Loan Against Property Balance Transfer Online
Loan Against Property Balance Transfer facilitates the transfer of outstanding loan amount to another financial institution at comparatively lower interest rates. This facility is one of the best ways to reducing your EMI outflow, thus helping in saving a lot of money. At Finserv MARKETS, you can avail of this facility and enjoy a completely hassle-free experience. You can transfer your balance through 100% online process and with minimal documentation.
Requirement for Online Loan Against Property Balance Transfer Application
The documents required to avail the facility of loan against property balance transfer (both salaried and self-employed individuals) are as follows:
Loan Against Property Balance Transfer Application Process
You can apply for a Loan Against Property in a few steps:
Charges for Loan Against Property Balance Transfers
There are certain charges associated with Loan Against Property Balance Transfers. The charges may vary from one financial institution to the other.
Hence, it is important to be aware of all the information regarding fees and charges.
Type |
Charges Applicable |
Interest Rate |
8.80% onwards |
Processing fees |
Usually up to 1% of the loan amount |
Foreclosure charges |
Usually 4% of outstanding loan amount + applicable taxes |
Prepayment Charges |
NIL |
Bajaj Housing Finance Limited
Interest Rate
8.75% p.a. to 10% p.a.
Bajaj Housing Finance Limited
Associated Charges
Processing Fees: Up to 0.40% of loan amount plus applicable charges
Bajaj Housing Finance Limited
Repayment tenure
Up to 360 months
Bajaj Housing Finance Limited
Eligibility Criteria
Bajaj Housing Finance Limited
Documents Required
Is CIBIL Score important for availing loan against property balance transfer?
CIBIL Score represents your ability to repay the loan. With a good CIBIL score, lenders can offer you higher loan amounts, at attractive interest rates and flexible repayment tenure.
How is the value of a property calculated?
The value of the property can be calculated in terms of the money it can bring, when sold in current market conditions.
What types of properties are accepted by lenders?
Usually residential, commercial, industrial properties are accepted by lenders.
What is the maximum loan tenure available?
The maximum loan tenure available is usually 30 years.
How many times can I avail a loan against property balance transfer?
You can transfer your balance amount as many times you need during the repayment tenure. However, you must follow the necessary steps required.
Why choose Finserv MARKETS for Loan Against Property Balance Transfer?
At Finserv MARKETS, with the Loan Against Property Balance Transfer facility, you can save on EMIs. can help you save on interest and thus reduce your EMIs. Additional benefits include smooth online process, minimal documentation, flexible repayment tenure etc.