✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Apply Now

Save on repayment costs by transferring the balance of your existing loan against property with LIC Housing Finance on Bajaj Markets. You can benefit from lower EMI amounts with interest rates starting from just 9.45% p.a. Transfer your loan seamlessly through the online process and get extended repayment tenures of up to 15 years.

Interest Rates and Charges

LIC Housing Finance Loan Against Property Balance Transfer interest rates and charges are as mentioned below:

Interest Rate

9.45% p.a. onwards

Processing Fees

1% of the loan amount

Pre-payment Charges

2.5% of the loan amount (for fixed rate loan)

CERSAI Charges

  • ₹50 for loan of up to ₹5 Lakhs

  • ₹100 for loan above ₹5 Lakhs

*Disclaimer: The aforementioned rates and charges are subject to change at the lender’s discretion.

Features and Benefits

Competitive Interest Rates

Transfer your loan to LIC Housing Finance and enjoy low interest rates starting from 9.45% p.a.

Extended Tenures

Opt for this facility and choose from tenures ranging up to 15 years

No Hidden Charges

Benefit from complete transparency and zero hidden charges

Simple Documentation Process

Enjoy simple, hassle-free, and quick documentation procedures by applying for this facility on Bajaj Markets

Prepayment Option

Choose to prepay or foreclose your loan by paying a nominal fee amounting to 2.5% of the outstanding loan amount

Eligibility Criteria and Documents Required

Fulfil the following criteria to be eligible for this balance transfer facility:

  • You must fall under the age bracket of 21 to 65 years 

  • You must be a self-employed professional or a salaried employee working in a reputed private company or any government organisation

  • You should have a minimum monthly income of ₹25,000

  • The age of the property mortgaged should not be more than 35 years

  • You must be a citizen and a resident of India
  •  

Keep the following documents handy when applying for a balance transfer:

  • Identity proof: Any one of the following

    1. Voter ID

    2. Driving licence

    3. Aadhaar card

    4. Employee ID

  • Address proof: Any one of the following

    1. Aadhaar card

    2. Ration card

    3. Telephone bill

    4. Electricity bill

    5. Voter ID 

  • A duly filled and signed application form with a photograph

  • Bank statement of the last 6 months

  • Salary slips of the last 3 months

  • Form-16 and ITR filings details of the last 2 years

  • Property-related documents

Read More

How to Apply?

Here is how you can apply for a LIC Housing Finance Loan Against Property Balance Transfer on Bajaj Markets:

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

  • Enter your personal information in the application form

  • Select ‘LIC Housing Finance’ from the list of lenders

  • Check the offer you can get for this transfer

  • Choose the required loan amount and details of the property mortgaged

  • Assess loan details, including all the charges and the net disbursal amount

LapBt

FAQs

It is a facility wherein you can transfer your existing loan against property to LIC Housing Finance at more favourable terms.

This loan against property balance transfer facility is available across all cities of India.

Enjoy tax benefits as per Section 24 (B), if you apply for an additional top-up option along with the balance transfer facility. However, this is subject to the use of the amount for specified expenses that qualify for such benefits.

You can enjoy low interest rates starting from 9.45% p.a. with this balance transfer facility.

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