Home loan balance transfer offers you the option of reducing your EMIs by shifting your outstanding loan from other banks and financial institutions to Bajaj Housing Finance Limited. You can benefit from better terms on your loan, our additional top-up loan facility and features such as a long repayment tenor and an attractive interest rate.
By availing a home balance transfer from Bajaj Housing Finance Limited, you can get the following benefits:
Switch your home loan from your existing lender to Bajaj Housing Finance Limited at attractive interest rates and better terms. Meet our simple eligibility criteria and submit your basic documents to ensure faster processing.
Avail a top-up loan of your sanctioned home loan amount. Use the money to finance requirements such as the interiors of your home, a new car, or your child’s education.
Our property search services will assist you in finding the perfect home for you and your family.
With a convenient part-prepayment and foreclosure facility for an individual buyer at zero cost, a switch to Bajaj Housing Finance Limited is a sensible choice.
Simplify your repayment with flexible tenors ranging up to 30 years.
Your home loan balance transfer facility comes with minimal documentation requirements and an easy to meet eligibility criteria to ensure a hassle-free application procedure.
Access the customer portal online and manage your loan account from anywhere and at any time.
Use our simple and reliable calculators and learn about your home loan eligibility, your approximate EMI amount, and the benefits of transferring the rest of your home loan to Bajaj Housing Finance Limited
Make the most of benefits like top-up loans and hassle-free processing when you switch your home loan to Bajaj Housing Finance Limited, and purchase your dream home with ease.
You can apply for a Bajaj Housing Finance Limited Home Loan Balance Transfer facility only for those properties that are ready to occupy or already occupied. To avail this offering, you should have paid more than 12 loan EMIs without any dues/bounces.
Home Loan Balance Transfer Eligibility Criteria
For salaried individuals
The following are the eligibility criteria for Bajaj Housing Finance Limited Home Loan Balance Transfer:
For self-employed individuals
Bajaj Housing Finance Limited Home Loan Balance Transfer eligibility criteria are easy to meet. They are as follows:
Once you have cleared all the eligibility criteria for a home loan balance transfer, you must submit the following documents*:
*Please note that the list of documents mentioned is indicative. During loan processing, additional documents may be needed. These requirements will be communicated to you accordingly.
To apply for a Bajaj Housing Finance Limited Home Loan Balance Transfer, simply follow these steps after clicking on our online application form:
Submit your personal details, including your name, date of birth, address, and contact details.
Submit your income details so that we can offer you the deal that suits your financial conditions the best.
Submit your employment details.
Submit the details of the property for which you need the balance transfer.
View your home loan offer. You can also use our simple yet sophisticated balance transfer eligibility calculator, to know how much home loan and top-up loan you can get with us before you even apply.
Pay the secure fee online through our portal to reserve your offer. After this, our Relationship Manager will connect with you and help you take the home loan balance transfer process forward.
Transferring your home loan balance to Bajaj Housing Finance Limited is quick and hassle-free. Begin your application here.
A home loan balance transfer with Bajaj Housing Finance Limited comes with an array of advantages that make your experience of availing home loan balance transfer smooth and affordable. The charges and fees pertaining to home loan transfer are fixed, which enables transparent processing and lets you manage your finances better.
In the current monetary system, the Reserve Bank of India uses the repo rate as a money market tool to achieve several fiscal goals for the economy. Any increase or decrease in the same effects the ROI of the financial lending institution.
The current repo rate is 4.00% and the BHFL ROI is 6.80%*.
*Applicable following 1st EMI clearance.
For Term Loan, charges are calculated on the outstanding principal.
For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.
For Flexi Term Loan, charges are calculated on the current dropline limit.
*Part-prepayment made should be greater than 1 EMI.
*These charges are not applicable for the flexi interest-only and flexi term facilities.
Home Loan Balance Transfer Calculator
Home Loan Eligibility and Documentation
Home Loan Fees and Interest Rates
Home Loan EMI Calculator
How to Apply for Home Loan
Home Loan Application Form
Pradhan Mantri Awas Yojana
Last update on 11-Mar-2021
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