A balance transfer home loan allows you to transfer your existing home loan to a new lender to change the loan terms on interest rate, loan duration or loan amount. This can reduce your monthly mortgage payments, extend your home loan tenure and increase the loan amount.

Want to reduce monthly payments or save on interest? Explore the balance transfer loan option. Our trusted panel of lenders offer low interest rates and fast approval for transfer cases. It’s time to simplify your payments with flexible repayment options and achieve financial freedom with personalized solutions like loan consolidation

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Eligibility criteria

Am i eligible for a term loan

For Salaried

  • Employment Status: Min of 6 month employment
  • Age: 21 - 65 years
  • Income: No fixed Criteria. Loan Amount is extended largely on the basis of your total income, other obligations and some other key factors.

Documents Required

  • Identity Proof: PAN/ Passport/ Voter ID card
  • Address Proof: Copy of Latest Telephone Bill/ Electricity Bill/ Utilities bill or copy of Passport/ Aadhar Card
  • Income Proof: Salary Slip for last 3 months/IT Returns / or Form 16, 6 months bank statement
  • List of existing property and loan documents from financier
  • Repayment history

For Self Employed

  • Employment Status: Working for at least 2 years
  • Age: 21 - 65 years
  • Income: Based on your total income, other obligations & other factors

Documents Required

  • Identity Proof:PAN/ Passport/ Voter ID card
  • Address Proof: Copy of Latest Telephone Bill/ Electricity Bill/ Utilities bill or copy of Passport/ Aadhar Card/ Address proof for Office
  • Income Proof: Income Proof: Income Tax returns for last 2-3 years, Balance Sheet & Profit & Loss A/c for last 3 years, Last 6 months Bank Account Statements
  • List of existing property and loan documents from financier
  • Repayment history

*We have compiled this broad criteria based on publicly available information and our experience. Banks may relax the criteria on age and employment history.

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