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Home Loan Balance Transfer
Save More With Attractive Interest Rates
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Salient Features
Balance Transfer & Top up
Eligibilty
Required documents
FAQs
Please Fill in the Details
1
First name*
Last name*
Male
Female
Date of birth*
Email ID*
Mobile number*
Address Line 1*
Address Line 2
City you live in*
PIN code*
Property type*
Residency Tenure*
Property Location*
Select Property Type*
Property Status*
Under construction
Ready
Approximate Property Estimation*
Employment type*
Salaried
Self-Employed
Company Name*
Net Monthly Income*
Bonus(If any)
Incentive(If any)
Work experience*
My Firm name*
Sales/Turnover*
Net Profit*
Tax Payable(If any)
Depreciation(If any)
Directors/Partners salary(If any)
Business Tenure*
Interest on existing loans(If any)
Other Income(If any)
Total EMI Per Month*
Want a top up loan?*
Yes
No
Current Home Loan Bank*
Loan Amount Sanctioned*
Outstanding Loan Amount*
Outstanding Amount and Top UP Details*
Loan Tenure*
Current rate of interest*
Adding Co-Applicant?
Yes
No
Co-applicant's relationship*
Other relationship*
Co-applicant's employment type*
Salaried
Self-Employed
Co-applicent company name*
Monthly Income*
Bonus(If any)
Incentive(If any)
Work experience*
Co-applicant's firm name*
Sales/Turnover*
Net Profit*
Tax Payable(If any)
Depreciation(If any)
Directors/Partners salary(If any)
Business tenure*
Interest on existing loans(If any)
Other Income(If any)
Total EMI per month*
- Transfer your outstanding Home Loan availed from another Bank / Financial Institution and get an additional Top Up Loan.
- Attractive interest rates that make your Home Loan affordable and easier on your pocket.
- Customised repayment options to suit your needs.
- No hidden charges.
- Low Processing Fees.
- Doorstep service.
- Integrated branch network for availing and servicing the loan anywhere in India.
Balance Transfer & Top up
Do ensure to keep your Home loan interest rates in trend with best offers in the market. Save on the interest costs on your Home Loan by switching them to the cheapest rates in the market.
Leverage the value of your property by way of Top up loan. It is a very competitive option as compared to personal / business loan in terms of Loan amount, Rate of interests and repayment tenure.
Important Features
Who Can Apply
Leverage the value of your property by way of Top up loan. It is a very competitive option as compared to personal / business loan in terms of Loan amount, Rate of interests and repayment tenure.
Important Features
- Reduce the Interest rates on your existing Home Loans by switching to a competitive Bank / NBFC with an option to avail additional Top up loan at competitive rate of interest.
- Top up loans can be used to retire other high cost debt, renovation of home,business expansion, marriage expenses, Education expenses, Purchase of movable and non movable assets.
- Multiple options: loans from multiple leading financial institutes.
- Top up amount is calculated based on current market valuation of the property. Top up amount can be as high as 70% of the market value of the property.
- Expert advisory & counseling for your home loan transfer.
- Innovative schemes.
- Doorstep assistance on your Home Loan.
- Competitive & attractive interest rates.
- Repayment options to suit your requirement which can go up-to 25 years. The term/tenure of the loan will depend on age, retirement age & profile of the applicants & co-applicants.
- he tenure of the loan is also dependent on the customer¹s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms.
- No hidden charges.
- No part pre payment charges.
- Type Of Rates Available Rate : Fixed, Semi Fixed, Variable/adjustable.
Who Can Apply
- You can apply individually or jointly for Home Loans. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally co-applicants are close family members.
Loans offered to the following type of concerns
Loans offered for the following type of Properties
Age of the guarantorAge of the guarantor (wherever personal guarantee is applicable)
- Sole Proprietorships.
- Partnerships.
- Private Limited Companies.
Loans offered for the following type of Properties
- Ready-for-occupation property.
- Approved under construction property.
- Self-construction.
- Home improvement.
Age of the guarantorAge of the guarantor (wherever personal guarantee is applicable)
- Minimum age of the guarantor to be 21 years.
- Maximum age of the guarantor to be 65 years at the time of the loan maturity.
- Sole Proprietorship.
List of Documents for Salaried Individuals
List of Documents required for Self – Employed Businessmen
List of Documents required for Self – Employed Professionals
- KYC Documents.
- Salary slip for the last 2 months / Salary Certificate.
- Latest Form 16 if salary above `20000/- per month.
- Copy of all bank pass books / bank statements for the past 3 months including front page.
- Company profile if it is a lesser known organization.
List of Documents required for Self – Employed Businessmen
- KYC Documents.
- Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant.
- Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant.
- Brief Business Profile on the Letter Head of the firm by the applicant.
- Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account.
- Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing business.
- Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable).
- Copy of Tax Deduction Certificate / Form – 16A (if applicable).
- Details of Contract (if applicable).
- Copy of Advance Tax paid / Self Assessment Tax paid challan.
List of Documents required for Self – Employed Professionals
- KYC Documents.
- Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant.
- Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant.
- Brief Business Profile on the Letter Head of the firm by the applicant.
- Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account.
- Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration.
- Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable).
- Copy of Tax Deduction Certificate / Form – 16A (if applicable).
- Details of Contract (if applicable).
- Copy of Advance Tax paid / Self Assessment Tax paid challan.
- Copy of Professional Practice Certificate.
- Salary Certificate (in case of doctors having salaried income)
- When should I consider home loan transfer?
Home loan transfer make financial sense when:- You have a loan with a rate of interest higher than current market rates.
- You have a loan with a floating rate of interest and you want to reduce risk by going in for a fixed rate of interest .
- You want to improve your cash flow by lowering your EMIs.
- When should I not transfer my home loan?
It is not advisable to transfer your home loan when:- You have been repaying the loan for a long time.
- Your current bank has a prepayment penalty.
- You are planning to move out of the property in the near future.
- Will a prepayment penalty affect my refinance?
Most banks today do not have a prepayment penalty. If your bank has it, then you can ask your new lending bank to take it into account. However, whether the bank has it or not, depends entirely on a case-to-case basis. - Should I transfer my home loan if the current rate of interest does not dip significantly? The more you stick to your current loan, the higher are the chances of the market rate of interest dipping lower thus saving you more money.
- Will the bank I transfer my home loan to consider the evaluation of my eligibility done by the previous bank? No. Any bank you transfer your present home loan to shall judge your eligibility for a loan starting from the first step, from you filing an application.
- When I transfer my home loan, will income tax deduction certificates be issued by the bank in the name of all co-applicants of the primary loan? As per Income Tax rules, only one certificate can be issued for a Home Loan hence one certificate will be issued which will have names of all the applicants.
- How much time will a bank take to transfer my loan? Because a home loan transfer process is repeated all over again by the bank the loan is transferred to, it might take 15-20 days for the loan to be transferred.
- How the valuation of my property will be determined? The value of your property will be determined by the bank offering you the loan against property.
- If my credit rating has dropped since I availed the primary loan, will it affect my loan transfer? Yes. Because the bank you transfer the loan to starts the loan approval process right from the beginning, a low credit rating will impact your chances negatively.
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*The calculated EMI is based on your total eligible loan amount.
*The eligibility amount is in Lacs.
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LOAN TENURE
PROCESSING FEE
P.F.
EMI
ROI
Eligibility(in Lacs)
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What People Say
I was thoroughly impressed with the service, and efficient time it had taken for my request, especially being a new customer.
Your Team were informative and professional at all times. This helped me to understand the whole process and I knew each step what was involved. The ease of finance from start to finish was easy and all information was handy. Finance is sometimes tricky but not with my experience using your service. Thank you for your easy steps, communication, support and assisting me in purchasing my home”.
We were offered careful and concise explanations for all questions. Asset team was very perceptive to our concerns and needs and helped us obtain the right loan package for the purchase of our first home.