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

If your home loan repayment is affecting your personal finances, consider opting for a balance transfer facility with ICICI Bank on Bajaj Markets. Enjoy lower EMIs with interest rates starting from just 8.75% p.a. Repay the loan easily and conveniently over extended tenures of up to 30 years. 

Interest Rates and Charges

Take a look at the interest rates and charges applicable:

Interest Rate

8.75% p.a. onwards 

Processing Fees

₹3,000 + GST 

Administrative Charges

₹5,000 + GST or 0.25% of the loan amount + GST, (whichever is lower)

Prepayment Charges

2% + GST on fixed rate loans

*Disclaimer: The above-mentioned charges and rates are subject to change as per the lender’s policies

 

ICICI Bank Home Loan Balance Transfer EMI Calculator

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Home Loan Balance Transfer
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Principal Amount
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Year EMI Principal Interest Balance

ICICI Home Loan Balance Transfer Features and Benefits

Pocket-friendly Interest Rates

Benefit from affordable interest rates, starting from just 8.75% p.a.

Flexible Tenures

Repay your home loan over extended tenures ranging from 1 to 30 years

Easy Documentation

The online balance transfer process simplifies the documentation process

No Hidden Charges

Enjoy complete transparency by not having to pay any hidden charges

Eligibility Criteria and Documents Required

Make sure to fulfil the following ICICI Bank Home Loan Balance Transfer eligibility criteria, prior to applying for this facility:

  • You should be either a salaried or a self-employed individual

  • If you are a salaried applicant, your age must be between 23-60 years

  • If you are a self-employed applicant, your age must be between 23-65 years

  • The minimum net monthly income of the salaried applicant must be ₹25,000

  • The minimum Profit After Tax (PAT) of the self-employed applicant must be ₹25,000 per month

  • Salaried applicants must have a minimum work experience of 1 year

  • Business vintage of a minimum of 2 years is required for self-employed applicants

 

Here is a list of documents you should keep handy when applying for the balance transfer:

  • Identity Proof: Any one of the following 

    1. PAN card

    2. Voter ID

    3. Aadhaar card

  • Address Proof: Any one of the following

    1. Aadhaar card

    2. Passport

    3. Driving licence

  • Bank statements of the last 6 months

  • Salary slips of the last 3 months (for salaried applicants)

  • Certificate and proof of business existence (for self-employed applicants)

  • Form 16 or ITR filings

How to Apply?

To apply for this facility, follow these simple steps listed below:

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

  • Enter your personal, professional, and financial information

  • Choose ‘ICICI Bank’ from the list of lenders

  • Select your preferred loan amount and tenure

  • Submit the application form

 

After this, an executive will contact you to further process your application.

 

FAQs

What are the criteria for getting an ICICI Bank Home Loan Balance Transfer?

Your ICICI Home Loan eligibility criteria depend on various factors such as:

  • Income 

  • Age

  • Retirement age

  • Work experience

  • Property value

  • CIBIL score

What are the benefits of opting for ICICI Bank home loan balance transfer?

By transferring your home loan to ICICI Bank, you can benefit from lower interest rates starting from 8.75% p.a. This helps you enjoy reduced EMIs, and save money in the long run. Moreover, you can also get flexible repayment options. Additionally, the online loan transfer makes the process hassle-free.

What additional charges will I be required to pay when opting for ICICI Bank balance transfer facility?

When you opt for an ICICI Bank Home Loan Balance Transfer on our platfrom, you are required to pay certain processing charges, transfer fees, and administrative charges. Make sure to check these with your lender prior to applying for the facility.

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