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Apply for an ICICI Bank Home Loan Balance Transfer at Bajaj Markets — interest starting from 8.75% p.a., a max loan of 5 Crores, with tenure up to 30 years.
ICICI Bank Home Loan Balance Transfer helps you reduce your EMIs and manage your loan effortlessly. Enjoy low 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.
Here are the key details of ICICI Bank Home Loan Balance Transfer, including interest rates, eligible loan amounts, and maximum tenure:
| Particulars | Details |
|---|---|
Interest Rate |
8.75% p.a. onwards |
Maximum Loan Amount |
Up to 5 Crores |
Maximum Repayment Tenure |
up to 30 years |
Prepayment Charges |
2% + GST on fixed-rate loans |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Apart from the ICICI Bank Home Loan Balance Transfer interest rate, additional fees and charges may apply when transferring your home loan.
Here is an overview of these charges:
| Particulars | Details |
|---|---|
Processing Fees |
NIL |
Administrative Charges |
₹5,000 + GST or 0.25% of the loan amount + GST, (whichever is lower) |
Part Prepayment Fees |
NIL |
Penal Charges for Default or Delay in Payment |
5% p.a. on the overdue amount |
Cheque/ECS/NACH Dishonour Charges |
₹500 per transaction |
Cheque/Repayment Mode Swap Charges |
₹500 per instance |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Here are some of the key features and benefits of ICICI Bank Home Loan Balance Transfer:
Attractive Interest Rates
With a good credit score, enjoy an affordable ICICI Bank Home Loan Balance Transfer interest rate starting from just 8.75% p.a.
Flexible Tenures
Repay your home loan over extended tenures up to 30 years with a balance transfer
Easy Documentation
The online balance transfer process makes the documentation simple and hassle-free
No Hidden Charges
Enjoy complete transparency by not having to pay any hidden charge
Top-up Loan
Get a top-up loan on your existing home loan to meet additional financial needs
Fulfil the eligibility criteria provided below before applying:
| Eligibility Parameter | Salaried Applicants | Self‑Employed Applicants |
|---|---|---|
Eligible Age |
23 to 60 years |
23 to 65 years |
Minimum Monthly Income / PAT |
Net monthly income of at least ₹25,000 |
Profit After Tax (PAT) of at least ₹25,000 per month |
Work Experience / Business Vintage |
Minimum 1 year of work experience |
Minimum 2 years of business vintage |
Here is a list of documents you should keep handy when applying for the balance transfer:
| Document Type | Salaried Applicants | Self‑Employed Applicants |
|---|---|---|
Identity Proof |
PAN card / Voter ID / Aadhaar card |
PAN card / Voter ID / Aadhaar card |
Address Proof |
Aadhaar card / Passport / Driving licence |
Aadhaar card / Passport / Driving licence |
Bank Statements |
Last 6 months |
Last 6 months |
Income Proof |
Salary slips of the last 3 months |
Certificate and proof of business existence |
Tax Documents |
Form 16 |
ITR filings |
To apply for this facility on Bajaj Markets, follow these simple steps listed below:
Click on the ‘Check Offer’ link available on this page
You will be directed to the digital loan application form
Select the type of loan you want, for example, New Home Loan, Balance Transfer, Loan Against Property, or Property Balance Transfer
Indicate your employment status as either a Salaried Professional or a Business Owner
Enter your mobile number to proceed with eligibility validation
Confirm acceptance of the terms of use and authorise information sharing as applicable
Press ‘Apply Now’ to complete and send your application
After this, an executive will contact you to further process your application.
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.
You can reach ICICI Bank’s customer support team for assistance with home loan balance transfer queries at any time. The bank offers multiple contact options for quick and convenient support.
Here are the details:
| Support Channel | Details |
|---|---|
Customer Care Number |
1800 1080 (Toll‑free) |
Email ID |
customer.care@icicibank.com |
Availability |
24/7 support from anywhere in India |
For faster resolution, keep your loan or application details handy when contacting customer support.
When you opt for a balance transfer, you may need to pay transfer fees, and administrative charges. Make sure to check these with the lender prior to applying for the facility.
The transfer process typically takes a few days, depending on the verification of documents and approval timelines.
Yes, you can transfer your home loan balance to ICICI Bank even if the property is still under construction.
Yes, ICICI Bank offers the option of a top-up loan along with your balance transfer. This allows you to access additional funds while transferring your existing loan.
You can transfer your home loan balance up to a maximum of 5 Crores, subject to eligibility and property valuation.
ICICI Bank provides interest rate concessions for women borrowers, which may also apply to balance transfers. These concessions are more commonly available for new home loans or joint applications. Please check with the bank for the latest applicable offers before applying.
Yes, you can transfer your loan even if your current agreement includes a foreclosure or prepayment clause. However, you may need to settle applicable charges with your existing lender before initiating the transfer.
No, ICICI Bank does not provide an EMI holiday or moratorium period as part of the balance transfer facility.
The transfer may cause a minor short-term dip in your credit score due to a hard inquiry. However, consistent and timely repayment of the new loan can improve your score over time.
Yes, you can transfer your home loan balance from ICICI Bank to another lender if you find better interest rates or terms.
You can download or request your ICICI Bank Home Loan Balance Transfer statement using the following options:
Call Customer Care: Dial 1800 1018 from your registered mobile number and request the statement.
Visit Branch Helpdesk: Visit the nearest ICICI Bank branch and approach the helpdesk for assistance.
Ensure you carry your loan details or identity proof for verification.
You can track the status of your ICICI Bank Home Loan Balance Transfer application through these channels:
Track Application Online
Visit ICICI Bank’s official application tracking page
Navigate to Help and select Track Applications / Service Requests
Enter your registered mobile number and PAN to view the current status
Call Customer Care
Dial 1800 1018 from your registered mobile number
Share your application details to receive real‑time updates
Visit Branch Helpdesk
Visit the nearest ICICI Bank branch
Share your application details with the helpdesk team to check the status
You can use the balance transfer calculator by entering your existing loan balance, interest rate, remaining tenure, and the new offered rate. The calculator provides an estimate of potential interest savings. The results are indicative and may not include applicable fees.
No. All applicable fees and charges are transparently communicated by the bank before loan confirmation. You are advised to review the sanction letter and terms carefully before proceeding.
Approval usually depends on factors such as your credit profile, repayment history, income stability, outstanding loan amount, and property eligibility. Final approval is subject to the bank’s internal assessment and lending policies.
The minimum outstanding loan amount required for a balance transfer may vary based on the bank’s policies and borrower profile. You should confirm the exact requirement directly with ICICI Bank before applying.
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