Transferring your home loan balance is now easy with Finserv MARKETS. Meet the eligibility criteria set by PNB Housing Finance and enjoy the smooth process of balance transfer at Finserv MARKETS.
PNB Home Loan Balance Transfer: Features & Benefits
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Low Interest Rates
At nominal interest rates i.e. 7.35% p.a. to 8.80% p.a. for salaried applicants and 7.55% p.a. to 9.10% p.a. for self-employed applicants, transfer your home loan balance hassle-free.
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Flexible Repayment Options
The repayment tenure is extremely flexible and ranges up to 360 months for salaried applicants and 240 months for self-employed applicants.
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Easy Transfer Process
Transfer your loan balance conveniently, without the need of extra documentation.
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No Hidden Charges
There are absolutely no hidden charges while transferring the home loan balance.
PNB Home Loan Balance Transfer: Eligibility & Documents
- The applicant’s age must be above 21 years and below 70 years at the time of maturity of the loan.
- The net monthly income must be above Rs. 18,000.
- A minimum work experience of 3 years for salaried applicants and business vintage of 5 years for self-employed applicants is mandatory.
- Identity Proof: PAN/Voter ID/Aadhaar Card
- Address proof: Aadhaar Card/Passport/Driving License
- Latest Degree to validate educational qualification
- Salary slips of last 3 months (for salaried applicants)
- Certificate & Proof of business existence (for self-employed applicants)
- Form 16 for the last 2 financial years (for salaried applicants)</
- ITR for the last 3 financial years (for self-employed applicants)
- Self-attested copy of the Title Documents of the Property and Approved Plan
Why choose Finserv MARKETS
How to Apply for PNB Home Loan Balance Transfer on Finserv MARKETS
Take a look at the simple steps.
Frequently Asked Questions
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✔️Can I transfer my PNB home loan to another person?
Yes, you can transfer your PNB home loan to another person at Finserv MARKETS.
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✔️When should I avail the home loan balance transfer?
When you feel you are paying a high rate of interest on your home loan, you can choose to avail the balance transfer option.
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✔️What is the maximum rate of interest charged on PNB Housing Finance Home Loans?
The maximum rate of interest charged is 8.80% for salaried applicants, and 9.10% for self-employed applicants.
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✔️Can I get a top up loan at the time of balance transfer?
Yes, you can get a top up loan at the time of balance transfer.
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✔️Is it possible to merge two existing loans through balance transfer?
In order to get a low rate of interest, you can merge two existing loans.
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✔️Can I transfer home loan to another bank after considering Pradhan Mantri Awas Yojana benefit?
Yes, to enjoy a low rate of interest, you can transfer balance transfer facility after considering the PMAY benefit.
