Home Loan Balance Transfer Documents and Eligibility Criteria

Transferring an existing Home Loan involves the verification of your personal, financial, property, and existing loan details. Keeping the documents required for a Home Loan Balance Transfer handy can make the verification process more convenient and help you proceed with your transfer application.

The documents required may differ depending on whether you are salaried or self-employed. You may also need to provide certain documents related to your existing Home Loan and the property against which the loan has been availed of.

Why Documentation is Required for Home Loan Balance Transfer

Documentation helps us verify the information provided as part of your Home Loan Balance Transfer application. It helps establish your identity and address, assess your income and financial profile, review your existing repayment record, and verify the property associated with the Home Loan.

As a Home Loan Balance Transfer involves moving an ongoing loan, documents related to the existing loan may also be required during different stages of the transfer process.

List of Documents Required for Home Loan Balance Transfer

Salaried and self-employed applicants need to submit the following documents*** while transferring their Home Loan to us:

Type of Document	Salaried Applicant	Self-Employed Applicant
Mandatory Documents	PAN Card or Form 97 (if the applicant does not have a PAN Card) (Note: PAN Card is mandatory for financial applicants/co applicants)	PAN Card or Form 97 (if the applicant does not have a PAN Card) (Note: PAN Card is mandatory for financial applicants/co applicants)
Proof of Identity	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register containing the name, address, and photograph of the cardholder Proof of possession of Aadhaar Number (to be obtained voluntarily)	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register containing the name, address, and photograph of the cardholder Proof of possession of Aadhaar Number (to be obtained voluntarily) Proof of Identity for Non-Individuals Udyam Registration Certificate (URC) issued by the Government Complete Income Tax Returns duly authenticated/acknowledged by the income tax authorities GST Certificate/Registration document issued by Sales/Service/Professional Tax authorities Utility bills such as electricity, water, landline telephone bills, gas, etc. in the name of the entity
Proof of Current Residence	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Proof of possession of Aadhaar Number (to be obtained voluntarily)	Valid Indian Passport Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Proof of possession of Aadhaar Number (to be obtained voluntarily) Proof of Current Residence for Non-Individuals Udyam Registration Certificate Business Registration Certificate GST Certificate Gumasta Licence (Shop Act Licence for Maharashtra) Utility bills Income Tax Returns (ITR) Rent Agreement with utility bill not older than 60 days
Date of Birth	Passport PAN Card Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Aadhaar Card (to be obtained voluntarily) Birth Certificate	Passport PAN Card Driving Licence Election/Voter’s Identity Card issued by the Election Commission of India Job Card issued under NREGA, duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Aadhaar Card (to be obtained voluntarily) Birth Certificate
Proof of Income	Last 3 months' salary slips Last 12 months' bank statements (consent to fetch banking from account aggregator) showing salary credits Bonus pay slip along with bank credits Employment Contract/Appointment Letter in case current employment is less than a year old	Consent to fetch the financials from the Income Tax & GST Portal of all the financial applicants Last 12 months' bank statement of primary business accounts & savings accounts (preferably account aggregator)
Property-related Documents	Fresh Property Purchase: Copy of Allotment Letter or Buyer’s Agreement Cost Sheet issued by the developer Receipts of initial payments made to the developer Resale Property Purchase: Title Deeds including previous chain of the property documents Receipt(s) of initial payment(s) made to the seller Copy of Sale Agreement (if already executed)/Draft Sale Deed Self-Construction: Title Deeds including previous chain of the property documents Construction estimate by an architect or civil engineer Copy of Plans, approved by local authorities Proof of no encumbrances on the property	Fresh Property Purchase: Copy of Allotment Letter or Buyer’s Agreement Receipts of initial payments made to the developer Resale Property Purchase: Title Deeds including previous chain of the property documents Receipt(s) of initial payment(s) made to the seller Copy of Sale Agreement (if already executed)/Draft Sale Deed Self-Construction: Title Deeds including previous chain of the property documents Construction estimate by an architect or civil engineer Copy of Plans, approved by local authorities Proof of no encumbrances on the property
Balance Transfer Documents	Index II/Sale Deed/ATS/Allotment Letter (for applicants from Maharashtra) Sale Deed/ATS/Allotment Letter (for applicants outside Maharashtra) TPA (for UC; for applicants outside Maharashtra) Statement of account/RTR of BT loans, Sanction Letter of BT bank	Index II/Sale Deed/ATS/Allotment Letter (for applicants from Maharashtra) Sale Deed/ATS/Allotment Letter (for applicants outside Maharashtra) TPA (for UC; for applicants outside Maharashtra) Statement of account/RTR of BT loans, Sanction Letter of BT bank
Additional Documents	Passport-size photographs of all applicants and co-applicants. Proof of own contribution Bank statements of the last 6 months showing repayment of loans	Additional documents will be required for the entities below: Partnership Firm: Partnership Deed Limited Liability Partnership: LLP Agreement and Certificate of Incorporation, List of designated partners and latest profit-sharing ratio certified by CA/CS Public & Private Limited Co. (Even if only 1 Director): Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), and the latest CA/CS-certified list of Directors and Shareholders with name, date of birth, nationality, and address Trust: Trust Deed with the Registration Certificate, list of all beneficiaries, trustees, settlor(s), protector(s), and author(s) of the trust containing name and date of birth Society:Byelaws/Memorandum of a Society with Registration Certificate, list of members with name, address, and date of birth Authorised signatory along with KYC & Relationship Segment details in case of Private/Public Limited Companies/Limited Liability Partnerships/Partnership Firms/Trust/Society List of Directors & Senior Management details in case of Private/Public Limited Companies Legal Entity Identifier (LEI) Certificate of non-individual borrower having banking system exposure of Rs.5 Crore and above Passport-size photographs of all applicants and co-applicants Own contribution proof Bank statements of the last 6 months showing repayment of loans Cheque for processing fee towards the Home Loan provider Additional documents for Self-Employed Professionals: Qualification documents (Degree certificate) from a recognised institution Registration Certificate from the State Medical Council for MBBS or higher education Chartered Accountant (CA) – Certificate of Practice (COP)

***This list is indicative.

Documents Required for Salaried NRI Applicants

Salaried Non-Resident Indian (NRI), Person of Indian Origin (PIO), Overseas Citizen of India (OCI), or an individual serving in the Merchant Navy who wishes to apply for a Home Loan with Bajaj Housing Finance need to keep the following documents*** ready:

Document Type	Documents Required
Mandatory Document	PAN Card or Form 97 (if the customer does not have a PAN Card) Note: PAN Card is mandatory for financial applicants/co-applicants
Proof of Identity and NRI status	Valid Indian Passport OCI Card/PIO Card Valid Visa/Work Permit/Residence Permit
Proof of Identity and NRI status	Valid Indian Passport OCI Card/PIO Card Valid Visa/Work Permit/Residence Permit Additional Documents: In case of Merchant Navy: Continuous Discharge Certificate (CDC) In case of OCI/PIO customers: Valid passport issued by the country of the customer’s nationality
Proof of Address (any one of the below officially valid documents):	Indian Permanent Address Proof: Valid Indian Passport Driving Licence Election/Voter’s Identity card issued by the Election Commission of India Job card issued under NREGA duly signed by an officer of the State Government Letter issued by the National Population Register (NPR) containing name and address Proof of possession of Aadhaar Number (to be obtained voluntarily) Overseas Address Proof: Valid Passport OCI/PIO card Overseas Driving Licence Overseas Leave and License agreement. Utility bill (electricity/landline/piped gas/water bill; not more than 2 months old) Document issued by Government Department of Foreign Jurisdiction (Work/Resident Permit, Social Security Card, Green Card, Population Register, etc.) Letter issued by Foreign Embassy or Mission in India
Income Proof	Latest 3 months' salary slips Latest 2 years' tax forms as per respective country norms (for example, USA – W2 Form/UK – P60) Last 6 months' bank statements showing salary credits Employment Contract/Appointment Letter Previous employer Appointment letter & Relieving letter (if current employment < 1 year) Latest/Future Contract Letter in case of Merchant Navy customer
Overseas Bureau/Credit Report	Last 6 months' NRE/NRO account statement
Photographs	A set of recent passport-sized photos

***The document list is indicative. Additional documents may be requested during loan processing.

Home Loan Balance Transfer Eligibility Criteria

To transfer your existing Home Loan to Bajaj Housing Finance, you need to meet the applicable eligibility requirements. Some of the key criteria are listed below:

For Salaried Applicants

You should be an Indian citizen (including NRIs)
Your age should be between 23 and 62 years**
You should have at least 3 years of work experience with a public sector company, private sector company, or MNC

For Self-Employed Applicants

You should be a resident Indian citizen
Your age should be between 23 and 70 years**
You should have a steady source of income from a business with a minimum vintage of 3 years

**The upper age limit refers to your age at the time of loan maturity and may vary depending on the property profile.

Please note that these eligibility criteria are indicative. Additional requirements may apply based on the applicant and loan profile.

How to Apply for Home Loan Balance Transfer

You can apply for a Home Loan Balance Transfer online by following these steps:

Visit the online Home Loan application form.
Enter your basic details, including your name and mobile number, and select your employment type.
Choose the required loan option: Home Loan Balance Transfer or Home Loan Balance Transfer + Top-up Loan.
Enter your net monthly income, including your salary and income from other applicable sources.
Provide your residential PIN code and the loan amount you require.
Click ‘Generate OTP’, enter the OTP received, and select ‘Proceed’.
Fill in the required financial details based on your employment type.
Review the information entered and click ‘Submit’ to complete the application.

Once your application is received, a Bajaj Housing Finance representative will connect with you within 24 hours* to assist you with the next steps.

*Terms and conditions apply.

Frequently Asked Questions

For a Home Loan Balance Transfer, you may need to submit KYC documents, income proof, property-related documents, documents related to your existing Home Loan, and other supporting documents. For a complete list, click here.

To apply for a Home Loan Balance Transfer with Bajaj Housing Finance, you need to meet the following criteria:

For Salaried Individuals:

You should be an Indian citizen, including an NRI
Your age should fall between 23 and 62 years**
You should have at least 3 years of work experience with a public sector organisation, private sector company, or MNC

For Self-Employed Individuals:

You should be a resident Indian citizen
Your age should be between 23 and 70 years**
You should have a regular source of business income and a minimum business vintage of 3 years

**The upper age limit refers to your age at the time of loan maturity and may vary depending on the property profile.

Yes, while KYC and property-related documents are largely similar, the income documents differ. Salaried applicants may need to submit salary slips, bank statements showing salary credits, and other employment-related documents. Self-employed applicants may need to provide consent to fetch financial information from the Income Tax and GST portals, along with bank statements of their primary business and savings accounts.

Yes, since a Home Loan Balance Transfer involves transferring an ongoing loan, documents related to your existing Home Loan may be required. These include the statement of account or repayment track record of the balance transfer loan and the sanction letter issued by the existing Home Loan lender.

For a Home Loan Balance Transfer, applicants from Maharashtra may need to submit documents such as Index II, Sale Deed, Agreement to Sell (ATS), or Allotment Letter. Applicants outside Maharashtra may need to provide the Sale Deed, ATS, or Allotment Letter. A TPA may also be required for under-construction properties outside Maharashtra. Additional property documents may be requested depending on the property profile.

Yes, salaried NRIs can apply for a Home Loan Balance Transfer with Bajaj Housing Finance, subject to the applicable eligibility criteria.

PAN Card (or Form 97, if a PAN Card is not available) is mandatory for financial applicants and co-applicants.

You can apply for a Home Loan Balance Transfer online by following these steps: