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Transfer your loan against property to Sammaan Finserve with a loan amount up to ₹10 Crores at lower interest rates with flexible repayment options on Bajaj Markets.
Transfer the balance of your existing loan against property to Sammaan Finserve on Bajaj Markets. Benefit from extended repayment tenures ranging up to 12 years and low interest rates starting at 9.75% p.a.
You can also enjoy additional perks such as an easy online transfer process, simple eligibility criteria, and a convenient documentation process.
The table below highlights the rate of interest and charges for the Sammaan Finserve Loan Against Property Balance Transfer that you need to know:
| Particulars | Details |
|---|---|
Rate of Interest |
9.75% p.a. onwards |
Processing Charges |
Up to 1.5% + GST |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Apart from the interest rate, you may need to pay other charges when transferring your loan to Sammaan Finserve. Take a look at some of these fees:
| Particulars | Details |
|---|---|
Transaction Handling Charges |
₹1,500 |
Penal Charges |
24% per annum on overdue EMI amount |
Database Admin Fee |
₹650 |
Foreclosure Statement Charges |
₹500 (NIL once per quarter) |
Cheque/NACH/ or EMI Non-Payment Charges |
₹750 per instance |
Prepayment Charge |
NIL for floating interest rate |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Sammaan Finserve Loan Against Property Balance Transfer interest rates start from 9.75% p.a. This rate helps you lower your EMI and manage repayment more comfortably.
With the balance transfer facility, you can benefit from extended repayment tenures ranging up to 12 years. This allows you to choose a repayment plan that aligns with your financial goals.
Enjoy quick and convenient balance transfers with the digitised application process on Bajaj Markets. The streamlined system ensures faster approvals with minimal delays.
Submit the specified documents online with ease and avoid the hassles of extensive paperwork. This reduces processing time and makes the transfer process more convenient.
To apply for a balance transfer to this lender, you need to meet the following eligibility parameters:
Self-employed individuals, partnership firms, and MSMEs can apply for this facility
You must fall under the age group of 23 to 70 years
You must have a CIBIL score of 675 or above
Make sure to keep the following documents handy to simplify the application process:
-Sale Deed
-All other documents (as mentioned in the List of Documents letter) mortgaged with the current lender
-For Self-employed Applicants: ITR for the last 2 years, financial statements, and bank statements
-For Salaried Applicants: Duly attested income documents, Form 16, Form 26AS, and bank statements
Here are some simple steps you can follow to apply online for Sammaan Finserve LAP balance transfer on Bajaj Markets:
Click the ‘Check Offer’ button on this page
You will be redirected to the online loan application form
Choose ‘Loan Against Property Balance Transfer’ from the drop-down list
Specify whether you are a Salaried Professional or a Business Owner
Provide your mobile number to validate eligibility
Agree to the terms of use and permit information sharing as required
Select ‘Apply Now’ to finalise and submit your application
Following this, an executive will reach out to you for further proceedings.
You can easily track the status of your balance transfer to Sammaan Finserve. Here’s how:
You can easily access your loan statement for Sammaan Finserve Loan Against Property Balance Transfer through the following methods:
Sammaan Finserve provides flexible ways for you to repay your Loan Against Property balance transfer. Choose the method best suited to your financial requirements from the following options:
Repay your loan through fixed monthly instalments that include both principal and interest components. This option ensures predictable payments and enables effective monthly budgeting.
Repay a portion of the loan or the entire outstanding amount before the scheduled tenure ends. This facility helps reduce the total interest outgo and can result in substantial savings.
Customise your repayment structure to match your financial circumstances. You can adjust the instalment amount or payment schedule, benefiting from greater convenience and control.
Sammaan Finserve Loan Against Property Balance Transfer interest rates start from 9.75% p.a. You can compare these rates against those of other lenders offering the same facility.
Yes, Sammaan Finserve allows you to apply for a top-up loan along with your LAP balance transfer.
The balance transfer process with Sammaan Finserve takes a few weeks. It depends on how soon the document verification, property valuation, and loan approval procedures are completed.
Yes, you can transfer your existing loan against property from another bank to Sammaan Finserve. The balance transfer allows you to consolidate your loans under better terms and potentially lower interest rates.
Yes, Sammaan Finserve offers loan against property balance transfers for amounts up to ₹10 Crores, depending on your eligibility and property valuation.
Yes, Sammaan Finserve charges a processing fee of up to 1.5% of the loan amount + GST for loan against property balance transfers.
The EMI is calculated based on the loan amount, interest rate, and tenure. You can use an EMI calculator to get an accurate estimate.
Missing a payment may attract penal charges and additional interest on the overdue amount. Continuous defaults can affect your credit score.
It may cause a minor temporary dip in your credit score due to a hard inquiry. However, making timely repayments can improve your credit score over time.
Yes, Sammaan Finserve allows you to switch between repayment options, such as EMIs, prepayment, or flexible repayment plans.
If your application is rejected, review the reason for it. You can improve your eligibility by enhancing your credit score, updating documents, or addressing outstanding dues and then reapply.
Yes, you can apply for a LAP balance transfer online on Bajaj Markets. Simply fill out the application form, submit your details, and a representative will guide you regarding the next steps.
When transferring your LAP to Sammaan Finserve, your existing insurance policy may continue or need reassignment. It depends on the lender’s requirements and your choice.
Self-employed individuals, partnership firms, and MSMEs are eligible to apply for a Sammaan Finserve Loan Against Property Balance Transfer. Applicants need to be between 23 and 70 years of age, and a minimum CIBIL score of 675 to qualify.
There are no prepayment or foreclosure charges for individual borrowers on floating rate loans taken for non-business purposes.
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