Truhome Finance Loan Against Property Balance Transfer

You can transfer the balance of your existing loan against property to Truhome Finance and enjoy extended repayment tenures of up to 25 years. You can apply for this facility on Bajaj Markets and save on repayment costs with low interest rates starting from 12.50% p.a. 

Access a loan amount of up to ₹1 Crore and benefit from a simple digital process that requires minimal documentation and can be completed with just a few clicks online.

With low interest rates, you can ensure flexible repayment when transferring your LAP to Truhome Finance. The table below provides an overview:

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

This facility may involve certain additional fees. These costs form part of the overall borrowing expense and are important to review before proceeding with the transfer.

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

Truhome Finance provides loan against property balance transfer facilities for both residential and commercial properties. You can get loans to finance both types of properties as listed below:

• Loan Against Residential Property

You can utilise the value of your residential property to meet personal or professional requirements. The loan is offered with flexible tenure options and competitive interest rates.

• Loan Against Commercial Property

This option allows you to leverage your commercial property for financial needs such as business expansions, debt consolidations, or new investments. It comes with higher loan amounts, extended repayment periods, and attractive interest rates. 

You need to fulfil the following criteria to be eligible for a Truhome Finance Loan Against Property Balance Transfer:

• If salaried, you must have a work experience of at least 2 years

• If self-employed, you must have worked in your respective field for at least 3 years 

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

• You should fall under the age bracket of 25 to 70 years

Alongside the eligibility requirements, ensure to keep the following documents handy during the application process:

• Duly completed loan application form

• KYC Documents: Any one of the following 

• Driving licence

• Passport

• Voter ID

You can apply for a balance transfer to Truhome Finance on Bajaj Markets in the following steps:

1. Hit the ‘Check Offer’ button provided here

2. You will land on the digital loan application page

3. From the menu, pick ‘Loan Against Property Balance Transfer’

4. Specify whether you are a Salaried Professional or a Business Owner

5. Enter your mobile number to continue with eligibility verification

6. Accept the terms of use and authorise data sharing where required

7. Finally, select ‘Apply Now’ to complete the process

Truhome Finance allows you to easily monitor your balance transfer application status online. To do so, you can follow these steps: 

1. Visit the official Truhome Finance website and navigate to the ‘Resources’ tab

2. Click on ‘Track Your Application’ 

3. Provide your registered mobile number and loan application ID

4. Click on ‘Get OTP’ and enter the OTP received on your mobile number

5. Your current application will be displayed after successful verification

You can conveniently access and download your LAP balance transfer statement through the Truhome Finance mobile app. Follow these simple steps: 

1. Download the Truhome Finance mobile app from the Google Play Store or the Apple App Store 

2. Register/Login using your registered mobile number and verify with OTP 

3. Navigate to the ‘Loan’ tab and click on the ‘Service Request’ option

4. Select your loan against property balance transfer account 

5. Click on ‘Download Statement’ to get your statement in PDF format 

The lender offers flexible ways to repay your loan against property balance transfer, ensuring you can manage EMIs according to your financial situation.

• EMI Payments

You can continue paying fixed EMIs throughout the tenure. Each EMI covers both principal and interest, ensuring steady repayment without fluctuations. 

• Part-Prepayment

You can make lump sum payments toward the loan in addition to your regular EMIs. This reduces the outstanding principal, leading to either lower EMIs or a shorter tenure.

• Full Prepayment

You may choose to repay the entire outstanding loan amount, closing the loan before the end of the tenure. This helps save on future EMIs and interest outgo, subject to policy conditions.