-up loan comes with a pocket-friendly interest rate. Our home loan balance transfer top-up loan offers a sizeable amount of up to Rs. 1 Crore* with a convenient repayment tenure of 40 years.


We all wish to remodel our bedrooms, restructure living rooms, or seek similar upgrades periodically. Likewise, as your children grow up, they may demand for an independent space for themselves, which calls for a revamp of your rooms. Arranging for all this and more can cause a dent in your savings.



The interiors of your home speak of your personality and standing. You may not want to miss a personalised touch and a modern interior for your new home. With some extra finances, you can give a very special vibe to your home without compromising on your desires.



Furniture has the power to transform a space into a luxurious home. Tables, chairs, couches, curtains, and other upholstered pieces elevate both the exteriors and interiors. These possessions might cost a significant amount, but you can arrange for them easily with a top-up loan.



Maintenance of your home is a recurring expense, which can arise every 4-5 years. These costs can easily go in lakhs and upwards. With the material costs and professional fees being inflated with time, the overall expenses keep snowballing.



Transforming your home into a smart home is not just trendy but efficient and a need of modern times. If you desire a home with cutting-edge technology such as voice-controlled lighting, smart air conditioning, a tech-enabled security system, and so on, our top loan will help you meet your wants.

Features and benefits of our home loan balance transfer


How to apply for a Home Loan Balance Transfer

Watch this video to understand the complete online application process of our Home Loan Balance Transfer.

  • Top-up  loan of

    Top-up loan up to Rs. 1 Crore*

    Transfer your existing home loan to us and avail of a top-up loan of up to Rs. 1 Crore*.

  • Low interest rates

    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. 769/lakh*.

  • No restrictions on top-up use

    No restrictions on top-up use

    Use the loan amount up to Rs. 1 Crore* to manage situations like medical emergencies, home repairs, education, and any other pressing needs.

  • Convenient tenure

    Convenient tenure

    Repay the 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

Show More Show Less
Home loan balance transfer EMI calculator

Home loan balance transfer EMI calculator

Enter a few details and check your home loan balance transfer EMIs.

Eligibility criteria and documents required

Anyone 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: A salaried/ professional applicant must be between 23 years to 65 years, and a self-employed professional must be between 23 years to 75 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.
  • Occupation: salaried employee, a professional individual, and a self-employed individual.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (salary slips or P&L statement)
  • Proof of business (for self-employed applicants), and
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

Check your home loan balance transfer eligibility

Check your home loan balance transfer eligibility

Find out how much loan amount you can get.

How to apply for a home loan balance transfer

Video Image 00:37

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

  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.

Applicable fees and charges

We advise you to read about our fees and charges thoroughly before applying.

Type of fee Applicable charges
Rate of interest Salaried Self-employed Doctors
8.50%* to 15.00%* p.a. 9.50%* to 15.00%* p.a. 8.80%* to 15.00%* p.a
Processing fees Up to 7% of the loan amount
Bounce charges For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 1,000

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,500

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 2,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 5,000

For loan amounts more than Rs. 10 crores: Rs. 10,000.
Penal interest Up to 24% per annum in addition to the applicable interest rate on the overdue amount.
Secure fee Up to Rs. 10,000 + GST as applicable
Interest and principal statement charges NIL
Part-prepayment charges NIL
Foreclosure charges NIL
Hard Copy Loan Statement Charges Up to Rs. 500 per request + GST as applicable

Frequently asked questions

What is a home loan balance transfer?

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* for your urgent financial needs.

What does a top-up loan mean?

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*.

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.

When can I apply for a home loan balance transfer?

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.

What is the maximum home loan amount that can be refinanced?

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.

How long does it take to change the home loan lender?

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.

Show More Show Less