Save on repayment costs by transferring the balance of your existing loan against property to PNB Housing Finance, now available on Bajaj Markets. Opt for this facility and benefit from affordable interest rates starting at just 9.24% p.a. You can also repay the loan over extended tenures ranging up to 25 years.
The PNB Housing Finance Loan Against Property Balance Transfer interest rates and charges are as listed below:
Interest Rate |
9.24% p.a. onwards (for salaried and self-employed applicants) |
Processing Fee |
1% of the loan amount |
Foreclosure Charges |
4% of the outstanding loan amount + GST |
*Disclaimer: The aforementioned details are subject to change at the lender’s discretion.
Fulfil the following criteria to be eligible for this loan against property balance transfer facility offered by PNB Housing Finance:
You must fall under the age bracket of 21 to 70 years
You should have a net monthly income of at least ₹18,000
If salaried, you must have a work experience of at least 3 years
If self-employed, you must have a business vintage of at least 5 years
Furthermore, you will also be required to furnish the documents listed below when applying for this facility:
Identity Proof: Any one of the following
PAN card
Voter ID
Aadhaar card
Address Proof: Any one of the following
Aadhaar card
Passport
Driving licence
Income Proof:
For Salaried Applicants: Salary slips of the last 3 months and Form 16 of the last 2 years
For Self-employed Applicants: Certificate and proof of business existence, along with ITR filings of the last 3 financial years
Latest degree to validate your educational qualification
Self-attested copy of the title documents of the property and the approved plan
Apply for this balance transfer facility on Bajaj Markets through the following steps:
Click on the ‘Apply Now’ option on this page
Enter your basic personal details
Select ‘PNB Housing Finance’ from the list of lenders
Check the offer available with this transfer
Provide details of the property mortgaged and the required loan amount
Evaluate the loan details, like the net disbursal amount and all associated charges
Following this, a representative will reach out to you for further proceedings.
When you want to get lower interest rates or extend your loan tenure, opting for a balance transfer facility can be a great option. You can initiate a balance transfer only after the lock-in period of your existing loan is completed. Make sure to check the terms and conditions of the transfer with the lender prior to applying for it.