PNB Housing Finance Loan Against Property Balance Transfer

Save on repayment costs by transferring the balance of your existing Loan Against Property to PNB Housing Finance, with amounts up to ₹15 crore. Take advantage of this facility available on Bajaj Markets and benefit from low interest rates starting at 9.25% p.a., with a tenure of up to 20 years.

In this example, the tenure and loan amount do not change. They are kept constant at ₹25 Lakhs and 10 years, respectively. However, the current lender charges an interest rate of 15% p.a. Now assume that PNB Housing Finance enables you to transfer your loan at an interest rate of 9.24% p.a. Here, the EMI amount decreases drastically from ₹40,333.74 to just ₹31,994.57. This huge drop in interest charges and EMIs can help you save majorly over the remaining loan tenure.

PNB Housing Finance offers different types of Loan Against Property (LAP) balance transfer options to suit your needs. These include:

• Residential Property Balance Transfer

If you have an existing residential property loan, you can transfer your balance to PNB Housing Finance to enjoy better interest rates or improved terms. This helps you reduce your EMI and manage repayment more efficiently.

• Commercial Property Balance Transfer

If your loan is against a commercial property, you can transfer it to the lender to access favourable repayment terms and enjoy cost benefits. This gives you greater flexibility in managing your business finances.

• Lease Rental Discounting Balance Transfer

If you have a leased property, you can transfer your loan against rental income to PNB Housing Finance to take advantage of better terms. This allows you to optimise cash flow without altering your lease agreements.

Fulfil the following criteria to be eligible for a loan against property balance transfer from PNB Housing Finance: 

• Your age needs to be between 21 and 70 years

• Your net monthly income needs to be at least ₹18,000

• If salaried, you must have a work experience of at least 3 years 

• If self-employed, you must have a business vintage of at least 5 years

To switch to PNB Housing Finance Limited, you also need to submit the following key documents:

• 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

• Income Proof:

  • For Salaried Applicants: Salary slips of the last 3 months and Form 16 of the last 2 years

  • For Self-employed Applicants: Certificate and proof of business, along with ITR filings of the last 3 financial years

• Latest degree to validate your educational qualification

• Self-attested copy of the title documents of the property and the approved plan

Apply for this balance transfer facility on Bajaj Markets by following these steps:

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

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

3. Select ‘Loan Against Property Balance Transfer’ from the drop-down menu

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

Following this, a representative will reach out to you for further proceedings.

You can easily track your LAP balance transfer status with PNB Housing Finance using the following methods:

Check via Portal

1. Visit the official website of PNB Housing Finance Limited

2. Click on Existing Customer Login at the bottom of the page

3. Select Write to Us – Service Request

4. Choose ‘Loan’ and then ‘Loan Application Status’

5. Enter your account number and click ‘Validate’

Check via Customer Care Helpline

1. Call 1800 120 8800 to speak with a relationship manager

2. Verify your details as requested

3. The manager will provide the latest status of your balance transfer

Check via Branch Visit

1. Visit the nearest branch of PNB Housing Finance Limited

2. Connect with a relationship manager

3. They will assist you with personalised updates on your balance transfer

You can easily access your loan against property balance transfer statement to track your repayments and interest details using the following methods:

• Online Portal: Log in to the PNB Housing Finance net banking or customer portal to view and download your statement.

• Customer Care: Call 18001208800 or send an SMS with ‘PNBHFL’ to 56161 to request your loan statement.

• Branch Visit: Visit your nearest PNB Housing Finance Limited branch to collect a physical copy of your loan statement.

PNB Housing Finance Limited offers flexible repayment options for your loan against property balance transfer. You can choose the method that best suits your financial needs:

• Equated Monthly Instalments (EMIs)

You can pay fixed monthly amounts that cover both principal and interest throughout the loan tenure. This helps you plan your budget and manage repayments consistently. 

• Part-prepayment

You can make partial payments towards your loan principal to reduce the interest burden and shorten the tenure. This allows you to lower your overall loan cost while maintaining flexibility. 

• Full Prepayment

You can foreclose the loan in its entirety before the tenure ends, subject to applicable charges. This option helps you become debt-free sooner and save on future interest payments.