• Simple & Efficient Process of Applying Home Loans Online
• Innovative Housing Loan Products & Services at Lower Interest Rates
• Easy Documentation and No Hidden Charges
• Lower EMIs with Longer Loan Tenures of up to 25 Years

Home Loan Balance Transfer facility allows existing home loan borrowers to transfer the
outstanding loan amount of their existing home loan to a new lender at lower interest rate and/or for
longer tenures. The lower interest rate availed through home loan balance transfer facility helps
such borrowers to reduce their overall interest cost. This facility is especially beneficial for those
who took housing loans at higher interest rates and now are eligible for much lower rates due to
improved credit profile.
CHARGES WITH BALANCE TRASNFER
Besides interest rate, there are various other costs involved in transferring a home loan. Two of the
important charges that home loan borrowers must look into before going for home loan balance
transfer are as below:
 Foreclosure Charges: These charges are paid to the existing lender for closing the loan
before completion of your loan tenure. These charges are nil on floating rate home loans.
However, for fixed rate home loans, these charges may go up to 4% of the principal
outstanding.
 Processing Fees: These charges must be paid to the new lender for the processing of
your new home loan application (on transfer) and may range up to 6% of the loan amount.

Documents Requried

• AADHAR CARD
• PAN CARD
• 3 MONTH BANK STATEMENT
• REGISTER DOUCMENTS AGAINST PROPERTY
• PASSPORT SIZE PHOTOS
• FILL UP THE LOAN APPLICATION FORM
• FILE CHARGE RS 3600 / REFUND RS 3500