BALANCE TRANSFER
Transfer Your Balance, Reclaim Your Peace.
Why choose us for Balance Transfer?
"Low Interest Rates"
Affordable rates that make owning a home easier.
"Flexible Tenure Options"
Choose repayment terms that fit your financial plan.
"Quick Approvals"
Quick approvals with simple documentation
"Additional Top-Up Loans"
Get access to extra funds if needed.
Interest Rate
STARTING FROM
8.7%*
On Balance transfer of Home Loan, Commercial Purchase and Loan Against Property.
Estimate Your Savings with Our Balance Transfer EMI Calculator
Balance Transfer Eligibility
Here are the necessary eligibility requirements for securing a mortgage loan:
- Age: The age of the applicant should be between 21 to 65 years or retirement age.
- Employment Type: Both salaried and self-employed individuals are eligible.
- Credit Score: A good credit score 750+ is usually required for eligibility.
- Citizenship: Applicants must be Indian residents.
- Income Stability: Lenders assess the applicant’s income stability and may require proof of steady income for loan approval.
- Payment History: Existing loan with a payment history of at least 12 months.
- Property documents: Documents of the required Balance Transfer [ Home Loan, Commercial Purchase or Loan Against Property. ]
" Discover with Clear Classification "
💼 Self-Employed Professional
- Doctor [MBBS, BDA],
- Lawyer [High Court, Supreme Court],
- Chartered Accountant,
- Architect Engineer.
🏬 Self Employed Non-Professional
- Service Provider,
- Trader,
- Manufacturing,
- Retailer.
💻 Salaried Category
- IT Professional,
- Government Employee,
- Corporate Employee,
- Teacher,
- Accountant.
Documents Categorized for your convenience
Self Employed Professional [SEP]
Self Employed Non-Professional [SENP]
Salaried Category
Loan Disbursement
> Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.
> For purchase of house/ flat from an individual on resale, the loan amount will be paid in lump-sum to the seller at the time of transfer after confirming that the customer has paid his own contribution.
> For commercial property under construction, the loan amount will be disbursed in stages based on the progress of construction.
> A customer has to invest his proportionate share of the cost, prior to disbursement of loan. The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.
Loan Repayment
Loan repayment is in Equated Monthly Installments [EMI] comprising of principal and interest through Post Dated Cheques or Electronic Clearance System over a maximum period of Loan Tenure.
