Loan Against Property Balance Transfer Application Form: Apply for LAPBT Loan At Finserv MARKETS

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.

Our Lending Partners:

Bajaj Housing Finance Limited (BHFL)
Home First Finance Company (HFFC)
Punjab National Bank Housing Finance (PNB HFC)

Requirement for Online Loan Against Property Balance Transfer Application

You must be a resident of India
You must be at least 21 years of age at the time loan application.
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.
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.

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

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
PNB Housing Finance

Interest Rate

9.50% p.a. – 10.15% p.a. (for both salaried and self-employed applicants)
PNB Housing Finance

Associated Charges

Processing Fee: 1% of the loan amount
PNB Housing Finance

Repayment tenure
- Up to 180 months (for salaried applicants)
- Up to 300 months (for self-employed applicants)
PNB Housing Finance

Eligibility Criteria
1. The age of applicant (salaried or self-employed) must be between 21-70 years.
2. The minimum monthly income of the applicant must be Rs. 18,000.
3. Salaried applicants must have a work experience of at least 3 years and self-employed applicants must have a total business vintage of minimum 5 years.
PNB Housing Finance

Documents Required
1. Identity Proof: PAN/Voter ID/Aadhaar Card
2. Address proof: Aadhaar Card/Passport/Driving License
3. Latest Degree to validate educational qualification
4. Salary slips of last 3 months (applicable for salaried applicants)
5. Certificate & Proof of business existence (applicable for self-employed applicants)
6. Form 16 for the last 2 financial years (applicable for salaried applicants)
7. ITR for the last 3 financial years (applicable for self-employed applicants)
8. Self-attested photocopy of the Title Documents of the Property and Approved Plan

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.