PNB Housing Finance Home Loan Balance Transfer

Here is how you can transfer the balance of your existing home loan to PNB Housing Finance

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Salaried Employee

Business Owner

✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.30% Check Offer

Transferring the balance of your home loan to PNB Housing Finance enables you to enjoy low interest rates starting from just 8.50% p.a. Apply for this facility on Bajaj Markets and benefit from an easy online transfer process with minimal documentation. With the AAA-rated lender, you can enjoy lower prepayment or foreclosure charges, with no fee on floating-interest loans. Also, you can repay the loan at your convenience over extended tenures ranging up to 30 years.

PNB Housing Finance Home Loan Balance Transfer Interest Rates

The home loan balance transfer interest rates and charges applicable are as follows:

Interest Rate	8.50% p.a. onwards
Processing Fee	1% of the loan amount + GST
Prepayment Charges	Up to 3% of the prepaid amount + GST * No repayment/foreclosure fee on floating-interest loans.
Cheque/eNACH Bounce Charges	₹750 to ₹1,000 + GST
Overdue Charges	Up to 24% p.a. on unpaid EMI for the delayed period
List of Documents Fee	Up to ₹750 + GST
Loan Pre-closure Statement Charges	₹750 + GST

*Disclaimer: The rates and charges mentioned above are subject to change at the lender’s discretion

While charges like the processing fee can increase borrowing costs, a low interest rate can help ease the EMI burden. Let’s understand this better with the help of an example. Assume that you have a home loan of ₹50 Lakhs for a tenure of 20 years. The interest rate charged on this loan is 15% p.a.Consider that your loan was transferred to PNB Housing Finance. Here, let’s say you were offered a low interest rate of 8.50% p.a.

Particulars	Current Home Loan Details	Home Loan Details After Transfer
Loan Amount	₹50 Lakhs	₹50 Lakhs
Interest Rate	15% p.a.	8.50% p.a.
EMI Amount	₹65,839.48	₹43,391.16

In this case, the EMI of your existing loan which stood at ₹65,839.48 reduces to ₹43,391.16. This drop in the EMI amount makes the loan more manageable and helps you save on the repayment costs.

PNB Housing Finance Home Loan Balance Transfer EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	Payable Amount	Principal	Interest	Balance

Features and Benefits

Low Interest Rates

With a high credit score, you can benefit from low interest rates starting from just 8.50% p.a.

Flexible Repayment Options

The repayment tenure is extremely flexible and ranges up to 30 years

Easy Transfer Process

Transfer your loan balance conveniently without any extra documentation

No Hidden Charges

There are no hidden charges involved in the home loan balance transfer process

Eligibility Criteria and Documents Required

Make sure to fulfil the following requirements to be eligible for the facility:

You must fall under the age group of 21 to 70 years
Your net monthly income must be over ₹18,000
You must be either a salaried or a self-employed individual
If salaried, you must have a minimum work experience of 3 years
If self-employed, your business must have a vintage of at least 5 years

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

Identity Proof: Any one of the following
- PAN card
- Voter ID
- Aadhaar card
Address Proof: Any one of the following
- Aadhaar card
- Passport
- Driving licence
Latest degree to validate the educational qualification
Income Proof:
- For salaried applicants: Form 16 of the last 2 financial years and salary slips of the last 3 months
- For self-employed applicants: ITR filings of the last 3 financial years
Business proof and existence (for self-employed applicants)
Self-attested copy of the Title Documents of the Property and Approved Plan

How to Apply?

Follow these simple steps to apply for the transfer facility on Bajaj Markets:

Click on the ‘Apply Now’ option on this page
Enter your personal, professional, and financial details
Choose ‘PNB Housing Finance’ from the list of lenders
Select the preferred loan amount and repayment tenure
Submit the application form
After this, a representative will contact you for further proceedings

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.