LIC Housing Finance Home Loan Balance Transfer

Know more about the LIC Housing Finance Home Loan Balance Transfer facility

Select Your Profession

Salaried Employee

Business Owner

✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50% Apply Now

Transfer the balance of your existing home loan to LIC Housing Finance on Bajaj Markets to enjoy numerous benefits. Get lower interest rates starting from just 8.65% p.a., which reduces your EMI amount and the cost of your loan. You can also extend the tenure to as high as 30 years, enabling you to repay the loan at your convenience.

Interest Rates and Charges

The LIC Housing Finance Home Loan Balance Transfer interest rates and charges are as follows:

Interest Rate	8.65% onwards
Processing Fee	0.25% of loan amount subject to maximum of Rs. 10,000/- +GST (Up to Rs. 2 Crores) 0.25% of loan amount subject to maximum of Rs. 25,000/- + GST (Above Rs. 2 Crores and up to Rs. 5 Crores) 50,000/- +GST (Above Rs. 5 Crores and up to Rs. 15 Crores)
Prepayment Charges	NIL on floating interest rates

*Disclaimer: The rates and charges mentioned above are subject to change as per the lender’s terms and policies

Features and Benefits

Attractive Interest Rates

Benefit from low interest rates starting at just 8.65% p.a.

Extended Tenures

Repay the loan at your convenience with extended tenures of up to 30 years

Top-up Loan

Borrow an extra sum on your existing loan and meet all your additional expenses easily

Convenient Online Transfer

Transfer your home loan to LIC Housing Finance through a simple and efficient online process at bajajfinservmarkets.in

Eligibility Criteria and Documents Required

Meet the following criteria to be eligible for this balance transfer facility:

You should possess a No-Objection Certificate (NOC) from your lender
You should have repaid at least 12 EMIs on your housing loan
You must be at least 21 years old

If salaried, your age at the time of loan maturity should not be more than your retirement age
If self-employed, your age at the time of loan maturity should not be more than 70 years

You should have an existing home loan from any bank or NBFC except LIC HFL Limited

Alongside this, you will also be required to furnish the following documents:

Identity Proof: Any one of the following
1. PAN card
2. Aadhaar card
3. Driving licence
4. Passport (in case of NRIs)
Address Proof: Any one of the following
1. Aadhaar card
2. Voter ID
3. Utility bill
4. Driving licence
5. Passport (in case of NRIs)
Income Proof:
1. Bank statements of the last 6 to 12 months
2. Salary slips and Form 16 for salaried individuals
3. ITR filings and business financials of the last 3 years for self-employed individuals
Property-related Documents:
1. Proof of ownership of property
2. Allotment letter from the builder or society for flats
3. Up-to-date receipt of tax paid
Other Documents:
1. Loan statement of the existing loan
2. List of the property documents submitted to the existing lender
3. Bank statement for the last 12 months of the account from which EMIs have been paid

How to Apply?

Follow these simple steps to apply for this balance transfer facility on Bajaj Markets

Click on the ‘Apply Now’ option on this page
Provide your personal and income-related information
Select ‘LIC Housing Finance’ from the list of lenders
Choose your preferred tenure and the loan amount required
Submit the application form

After this, an executive will reach out to you for further proceedings.

What are the benefits of transferring my home loan to LIC Housing Finance?

With this facility, you can take advantage of attractive interest rates starting from 8.65% p.a. Additionally, the processing fee charged on the loan is also minimal. This provides a cost-effective way for you to manage your home loan and potentially save money in the long run.