Loan Against Property Balance Transfer for Salaried - Eligibility and Documents

Read on to know the criteria required to apply for our loan against property balance transfer.

Eligibility criteria and documents required

Any salaried individual 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: Minimum age: 25 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.
  • CIBIL Score: A CIBIL Score of 700 or higher is ideal to get an approved loan against property balance transfer.
  • 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

  • Proof of identity/ residence - Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card
  • Property-related documents (Mortgage documents, Title deed)
  • Proof of income (latest salary slips, IT Returns),
  • Proof of employment (ID card issued by employer), and
  • Account statements for the last 6 months

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

More details

As long as you fall within the eligibility age limit, you can apply for a loan against property balance transfer. To qualify for a loan against property balance transfer, you should have a CIBIL Score of 700 or above.

We provide a loan against property balance transfer in most cities in India at affordable interest rates. You can easily apply for a loan against property balance transfer if you are a salaried individual who fits the right income profile and eligibility.

Anyone between the age of 25 years* to 85 years* may apply for the balance transfer feature. After the documents you provided are verified, your final loan transfer is approved.

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

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

  1. Click on the 'APPLY' button on this page.
  2. Enter your pin code and click Proceed.
  3. Provide basic details like your full name and mobile number.
  4. Choose ‘Salaried’ as your employment status.
  5. Now select the type of loan that you wish to apply for, your net monthly income, your area pin code, and the required loan amount.
  6. Generate and submit your OTP to verify your phone number.
  7. Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
  8. Click on the ‘SUBMIT’ button.

That is it! Your balance transfer request is submitted. Our representative will connect with you and guide you through the next steps.