Here is all you need to know about home loan balance transfer by Vridhi Home Finance
Opt for the Vridhi Home Finance Home Loan Balance Transfer on Bajaj Markets. Enjoy extended repayment tenures of up to 12 years and low interest rates starting from 12% p.a. You can also benefit from quick online transfer processes and simple documentation with this facility.
Here are the Vridhi Home Finance Home Loan Balance Transfer interest rates and other charges you should know about before opting for this option:
Interest Rate |
12% to 18% p.a. |
Processing Fee |
2% + GST |
Other Charges |
1% |
Prepayment Charges |
5% |
*Disclaimer: The aforementioned rates are subject to change at the lender’s discretion
Enjoy lower interest rates starting from 12% p.a. with this facility
Choose from a repayment tenure ranging up to 12 years with a home loan balance transfer
Benefit from a convenient online loan transfer process from the comfort of your home
Opt for a foreclosure facility at a minimal charge of 5%
Any salaried or self-employed individual can apply for this facility. To be eligible for a home loan balance transfer ensure that your combined EMIs are not more than 50% of your salary.
In addition to this, keep the following documents handy:
Passport
Driving license
Address Proof: Any one of the following
Aadhaar card
Passport
Driving license
Utility bill
Age Proof: Any one of the following
PAN card
Passport
Voter ID
Driving license
Birth certificate
School leaving certificate (10th)
Income Proof: Salary slips and bank account statements of the last 3 months
Bonus Proof: Of the last 2 years or variable incentive pay within the last 6 months
Employment Proof: Any one of the following
Form 16
Joining date on salary slip
Appointment letter
Follow these simple steps to apply for the balance transfer facility on Bajaj Markets:
Click on the ‘Apply Now’ option on this page
Enter your personal details
Choose ‘Vridhi Home Finance’ as your lending partner
Fill in the outstanding loan amount and property details
Submit your application form
Post this, a representative will contact you for further proceedings.
Enjoy a lower interest rate starting from 12% p.a. By transferring the balance of your home loan to Vridhi Home Finance.
Yes. When you opt for a Vridhi Home Finance Home Loan Balance Transfer, you are required to pay a processing fee of up to 2%, along with the applicable taxes. You may also be asked to pay a 5% prepayment penalty and other charges of up to 1%.
By opting for a balance transfer with Vridhi Home Finance, you can enjoy extended repayment tenures of up to 12 years.