Transfer your existing Mortgage Loan to other financial organization and save more on your Equated Monthly installment (EMI) with low interest rates and hassle-free documentation. You can also avail an additional Top-Up Loan to meet your business or personal needs.
Fast processing with Express Balance Transfer
Flexible Top-Up Loan for business/personal uses
Additional Top-Up Loan of up to 100%
Saving on EMI with attractive interest rates
| CRITERIA | SALARIED | SELF - EMPLOYED |
|---|---|---|
| Age | Min. age should more than 24 yrs. Max. age should less than 58 yrs. |
Min. age should more than 24 yrs. Max. age should less than 60 yrs. |
| Tenure | 30 Years | 20 Years |
| Income | Net Salary should INR 20,000.00 and above per month | PAT should INR 3,00,000.00 with gross turnover of INR 30,00,000.00 and above on last FY |
| Experiance | Min. 2 yrs. | Min. 5 yrs. |
| Credit Score | Above 750 | Above 750 |
| ROI | As per RBI Guidelines | 0.15% higher than normal |
| Processing Fees | 0.5% + applicable govt. taxes | 0.5% + applicable govt. taxes |
Balance Transfer refers to transferring your existing Home Loan/ Mortgage Loan from one bank/ financier to another.
With the Balance Transfer facility, you can transfer your existing Home Loan running at a higher rate of interest to another bank/ financier offering a lower interest rate. Hence, the EMI reduces and you save on your monthly outflows. Further, you can also take additional loan, referred to as Top-Up Loan, on your existing property along with the transfer. This loan can be used for any personal use like refurnishing of house, holiday, education of children, etc.
