Truhome Finance Home Loan Balance Transfer

Apply for a Truhome Finance Home Loan Balance Transfer and save on EMIs. The interest rates start from just 11.50% p.a., and you can repay the amount conveniently over a tenure of 25 years. Enjoy perks like a simple transfer process, minimal documentation, and zero hidden charges.

Here are the interest rates you need to be aware of before opting for the Truhome Finance Home Loan Balance Transfer facility:

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

Other Truhome Finance Home Loan Balance Transfer charges are applied in addition to interest rates. These include:

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

Meet the following eligibility criteria to enjoy a hassle-free application process:

• You must be a salaried individual or a self-employed professional/non-professional. A non-individual entity can also apply.

• You must be at least 24 years old when applying and no older than 70 years old at the time of maturity

• Your monthly income must be more than ₹30,000

• If you are a salaried individual, you need to have a minimum work experience of 2 years

• If you are self-employed, your business vintage must be at least 3 years

Here is the list of the documents required for Truhome Finance Home Loan Balance Transfer:

Basic Documents

• Completed Loan Application
• ID proof such as PAN card, Aadhaar card, passport, voter ID, etc.
• Address proof such as a ration card, Aadhaar card, passport, etc. 

Income Documents

Salaried Individuals:

• Form 16
• Certified letter from the Employer
• Updated 6 months’ bank statement
• Pay slips for the last 2 months, Increment or Promotion letter
• Investment proofs (like fixed deposits, shares, etc.)
• I-T returns (for 3 years)
• Passport-size photographs

Self-Employed Individuals:

• Updated 6 months bank statement
• A brief introduction of his or her profession/business
• Income tax returns for the last 3 years and the computation of income. These must be duly attested by a Chartered Accountant.
• Balance Sheet and Profit & Loss account for the last 2 years of the firm. These should be duly attested by a Chartered Accountant 

Property Documents:

• Sale deed, agreement of sale with the builder (original copy)
• Land and building tax-paid receipts
• Location sketch of the property certified by the revenue authorities
• Possession certificate
• An approved copy of the building plan 
• Original receipts of the advance payments that are made towards the purchase of a flat

The list of documents required is not exhaustive. Kindly refer to the official website for the complete list of accepted documents.

Here are some simple steps to follow to apply for a Truhome Finance Home Loan Balance Transfer on Bajaj Markets: 

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

2. You will be directed to the online application form

3. Choose the loan type you want to apply for, such as New Home Loan, Balance Transfer, Loan Against Property, or Property Balance Transfer

4. Select your occupation category, either Salaried or Self-Employed

5. Enter your mobile number to proceed with the eligibility check

6. Accept the terms and conditions and allow your details to be shared as required

7. Press the ‘Apply Now’ button to complete and submit your application

After this, a representative will contact you for further proceedings.

You can easily track the status of your Truhome Finance Home Loan Balance Transfer application online through the official portal. You can follow these steps: 

1. Visit the official website and go to the ‘Resources’ section

2. Select ‘Track Your Application’ from the dropdown menu

3. Enter your registered mobile number and Application ID in the given fields

4. Click ‘Get OTP’, input the code received, and complete verification

5. Once verified, the system will display the current status of your home loan balance transfer application

Truhome Finance provides two simple ways to access its loan statement. It is either through the Service Request option on the website or directly via the Truhome Finance Mobile App. 

Via Service Request 

1. Visit the official Truhome Finance website and click on the ‘Service Request’ button located on the right-hand side

2. Fill in your Name, Email ID, and Mobile Number in the form

3. Enter your Loan Account Number and select your State and City from the dropdown menus

4. From the Category dropdown, choose ‘Account Statement/List of Documents/Repayment Schedule’

5. Specify in the Feedback/Suggestions box that you require your loan statement for a particular period

6. Upload any supporting documents, if applicable

7. Accept the Terms and Conditions and click ‘Submit’ to complete your request 

Via the Truhome Finance App

1. Download and install the Truhome Finance App from the Google Play Store or Apple App Store

2. Log in using your registered credentials (mobile number or email) with OTP or password

3. Go to the section with your loan details and find the option for statements

4. Choose the download option to generate and save your statement

Truhome Finance offers convenient repayment methods for Home Loan Balance Transfer, allowing flexible repayments. These include: 

• EMI Payments

You repay your loan through equated monthly instalments (EMIs). These fixed payments spread your loan cost over time, helping you manage expenses smoothly while steadily reducing your balance. By planning EMIs according to your budget, you can avoid financial strain and stay on track with your repayment schedule.

• Prepayment and Foreclosure

Truhome Finance also allows you to prepay or foreclose your loan before the scheduled tenure. Prepayment lets you make lump-sum contributions toward the outstanding principal, reducing future interest costs. Foreclosure, on the other hand, enables complete repayment of the loan, helping you save substantially on overall interest.