ICICI Home Loan Balance Transfer

ICICI Bank home loan balance transfer facility allows you to transfer your outstanding dues and get better terms.

You can avail of this facility on Bajaj Markets, and get competitive ICICI Home Loan Balance Transfer interest rates. What’s more, thanks to digitisation, the process can be handled digitally and without any delays.

Read on to learn more about the ICICI home loan balance transfer, charges applicable, and other important facts. 

Bajaj Markets allows you to apply for the ICICI bank home loan balance transfer Facility, along with offerings from other partners too. The following table presents the interest rates offered by ICICI Bank and other lenders offering this provision on Bajaj Markets. 

Disclaimer: Above-mentioned interest rates are subject to change at the lender’s discretion. 

When it comes to transferring your home loan balance to ICICI Bank, it is essential to have a clear understanding of the ICICI Home Loan Balance Transfer charges and interest rates involved. 

Here's a breakdown of what you can expect:

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

To ensure you know what you're getting into before you make the switch, ICICI Bank provides an ICICI Home Loan Balance Transfer EMI Calculator. This tool helps you determine your monthly EMI for a specific loan amount and tenure. 

With the calculator, you can see how much you could save on your EMIs and get a detailed comparison. This way, you can make an informed decision and save money in the long run.

To use the ICICI Home Loan Balance Transfer EMI Calculator, follow these simple steps:

• Step 1: Enter the amount of your current home loan

• Step 2: Input the current EMI amount you are paying to your current lender

• Step 3: Enter the current loan tenure and the desired loan tenure (in months)

• Step 4: View the results

With this information, you can make an informed decision about whether to transfer your home loan to ICICI Bank and potentially save money on your monthly EMIs.

You must fulfil the eligibility criteria to be eligible for ICICI Home Loan Balance Transfer. Here is the list of ICICI Home Loan Balance Transfer Eligibility Criteria:

• 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.

When applying for the ICICI Home Loan Balance Transfer, you must submit a few documents. Here is the list of ICICI Bank Home Loan Balance Transfer documents required.

• Identity Proof: PAN/Voter ID/Aadhaar Card

• Address proof: Aadhaar Card/Passport/Driving License

• Bank statements for the last 6 months

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

• Certificate & Proof of business existence (for self-employed applicants)

• Form 16 / Income Tax Returns