Loan Against Property Balance Transfer

Low interest rates

Transfer your current loan against property to us and get an attractive interest rate starting from 7.5% to 18% (fixed or floating rate of interest) p.a.

Balance transfer of up to Rs. 10.50 crore*

Rs. 10.50 crore*

By transferring your existing loan against property to us, you can be eligible to get a balance transfer of up to Rs. 10.50 crore*.

Speedy approval

Get a quick approval on your loan application soon after your document verification.

Tenure of up to 15 years*

15 years*

Manage your loan easily with convenient repayment tenure of up to 15 years**.

Multiple end-use options

Use the loan amount to meet your financial requirements like wedding expenses, medical emergencies, home renovation costs, and more.

No foreclosure charges*

If all borrowers and co-borrowers are individuals, loan availed on floating interest rates, and loan taken for purposes other than business use, then there will be no foreclosure/ part-prepayment charges.

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.

Eligibility criteria

• Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
• Age: Minimum age: 21 years** (18 years for non-financial property owners)
• Maximum age: 85 years** (including non-financial property owners)
  *Age of the individual applicant/co-applicant at the time of loan maturity.
  *Higher age of co-applicant may be considered up to 95 years basis 2nd generation (legal heir) meeting age norms and to be taken as co-applicant on loan structure.
• 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 - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
• If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents.
• Proof of income
• Property-related documents
• Proof of business (for self-employed applicants), and
• Account statements for the last 6 months

Step-by-step guide to apply for our loan against property balance transfer

1. Click on “CHECK ELIGIBILITY” button on this page.

2. Enter your 10 digit mobile number and OTP.

3. Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.

4. Enter your loan amount that you need, choose from our three loan variants- Flexi Term (Dropline) Loan, Flexi hybrid term loan, and Term loan.

5. Choose the repayment tenure - You can select tenure option of 12 months to 180 months and click on proceed.