ICICI Bank Home Loan Balance Transfer

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. 

Take a look at the interest rates and charges applicable:

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

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

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.