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Home Loan Balance Transfer

Interest rates starting 8.50%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 25 years*
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All you need to know about our home loan
 
 
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Trusted by 3 lakh+ customers

Home Loan Balance Transfer
Interest rates starting 8.50%* p.a. | Loan up to Rs. 15 cr* | Tenure up to 25 years*
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Approval in 48 hours*
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Top-up loan up to ₹ 1 crore*
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No restriction on use of top-up loan
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Foreclosure facility
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Benefit from low EMIs
HL_PDP_01_Quick_Disbursal
Approval in 48 hours*
HL_PDP_02_Rupee
Top-up loan up to ₹ 1 crore*
HL_PDP_04_NoRestriction
No restriction on use of top-up loan
HL_PDP_06_ForeClosure
Foreclosure facility
HL_PDP_05_LowEMI
Benefit from low EMIs
Home Loan EMI Calculator

Home Loan EMI Calculator

Plan your instalments better

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

  • Top-up loan of Rs. 1 crore* or higher

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

  • 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

    Use the top-up loan amount of Rs. 1 crore* or higher to manage situations like medical emergencies, home repairs, education, and any other pressing needs.

  • Convenient tenure

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

  • 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

    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

    Choose an interest rate linked to an external benchmark, such as the Repo Rate, and benefit during favourable market conditions.

  • Online account management

    You can easily check your loan status, EMI schedule, and download your statement of account, and other documents on our customer portal - My Account.
*Terms and conditions apply
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Eligibility criteria and documents required

Anyone can apply for our home loan balance transfer & top-up loan 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 70 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.

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

  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 on our home loan balance transfer & top-up loan

Type of fee Applicable charges
Rate of interest Salaried Self-employed Doctors
8.70%* to 15.00%* p.a. 9.50%* to 15.00%* p.a. 9.50%* to 15.00%* p.a.
Rate of interest (Top-up Loan) 9.80%* to 18.00%* p.a. 10.00% to 18% p.a. 10.00% to 18% p.a.
Processing fees Up to 4% of the loan amount + GST as applicable
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. 500

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

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

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. 3,000

For loan amounts more than Rs. 10 crores: Rs. 10,000.
Penal charge
 Click here to know about the penal charges.
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 & top-up loan?

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 8.70%* p.a.. more convenient terms, and a sizeable top-up loan of Rs. 1 crore* or higher 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 of Rs. 1 crore* or higher.

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 & top-up loan?

You can apply for a home loan balance transfer & top-up loan 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, changing 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*.