Learn more about loan against property balance transfer available on Bajaj Markets
Transfer your existing loan against property to your preferred lender online on Bajaj Markets. This strategic move can help you get lower interest rates starting from just 9.24% p.a. and extended tenures of up to 25 years. Furthermore, you can benefit from zero foreclosure charges to become debt-free sooner. Along with better customer service options, and a simple documentation process, you can also fulfill your additional requirements with the help of top-up loans.
Our Partners
|
Minimum Interest Rate
|
Maximum Loan Amount
|
Maximum Loan Tenure
|
|
---|---|---|---|---|
Quick Approval
Bajaj Housing Finance |
9.85% p.a. |
₹3 Cr |
20 Years |
|
ICICI Bank |
9.25% p.a. |
₹5 Cr |
15 Years |
|
Indiabulls Commercial Credit |
9.75% p.a. |
₹10 Cr |
12 Years |
|
L&T Finance |
9.65% p.a. |
₹5 Crores |
20 Years |
|
LIC Housing Finance |
9.45% p.a. |
₹15 Cr |
15 Years |
|
Quick Approval
PNB Housing Finance |
9.25% p.a. |
₹15 Cr |
20 Years |
|
Shriram Housing Finance |
12.50% p.a. |
₹1 Cr |
25 Years |
|
Shubham Housing Finance |
13.90% p.a. |
₹0.20 Cr |
15 Years |
|
*Disclaimer: The rates are subject to change at the lender’s discretion.
Here are some essential charges you may have to pay when applying for a balance transfer:
Type of Charges |
Details |
Processing Fee |
0.50% to 3% |
Foreclosure Charges |
Nil to 4% |
Prepayment Charges |
2% to 5% |
Administrative Charges |
Up to 0.25% |
CERSAI Charges |
₹50 to ₹100 |
*Disclaimer: These charges are subject to change at the lender’s discretion.
Get additional credit on your loan against property balance transfer on Bajaj Markets.
Benefit from competitive interest rates, starting from 9.24% p.a.
Repay your loan at your convenience. Select a repayment plan that suits your finances with a balance transfer.
Apply for a loan against property balance transfer and get an extended tenure of up to 25 years
Here are the criteria you are often required to fulfil to be eligible for a balance transfer:
You should fall under the age bracket of 21 to 70 years
You must be an employee in an MNC, a private company, or the public sector, or be self-employed
You should be a resident of India residing or owning a property in a city recognised by the lender
Here is a list of some common documents usually required for a loan against property balance transfer:
Latest Salary Slips
Bank account statements of the last 3 months
PAN Card and Aadhaar Card
Address Proof
Copy of the documents of the property to be mortgaged
IT Returns
Follow these steps to apply for a loan against property balance transfer online:
Click on the ‘Apply Now’ button on this page
Enter your personal details in the online application form
Fill in the information related to your employment and income
Check offers displayed on the screen
Submit the form for further verification
Once the application is verified, an executive will contact you for further proceedings.
The online application process allows your loan application to be verified faster
Online documentation makes the balance transfer simpler and convenient
With the promise of complete transparency, you do not have to pay any hidden charges
The fees and charges for this facility vary across lenders. So, before opting for the facility, it is ideal to check with the specific lender.
Anyone who has completed at least 12 EMIs of their existing loan can opt for this facility.
You can enjoy tax benefits as per Section 24B if you apply for an additional top-up option along with the balance transfer facility.
The requirement to qualify for a loan against property is as follows:
Salaried Applicants : 25 to 70 years
Self-employed Applicants : 21 to 58 years
Please note that this value may differ from one lender to another.