Learn about loan against property balance transfer available on Bajaj Markets. Get up to ₹15 Crores at 9.10% p.a. with tenure of up to 25 years.
Transfer your existing loan against property to your preferred lender online on Bajaj Markets. A loan against property balance transfer lets you switch to lenders offering lower interest rates, starting from just 9.10% p.a., with tenures up to 25 years.
Furthermore, you can benefit from zero foreclosure charges to become debt-free sooner. Along with better customer service options, and a simple documentation process, you can also fulfill your additional requirements with the help of top-up loans.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
Processing Fees
|
---|---|---|---|---|
Quick Approval
![]() Bajaj Housing Finance |
9.10% p.a. |
₹5 Cr |
17 Years |
Up to 1% of the loan amount |
ICICI Bank |
9.25% p.a. |
₹5 Cr |
15 Years |
0.50% of the loan amount + GST |
![]() Sammaan Finserve |
9.25% p.a. |
₹15 Cr |
20 Years |
Up to 1.5% + GST |
![]() L&T Finance |
9.65% p.a. |
₹5 Crores |
20 Years |
Up to 1% of the loan amount + GST |
![]() LIC Housing Finance |
9.45% p.a. |
₹15 Cr |
15 Years |
1% of the loan amount |
Quick Approval
![]() PNB Housing Finance |
9.25% p.a. |
₹15 Cr |
20 Years |
1% of the loan amount |
Truhome Finance |
12.50% p.a. |
₹1 Cr |
25 Years |
Up to 2.5% of the loan amount + GST |
![]() Shubham Housing Finance |
13.90% p.a. |
₹0.20 Cr |
15 Years |
Up to ₹27,000 + 3% of the loan amount + GST (Loan amount above ₹12 Lakhs) |
*Disclaimer: The rates are subject to change at the lender’s discretion.
Here are some essential charges you may have to pay when applying for a balance transfer:
Type of Charges |
Details |
Processing Fee |
0.50% to 3% |
Foreclosure Charges |
Nil to 4% |
Prepayment Charges |
2% to 5% |
Administrative Charges |
Up to 0.25% |
CERSAI Charges |
₹50 to ₹100 |
*Disclaimer: These charges are subject to change at the lender’s discretion.
Get additional credit on your loan against property balance transfer on Bajaj Markets.
Benefit from competitive interest rates, starting from 9.10% p.a.
Repay your loan at your convenience. Select a repayment plan that suits your finances with a balance transfer.
Apply for a loan against property balance transfer and get an extended tenure of up to 25 years
Apply with ease through a simple process requiring only basic documents
Enjoy a fast and hassle-free application journey on Bajaj Markets
Get complete transparency with clear terms and no hidden costs
Apply through a reliable platform that ensures your data and transactions remain protected
Here are the criteria you are often required to fulfil to be eligible for a balance transfer:
You should fall under the age bracket of 21 to 70 years
You must be an employee in an MNC, a private company, or the public sector, or be self-employed
You should be a resident of India residing or owning a property in a city recognised by the lender
Your CIBIL score should be 725 or more
You must have paid at least 12 EMIs of the loan you want to transfer
The minimum work experience for salaried individual should be at least 1 year
Self-employed applicants must have a business operational for at least 2 years to qualify
Here is a list of some common documents usually required for a loan against property balance transfer:
Latest Salary Slips
Bank account statements of the last 3 months
PAN Card and Aadhaar Card
Address Proof
Copy of the documents of the property to be mortgaged
IT Returns
For Self-employed - Certificate and proof of business, along with ITR filings of the last 3 financial years
Property documents like sale deeds
Most banks and financial institutions allow balance transfers for various types of properties, including:
Residential properties (self-occupied or rented)
Commercial properties used for business activities
Industrial properties, in some cases, depending on lender policies
The mortgage loan take over must involve a property that is free from legal disputes and has clear ownership documents.
The balance transfer process typically involves the following steps:
Submit a transfer request with your current lender
Obtain a foreclosure letter and loan statement
Apply with the new lender and submit required documents
Undergo property valuation and credit assessment
On approval, the new lender disburses the balance to close the existing loan
The loan is now serviced by the new lender under revised terms
A LAP balance transfer is best timed early in the loan tenure for maximum savings. You may consider a loan against property balance transfer if:
The current interest rate is significantly higher than market rates
You want to reduce EMI or extend the repayment tenure
You need a top-up loan for additional funding
The new lender offers better service or lower associated charges
Keep the following in mind before initiating a balance transfer:
Check for foreclosure charges with your current lender
Compare total cost of transfer, including processing fees and documentation charges
Ensure your repayment track record is clean
Reassess your property’s eligibility and valuation with the new lender
Read the terms and conditions of the new loan agreement carefully
Follow these steps to apply for a loan against property balance transfer online:
Click on the ‘Check Offer’ button on this page
Select your type of profession, either Salaried Employee, or a Business Owner
Enter your mobile number
Accept the check boxes related to the terms and conditions
Click on the ‘PROCEED’ tab
The online application process allows your loan application to be verified faster
Online documentation makes the balance transfer simpler and convenient
With the promise of complete transparency, you do not have to pay any hidden charges
The fees and charges for this facility vary across lenders. So, before opting for the facility, it is ideal to check with the specific lender.
Anyone who has completed at least 12 EMIs of their existing loan can opt for this facility.
You can enjoy tax benefits as per Section 24B if you apply for an additional top-up option along with the balance transfer facility.
The requirement to qualify for a loan against property is as follows:
Salaried Applicants : 23 to 70 years
Self-employed Applicants : 21 to 58 years
Please note that this value may differ from one lender to another.
The repayment tenure for a loan against property balance transfer can go up to 25 years, depending on the lender’s terms.
Yes, many lenders offer a top-up loan along with a balance transfer, based on your repayment history and loan eligibility.
You can transfer a loan amount of up to ₹15 crore, subject to lender approval and property valuation.
This depends on the lender. Some may require a guarantor, especially for high-value loans or complex cases.
Prepayment or foreclosure charges, if any, vary by lender and loan type. Check with your current lender before initiating the transfer.
Yes, if the new lender offers lower interest rates, better terms, or top-up facilities, a balance transfer can help reduce EMIs and total interest cost.
The lock-in period depends on the lender. Some may require a minimum number of EMIs before allowing a transfer.
A balance transfer does not negatively affect your CIBIL score if done properly. However, lenders may perform a hard inquiry during the process.
There is no fixed limit, but each application is assessed based on current eligibility, repayment history, and lender policies.
This depends on your profile, property type, and requirements. It’s best to compare multiple lenders for the best offer.
Yes, most lenders allow partial or full prepayment. Charges, if any, depend on whether the loan is fixed or floating rate.
Yes, you can transfer your loan even if your property is in a different city, provided the new lender services that location.