A loan for all your goals
Features and benefits of our loan against property balance transfer
All you need to know about our loan against property balance transfer
Watch this video to know everything about our loan against property balance transfer: Features and benefits, fees and charges, eligibility criteria, and more.
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Low interest rates
Transfer your current loan against property to us and get an attractive interest rate starting from 9% to 14% (Floating rate of Interest) p.a.
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Top-up loan of up to Rs. 10.50 Crore*
By transferring your existing loan against property to us, you can be eligible to get a top-up loan of up to Rs. 10.50 Crore*
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Speedy approval
Get a quick approval on your loan application soon after your document verification.
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Tenure of up to 15 years*
Manage your loan easily with convenient repayment tenure of up to 15 years*.
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Multiple end-use options
Use the loan amount to meet your financial requirements like wedding expenses, medical emergencies, home renovation costs, and more.
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No foreclosure charges*
As an individual borrower with a floating rate of interest, you can make a part prepayment or foreclose the loan without an additional charge.
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Externally benchmarked interest rates
You can opt for an interest rate which is linked to an external benchmark, such as the Repo Rate, and benefit from a transparent interest rate process and favourable market conditions.
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*Terms and conditions apply.
Loan against property EMI calculator
Enter a few details and check your loan against property EMIs.
Eligibility criteria and documents required
Anyone can apply for our loan against property balance transfer 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: The minimum age of the applicant must be 25 years* (18 years for non-financial property owners)
* Age at the loan application of the individual applicant/ Co-applicant.
The maximum age of the applicant must be 70 years* (80 years for non-financial property owners)
* Age at the loan maturity of the individual applicant/ Co-applicant.
- CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property balance transfer.
- Occupation: Salaried, self-employed professionals like doctors, and self-employed non-professionals are eligible to apply.
Documents required:
- Proof of identity/ residence
- Proof of income
- Property-related documents
- 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 loan against property balance transfer eligibility
Find out how much loan amount you can get.
Applicable fees and charges
We advise you to read about our fees and charges thoroughly before applying.
Type of fee |
Applicable charges |
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Rate of interest (p.a.) |
Salaried |
Self-employed |
Doctors |
9% to 14% (Floating rate of Interest) |
9% to 14% (Floating rate of Interest) |
9% to 14% (Floating rate of Interest) |
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Processing fees |
Up to 3.54% of the loan amount (inclusive of applicable taxes) |
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Document Processing Charges |
Up to Rs. 2,360/- (inclusive of applicable taxes) |
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Flexi Fee | Term Loan - Not applicable Flexi Variant - Not applicable |
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Pre-payment Charges |
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Annual Maintenance Charges |
Term Loan: Not Applicable Flexi Term Loan (Flexi Dropline): Not applicable Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan Tenure. Not applicable for subsequent Loan Tenure. |
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Bounce Charges |
Rs. 1500 per bounce |
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Penal Interest |
Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment. |
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Stamp Duty | Payable as per state laws and deducted upfront from the loan amount | ||
Mandate Rejection Charges | Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered | ||
Broken Period Interest/ Pre-EMI Interest | "Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are): Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest: Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the loan, Interest on first instalment will be charged for actual number of days |
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Mortgage Origination Fees | Rs. 3000/- | ||
Property Insight (if availed) |
Rs. 6999/- (inclusive of applicable taxes) |
Frequently asked questions
Anyone with an existing loan against property can apply for a balance transfer with us. Choose us for low interest rates, top-up loan up to Rs. 10.50 Crore*, and convenient repayment tenure.
Your age, employment status, and city of residence are some of the key standards that you should meet for loan approval.
If you are an Indian citizen, residing in India, between the age group of 25 years to 70 years, or a 25 years* to 70 years* old self-employed Indian, then you are eligible.
*Terms and conditions apply
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.
You are advised to opt for a balance transfer for loan against property when your current loan against property terms are no longer feasible to you. By transferring your loan against property balance to a us, you can be eligible for more affordable interest rates, top-up loan, and also enjoy privileges to revisit your repayment tenure, and more.
When applying for a loan against property balance transfer, you will need a few of the following documents along with the term documents from previous lender:
- Proof of identity/ residence
- Proof of income
- Property-related documents
- Proof of business (for self-employed applicants), and
- Account statements for the last 6 months
These documents will help us verify your profile, the property you have mortgaged, and the loan terms.