Home Loan Balance Transfer Top-up for Salaried for Medical Expenses

Medical problems can arise at any time. Even though insurance helps pay for some of your medical costs, it may not cover everything, depending on your illness and treatment. As a salaried individual, you can take care of these emergencies with our top-up loan of up to Rs. 1 Crore* that comes with a balance transfer and pay it back over 40 years.



Diagnostics and lab tests can cost upwards of thousands and more. Often, critical illness necessitates continued scans over months. This may add a lot of burden on your finances. Manage these unfortunate expenses can with a top-up loan and repay over 25 years*.



Health insurance typically helps pay for hospital bills, but there are some instances where coverage does not apply. The expense could go up as you add on extras like a better hospital room, special meals, and visits to an expert nutritionist or a specialist.



After surgery, most patients often require follow-up care and therapy. The presence of the therapist and any necessary specialised equipment are prerequisites for each session. Your budget may feel the pinch if you need to book multiple sessions.



Your regular monthly household bills still need to be met while you come to terms with your unfortunate medical expenses. While your salary pays for the extra medical costs, you can manage your essential needs with a top-up loan and repay it over a suitable repayment tenure.



Without having to use any of your hard-earned savings from your salary, you can pay for full dental implants, fertility treatments like IVF, holistic treatments like acupuncture and naturopathy, weight loss procedures, and LASIK surgery, among other things.

Features and benefits of our home loan balance transfer


All you need to know about our home loan balance transfer

Watch this video to know everything about our home loan balance transfer: Features and benefits, fees and charges, eligibility criteria, and more.

  • Top-up of

    Top-up of Rs. 1 Crore*

    Using our home loan balance transfer facility, salaried professionals can avail of a top-up loan of up to Rs. 1 Crore*.

  • Low interest rates

    Low interest rates

    Benefit from our low interest rates starting at 8.45%* p.a. by refinancing your home loan. Pay EMIs as low as Rs. 805/lakh*.

  • No restrictions on top-up usage

    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 30 years*

    Tenure of up to 30 years*

    Manage your loan comfortably with our convenient repayment tenure of up to 30 years*.

  • Foreclosure facility

    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

    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

    Externally benchmarked interest rates

    You can opt for an interest rate which is linked to an external benchmark, such as the Repo Rate. This may benefit you during favourable market conditions.

  • Online account management

    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

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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

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 62 years.
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score: A CIBIL Score of 750 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.

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 01:33

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, 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 for balance transfer

8.45%* p.a.

Rate of interest for top-up loan

9.80%* to 18.00%* 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


Part-prepayment charges


Foreclosure charges


Loan statement charges

Up to Rs. 500 + GST as applicable

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

Frequently asked questions

What is a home loan balance transfer?

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 8.50%* p.a., a sizeable top-up loan of up to Rs. 1 Crore* and convenient terms.

What does a top-up loan mean?

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*.

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.

When can I apply for a home loan balance transfer?

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.

What is the maximum loan amount that can be transferred?

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.

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.

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