✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50% Apply Now

Choose a home loan balance transfer facility on Bajaj Markets at affordable interest rates starting from 8.50% p.a. You can apply for a home loan balance transfer online and choose a convenient repayment timeline of up to 30 years.

Compare Home Loan Balance Transfer Options

Our Partners
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Minimum Interest Rate
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Maximum Loan Amount
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Maximum Loan Tenure
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Quick Disbursal
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Bajaj Housing Finance

8.95% p.a.

₹2.5 Cr

30 Years

4.4
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ICICI Bank

8.75% p.a.

₹5 Cr

30 Years

3.9
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Kotak Mahindra Bank

9.00% p.a.

₹0.50 Cr

20 Years

4.1
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L&T Finance

8.65%

₹7.5 Crores

25 Years

4.0
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LIC Housing Finance

8.65% p.a.

₹15 Cr

30 Years

3.8
Quick Disbursal
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PNB Housing Finance

8.50% p.a.

₹15 Cr

30 Years

3.9
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Shriram Housing Finance

11.50% p.a.

₹10 Cr

25 Years

4.3
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Shubham Housing Finance

10.90% p.a.

₹0.50 Cr

25 Years

3.9
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Union Bank of India

8.50% p.a.

₹15 Cr

30 Years

4.0
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Vridhi Home Finance

12% p.a.

₹25 Lakhs

12 Years

4.1
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*Disclaimer: The interest rates listed above are subject to constant change as they are affected by several factors. Please check the prevailing interest rate with your lender before applying.

Features and Benefits

Here are some features you can enjoy when you opt for a home loan balance transfer on Bajaj Markets:

Nominal Interest Rates

Ease your repayment burden with affordable interest rates starting from 8.50% p.a.

Top-up Facility

Get access to an additional loan amount with no restrictions on end usage and meet your needs.

Lengthy Tenure

Opt for a tenure of up to 30 years and minimise the stress on your monthly budget with reduced EMIs.

Hassle-free Home Loan Balance Transfer Process

Enjoy speedy approval so you can start saving more as you repay your home loan.

Minimal Paperwork

Opt for a loan amount of up to ₹15 Crores and complete the formalities easily and quickly.

Eligibility Criteria and Documents Required

Meet the minimum home loan balance transfer eligibility criteria set by lenders across various financial institutions. These include: 

  • Indian citizenship with a minimum and maximum age of 23 and 65 years, respectively 

  • Minimum 3 years of work experience in a reputed company

  • Minimum of 12 home loan EMIs must be paid

 

Here are some documents required for a home loan balance transfer once you meet the specific eligibility terms set by the new lender:

As a salaried individual, submit your latest salary slips for the previous 3 months or Form 16. If you are self-employed, you must furnish your audited profit and loss statements.

 

Apart from these, a few other documents required for initiating the home loan balance transfer process include:

  • Last 6 months’ bank account statements

  • PAN Card/Aadhaar Card

  • Address proof

  • Identity proof

  • Latest passport-size photographs

  • No Objection Certificate from your current lender

  • All details related to your existing home loan

  • Property documents

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How to Apply for a Home Loan Balance Transfer on Bajaj Markets

Here is the process to follow when applying for a home loan balance transfer on Bajaj Markets.

  • Click on the ‘Apply Now’ button on this page

  • Enter your basic personal details on the online application form

  • Enter the loan amount and preferred repayment tenure

  • Submit the form for verification

How to Apply for a Home Loan Balance Transfer

Why Choose Bajaj Markets for a Home Loan Balance Transfer

Getting a home loan balance transfer on Bajaj Markets helps you benefit from the following:

  • Competitive Loan Terms

Ample funding coupled with affordable interest rates and a lengthy repayment tenure, makes the transfer process hassle-free

  • Swift Loan Approval and Disbursal

Meet the simple eligibility terms and get the required funding soon after approval and verification.

  • Minimal Documentation

Provide basic documentation based on the lender’s requirements for speedy processing.

  • Zero Hidden Charges

All balance transfer charges you have to pay are mentioned clearly on Bajaj Markets.

FAQs on Home Loan Transfer

What is a home loan balance transfer?

A home loan balance transfer enables you to transfer your current loan obligation from one lender to another. Ideally, you opt for this facility when you can avail a home loan at affordable interest rates from another lender.

Why should I consider a home loan balance transfer?

A home loan balance transfer can be a smart financial decision, offering umpteen benefits if planned properly. It allows you to bring down your EMIs with a lower interest rate and a longer tenure. You need to assess various factors when deciding to transfer your home loan from one lender to another. 

What are the benefits of a home loan balance transfer facility?

Some of the benefits you get to enjoy include lower interest rates, an option to avail a top-up loan facility and an extension of the loan tenure. You may also change your existing interest rate type from fixed to floating or vice versa.

How to transfer a home loan from one bank to another?

You can transfer your home loan from one bank to another by visiting the lender’s website and checking the interest rates, loan terms, and other essential details. Then, provide details of your existing property and loan.

 

You may get a loan offer from the new lender if you meet the required eligibility criteria. Pay the fees and charges associated with the balance transfer facility. Lastly, upload the supporting documents for verification to the new lender.

What is the maximum home loan amount that can be transferred?

There is no cap as such. You can transfer the entire outstanding home loan amount to a different lender, depending on the loan terms you are eligible for. 

Can I avail a top-up loan at the time of the balance transfer?

Yes, you can get a top-up from the same financial institution when you opt for the home loan balance transfer. Remember, interest rates on the top-up facility may be slightly higher than the home loan interest rate.

Can the repayment period be extended at the time of the transfer?

Yes, you can extend your repayment period when opting for a home loan balance transfer.

Do I require a guarantor for a home loan balance transfer?

A majority of Indian lending institutions do not ask for a guarantor while taking over an existing home loan. However, it is entirely upon the new lender to decide whether or not a guarantor is required when you avail of the home loan balance transfer facility.

What is the maximum tenure you can avail for a home loan balance transfer?

When applying for a home loan balance transfer, you can enjoy an extended period of up to 30 years on Bajaj Markets. This also depends on the new lender you choose and your age.

Do I get tax benefits on a balance transfer?

You can enjoy the same tax benefits on your home loan repayment even after you complete a balance transfer. This includes a tax exemption on the home loan interest as well as the principal. 

 

However, when you take a top-up loan during a home loan balance transfer, you can only enjoy tax savings based on the end use of the funds.

Are there any fees associated with a home loan balance transfer?

Yes, there are some fees and additional charges you may have to pay when you opt for a home loan balance transfer. Some of these charges include processing fees, home loan transfer charges, etc.

How long does the home loan balance transfer process typically take?

The duration of the balance transfer process depends on the lender you choose. Once you submit the required documentation, the process is generally completed within 5 to 10 days.

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