Refinance your loan against property with us for a better interest rate of 8% to 14% (fixed or floating rate of interest) p.a. and also get a balance transfer of up to Rs. 10.50 crore* to manage additional expenses. Enjoy a convenient tenure of up to 15 years*, speedy approval, no foreclosure charges* and other benefits.
Calculate your loan against property balance transfer offer
Select Purpose of Loan
How to apply for loan against property
- Click on the 'APPLY' button on this page.
- Enter your pin code and click Proceed.
- Provide basic details like your full name and mobile number.
- 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.
- Generate and submit your OTP to verify your phone number.
- Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN number.
- Click on the ‘SUBMIT’ button.
That is it! Your loan request is submitted. Our representative will connect with you and guide you through the next steps.
Features and benefits of loan against property balance transfer
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Low interest rates
Transfer your current loan against property to us and get an attractive interest rate starting from 8% to 14% (fixed or floating rate of interest) p.a.
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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*.
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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*
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*
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.
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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.
*Terms and conditions apply
How to apply for loan against property balance transfer
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Step-by-step guide to apply for our loan against property balance transfer
- Click on the 'APPLY' button on this page.
- Enter your pin code and click Proceed.
- Provide your basic details like your full name and mobile number.
- 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.
- Generate and submit your OTP to verify your phone number.
- Enter further details like your property location, your current EMI amount/ monthly obligation, and your PAN.
- 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.
Eligibility criteria and documents required
Anyone can apply for our loan against property balance transfer as long as they meet the criteria mentioned below.
Nationality | You must be an Indian citizen residing in India with property in a city we operate in.
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Age | Minimum age: 21 years (18 years for non-financial property owners) |
CIBIL Score | A CIBIL Score of 700 or higher is ideal to get an approved loan against property |
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
- 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.
Applicable fees and charges on our loan against property balance transfer
Types of fees | Applicable charges |
Rate of interest (floating rate of interest) | 8% to 14% per annum (fixed or floating rate of Interest) |
Processing fee | Up to 3.54% of the loan amount (inclusive of applicable taxes) |
Documentation charges | Up to Rs. 2,360/- (inclusive of applicable taxes) |
Flexi fee | Term Loan – Not applicable |
Prepayment charges | Full Pre-payment
Part Pre-payment
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Annual maintenance charges | Term Loan: Not Applicable |
Bounce charges | Rs. 1,500 per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Penal charge | Penal Charge is applicable in the following scenarios: Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
a. Penal Charge: |
Stamp duty (as per respective state) | Payable as per state laws |
Mortgage origination fees | Up to Rs. 6,000/- per property (inclusive of applicable taxes)
Note - In case of re-valuation of the property then MOF will be levied again and shall be deducted from loan disbursement amount. |
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Frequently Asked Questions
Overview
Features
Eligibility
How to apply
Why should I opt for a loan against property balance transfer?
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.
Who can apply for a loan against property balance transfer?
Anyone with an existing loan against property can apply for a balance transfer with us. Choose us for low interest rates, balance transfer of 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.
What is the maximum repayment tenure for a loan against property balance transfer?
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.
Who is eligible for a loan against property balance transfer?
If you are a salaried or self-employed Indian citizen, residing in India, between the age group of 25 years to 85 years, then you are eligible.
*Terms and conditions apply
What are the usual documents required for a loan against property balance transfer?
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.
How to apply for loan against property balance transfer?
To apply for Bajaj Finance Loan Against Property Balance Transfer, go to loan against property page on Bajaj Finance website and follow the below steps:
- Click on “CHECK ELIGIBILITY” button on loan against property balance transfer page.
- Enter your 10 digit mobile number and OTP.
- Fill in the application form with your Personal Details, Business/Employment/Professional details, Property details and proceed.
- Enter your loan amount that you need, choose from our three loan variants- Flexi Term (Dropline) Loan, Flexi hybrid term loan, and Term loan.
- Choose the repayment tenure - You can select tenure option of 12 months to 180 months and click on proceed.
What our customers say about us
Dolly Singh
Reviewed on 03 Feb 2025
Switching to a Loan Against Property Balance Transfer with Bajaj Finance was a smart financial move for me. The lower interest rate and improved repayment flexibility helped reduce my monthly burden significantly. It turned out to be a cost-effective way to manage my existing loan better.
Rohit Sharma
Reviewed on 03 Feb 2025
Transferring my existing loan to Bajaj Finance made much easier. The balance transfer process was quick, with minimal documentation. The revised repayment terms aligned perfectly with my business growth plans.
Anita Desai
Reviewed on 03 Feb 2025
I opted for a Loan Against Property Balance Transfer with Bajaj Finance, and the experience was smooth. The easy process and faster approval helped me access better loan terms without any financial stress.
Karan Mehta
Reviewed on 03 Feb 2025
Moving my existing loan to Bajaj Finance helped me. The quick balance transfer process and flexible repayment options made managing finances much simpler and more efficient.
Priya Nair
Reviewed on 18 Jan 2025
Transferring loan became easier after choosing a Loan Against Property Balance Transfer with Bajaj Finance. The streamlined process and better loan terms allowed me to focus on growing my business without worrying about high EMIs. A reliable option for refinancing!
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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*.