ICICI Bank Home Loan Balance Transfer

ICICI Bank Home Loan Balance Transfer helps you reduce your EMIs and manage your loan effortlessly. Enjoy low ICICI home loan balance transfer interest rates starting at 8.75% p.a. and flexible tenures of up to 30 years. You can transfer loan amounts of up to ₹5 Crores, giving you more financial flexibility.

Fulfil the eligibility criteria provided below before applying:

• If you are a salaried applicant, your age must be between 23-60 years

• If you are a self-employed applicant, your age must be between 23-65 years

• The minimum net monthly income of the salaried applicant must be ₹25,000

• The minimum Profit After Tax (PAT) of the self-employed applicant must be ₹25,000 per month

• Salaried applicants must have a minimum work experience of 1 year

• Business vintage of a minimum of 2 years is required for self-employed applicants

Here is a list of documents you should keep handy when applying for the balance transfer:

• Identity Proof: Any one of the following 
  • PAN card
  • Voter ID
  • Aadhaar card

• Address Proof: Any one of the following
  • Aadhaar card
  • Passport
  • Driving licence

• Bank statements of the last 6 months
• Salary slips of the last 3 months (for salaried applicants)
• Certificate and proof of business existence (for self-employed applicants)
• Form 16 or ITR filings

To apply for this facility on Bajaj Markets, follow these simple steps listed below:

1. Click on the ‘Check Offer’ link available on this page

2. You will be directed to the digital loan application form

3. Select the type of loan you want, for example, New Home Loan, Balance Transfer, Loan Against Property, or Property Balance Transfer

4. Indicate your employment status as either a Salaried Professional or a Business Owner

5. Enter your mobile number to proceed with eligibility validation

6. Confirm acceptance of the terms of use and authorise information sharing as applicable

7. Press ‘Apply Now’ to complete and send your application

After this, an executive will contact you to further process your application.

You can conveniently track the status of your ICICI Bank Home Loan Balance Transfer application through the following channels:

• Track Application Online

1. Visit ICICI Bank’s official application tracking page
2. Navigate to Help and select Track Applications / Service Requests
3. Enter your registered mobile number and PAN
4. The current application status will be displayed

• Call Customer Care

1. Dial 1800 1018 from your registered mobile number
2. Provide the necessary application details to the representative
3. Receive real-time updates on your application status

• Visit Branch Helpdesk

1. Visit the nearest ICICI Bank branch
2. Approach the helpdesk and share your application details
3. Obtain the latest status of your application.

You can access and download your home loan balance transfer statement through the following methods:

• Call Customer Care: Dial 1800 1018 from your registered mobile number and request a copy of your statement
• Visit Branch Helpdesk: Visit the nearest ICICI Bank branch helpdesk to obtain your statement with assistance from a representative

ICICI Bank provides flexible repayment options to help you conveniently manage your home loan EMIs after a balance transfer. The available options include:

• Equated Monthly Instalments (EMI)

You pay a fixed instalment every month, which includes both the principal and interest components. This method provides consistency and helps you plan your finances with ease.

• Part Prepayment

You can make partial prepayments during the loan tenure to reduce the outstanding principal. This lowers your future EMIs or helps you save on the total interest payable over the loan term.

• Full Prepayment / Foreclosure

You have the option to repay the entire outstanding loan before the completion of the tenure. This allows you to become debt-free sooner and significantly reduce your overall interest outgo.