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

With rising home loan interest rates, you may pay a higher interest outgo. You may wonder how much you could have saved on availing loans at low interest rates. Thanks to the loan against property balance transfer facility, you can shift your existing loan to another lender offering lower interest rates. 


So, not only do you get to save on the interest, but you can also enjoy umpteen other benefits. PNB Housing Finance helps facilitate hassle-free loan transfer at affordable rates starting from 9.24% p.a. Read on to know about the PNB Housing Finance against property balance transfer eligibility, interest rates, and documentation.

PNB Housing Finance Loan Against Property Balance Transfer Interest Rates and Charges 2023

Interest Rate

 9.24% p.a. onwards (applicable for both salaried and self-employed applicants)

Processing Fee

 1% of the loan amount

Foreclosure Charges

 4% of the outstanding loan amount + GST

Maximum Loan Amount

 ₹15 Cr

Disclaimer: The charges are subject to policy changes of PNB Housing Finance.

Compare PNB Housing Finance Loan Against Property Balance Transfer Interest Rates

Here is a tabulated comparison of PNB Housing Finance against property balance transfer interest rates with top lending partners on Bajaj Markets. Compare the interest rates and choose a lender that best fits your requirements.

Name of the Partner

Minimum Interest Rate

Bajaj Housing Finance Limited

10.10% p.a.


10.60% p.a.

LIC Housing Finance

9.45% p.a.

Shriram Housing Finance

14.75% p.a.

Shubham Housing Finance

13.90% p.a.

Disclaimer: The interest rates mentioned are subject to change at the financial institution’s discretion.

Features and Benefits

Nominal Interest Rates

You can easily transfer your loan against property balance at attractive interest rates starting from 9.24% p.a.

Flexible Repayment Tenure

The repayment tenure of the loan is very flexible and ranges up to 300 months for salaried and self-employed applicants.

Simple Transfer Process

With no additional PNB Housing Finance against property balance transfer documents required, you can quickly transfer your existing loan hassle-free.

Zero Hidden Charges

You can avail the balance transfer facility with no hidden charges.

PNB Housing Finance Against Property Balance Transfer EMI Calculator

With the help of an EMI calculator, you can efficiently compute your instalments and manage your finances better.

Eligibility Criteria

Here are some essential eligibility parameters you must meet when availing the balance transfer option from PNB Housing Finance:

  • Your age (whether salaried or self-employed) must be between 21-70 years

  • Your net monthly income must be a minimum of ₹18,000

  • You must have a work experience of at least 3 years if you are a salaried individual 

  • You must have a total business vintage of minimum 5 years as a self-employed applicant

Documents Required for PNB Housing Finance Loan Against Property Balance Transfer

  • Identity proof: PAN/Voter ID/Aadhaar card

  • Address proof: Aadhaar card/Passport/Driving licence

  • Latest degree to validate your educational qualification

  • Salary slips of the last three months (for salaried applicants)

  • Certificate & Proof of business existence (for self-employed applicants)

  • Form 16 for the last two financial years (for salaried applicants)

  • ITR for the last three financial years (for self-employed applicants)

  • Self-attested copy of the title documents of the property and the approved plan

How to Apply for a PNB Housing Finance Loan Against Property Balance Transfer

Here are the simple steps to apply for a LAP balance transfer on Bajaj Markets.

  • Enter Your Personal Details and Check for an Offer

    Visit the official LAPBT webpage on Bajaj Markets, click on “APPLY NOW”, and fill the form

  • Choose Your Lending Partner

    Select PNB Housing Finance from the list of partners.

  • Estimate Borrowing Power

    Find out the loan amount you can avail.

  • Mention Requirements & Property Details

    Fill in the loan amount and details of the property.

  • Unlock Final Details

    Find out your loan details along with the charges and net disbursal amount. Post this, a loan expert will connect with you to process your application further.

PNB Housing Finance Loan Against Property Balance Transfer FAQs

You can opt for a LAP balance transfer when you want to pay a lower interest rate on loan against the property than the current rate.


No, transferring your LAP will not increase the loan amount unless you opt for a top-up option. However, checking with the lender and understanding the terms and conditions is ideal before opting for a balance transfer.


You can initiate a balance transfer only after the lock-in period of your existing loan is completed. You can check the same with the lender to understand the process.


Punjab National Bank Housing Finance considers commercial and residential properties to be pledged as collateral. 


The maximum loan amount that you can avail of from the PNB Loan Against Property Balance Transfer is up to Rs. 15 Cr.


Yes, you can make a part-prepayment at any stage when you avail the PNB Housing Finance against the property balance transfer facility.


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