Refinance your existing home loan and get a top-up loan of Rs. 1 crore* or higher. With our home loan balance transfer facility, transfer your existing home loan to us and avail of additional top-up that you can use to manage expenses related to home repairs or renovations. Also, get a convenient repayment tenure of 30 years* and added benefits like minimal documentation, foreclosure facility, attractive interest rate starting at 7.30% p.a.*
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How to Apply for a Home Loan Balance Transfer in 15 mins*
Documents required to get a Bajaj Finance Home Loan
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Provide your property details to continue This helps us process your request accurately. - Check your Eligibility.
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Features and benefits of our home loan balance transfer & top-up loan
All you need to know about our home loan
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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.
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Low interest rates
With our low interest rates starting at 7.30% p.a.*, refinance your home loan and pay EMIs as low as Rs. 686/lakh*.
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No restrictions on top-up use
You can use the top-up loan for housing-related needs, such as home renovations or repairs, to enhance and maintain your living space.
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Convenient tenure
Repay the top-up loan over a long tenure of 30 years* and manage your finances comfortably.
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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.
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Minimal documentation
Balance transfer process on home loans can be lengthy. We keep our document requirements to a minimum, ensuring a hassle-free process.
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Externally benchmarked loans
Choose an interest rate linked to an external benchmark, such as the Repo Rate, and benefit during favourable market conditions.
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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
Eligibility criteria and documents required
Eligibility criteria for Home Loan Balance Transfer
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 75 years. |
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)
- Property-related documents such as the title deed of the property.
- 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 home loan balance transfer & top-up loan
Type of fee | Applicable charges | ||
Rate of interest | Salaried | Self-employed | Professionals |
7.30%* to 20%* p.a. | 7.95%* to 20%* p.a. | 7.35%* to 20%* p.a. | |
Rate of interest (Top-up Loan) | 8.30%* to 10.40%* p.a. | 9.20%* to 10.85%* p.a. | 8.40%* to 10.45%* p.a. |
Processing fees | A nominal fee is charged at the application stage to cover various loan processing costs. | ||
Bounce charges |
More than ₹ 30 Lakh and up to ₹ 50 Lakh: ₹ 500 More than ₹ 50 Lakh and up to ₹ 1 Crore: ₹ 750 More than ₹ 1 Crore and up to ₹ 1.5 Crore: ₹ 750 More than ₹ 1.5 Crore and up to ₹ 10 Crore: ₹ 3000 More than ₹ 10 Crore: ₹ 10,000 | ||
Penal charge | Click here to know about the penal charges. | ||
Interest and principal statement charges | NIL | ||
Part-prepayment charges | a. Individual borrowers with Home Loans linked to floating interest rates: NIL b. Fixed rate loans (all borrowers, including individuals)**For Term Loan: 4%* on Part Payment Amount For Flexi Dropline Loan: Nil For Flexi Hybrid Loan: Nil | ||
Foreclosure Charges | a. Individual borrowers with Home Loans linked to floating interest rates: NIL | ||
Frequently asked questions
Overview
Features
Eligibility
Application Process
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 Finance, this feature allows you to get low interest rates starting at 7.30% 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 Finance 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 is the right time to transfer your home loan?
The right time is when another lender offers a significantly lower interest rate, especially during the early tenure of your loan. It’s also beneficial if you want better repayment terms or need a top-up loan. Ensure the savings outweigh the transfer costs.
What is a home loan balance transfer?
A home loan balance transfer is the process of shifting your outstanding loan amount to another lender offering better interest rates or terms. It helps reduce EMI or overall interest payable, provided the new terms suit your financial needs.
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.
Can I transfer a home loan to another bank?
Yes, you can transfer your home loan to another bank offering better terms, subject to the new lender’s eligibility criteria and approval. This process is commonly referred to as a home loan balance transfer.
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.
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.
How many times can I do home loan balance transfer?
There’s no legal limit to how many times you can transfer your home loan. However, frequent transfers may incur additional fees, paperwork, and time. Always evaluate the long-term savings and benefits before opting for multiple transfers.
How does home loan balance transfer work?
A home loan balance transfer involves applying with a new lender, who repays your existing loan. You then repay the new lender as per their terms. Ensure to factor in transfer costs and assess the savings before proceeding.
What do our customers say about us
Amit Shiva
Reviewed on 05 Mar 2025
Smooth and transparent home loan process. The interest rates were competitive, and documentation was minimal. The team guided me clearly at every step, making my first home purchase stress-free. Highly recommended for quick approvals.
Sandeep Kulkarni
Reviewed on 25 Feb 2025
The loan disbursal was fast, and the customer support team was extremely patient with all my queries. Flexible EMIs helped me manage my monthly expenses easily. A great experience for salaried homebuyers.
Ritika Agarwal
Reviewed on 13 Apr 2025
I had a great experience while transferring my existing home loan. The process was quick, and I saved significantly with the lower interest rate. Customer service was helpful throughout. Highly recommended for balance transfers.
Manoj Verghese
Reviewed on 09 Dec 2024
Clear guidance, quick approval, and flexible repayment options made buying my new house easier than expected. The team handled everything professionally. Very satisfied and would definitely recommend their home loans.
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Disclaimer
Bajaj Finance Limited ("BFL") has sole and absolute discretion, without assigning any reason, to accept or reject any application. Where, with the customer's consent, application details are shared with BFL's business partners for exploring alternative home loan options, any application, service, product, approval, sanction or arrangement offered by such business partner shall be subject to the respective business partner's eligibility criteria, terms and conditions, privacy policy and other applicable requirements. BFL does not guarantee approval of any product or service offered by such business partner. Terms and conditions apply.