• FAQs

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

  1. You must be a resident of India
  2. You must be at least 21 years of age at the time loan application.
  3. You should be a salaried employee in an MNC, a private company or the public sector enterprise or a self-employed individual with a steady source of income.
  4. You must have a good CIBIL score.

The documents required to avail the facility of loan against property balance transfer (both salaried and self-employed individuals) are as follows:

  • Latest Salary Slips as income proof
  • Last 6 months’ bank account statements
  • PAN Card/Aadhaar Card
  • Address Proof
  • Copy of the documents of the property to be mortgaged
  • IT Returns

Loan Against Property Balance Transfer Application Process

You can apply for a Loan Against Property in a few steps:

  • Enter your income and personal details.
  • Get your loan eligibility instantly.
  • Choose the product of your preferred partner from the list of multiple partner offerings.
  • Fill the loan amount as per your requirement.
  • Provide details of your property.
  • Find your final loan amount along with all the charges and net disbursal amount.

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. 


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


  • Partner Name
    Key Feature
    Key Feature Description
  • 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

    1. The applicant must be the citizen of India.
    2. TThe salaried applicant’s age must be between 28 and 58 years.
    3. The self-employed applicant’s age must be between 25 and 70 years.
    4. The salaried applicant must work in an MNC, private company or public sector and self-employed individual must have a business with a steady income.
  • Bajaj Housing Finance Limited

    Documents Required

    1. Identity Proof: PAN/Voter ID/Aadhaar Card
    2. Address proof: Aadhaar Card/Passport/Driving License
    3. Bank Statements of last 3 months
    4. Salary Slips
    5. Copy of IT Returns (for Self Employed)
    6. Copy of the documents of the property to be mortgaged

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.