Balance Transfer

Balance Transfer is a best option to lower your EMI by transferring the current loan amount to a new bank offering lower rate of interest. It is just the process of transferring the outstanding loan amount to a new bank which offers lowest rate of interest. It helps to reduce the burden of paying higher rate of interest which reduces the amount of monthly EMI payments drastically. You can avail balance transfer if you have regularly paid minimum of 6 - 12 of your monthly EMI on time.


Apply to Transfer your Balance Loan Amount and Save on lower EMI

Please Select
Please enter Top Up Amount
Please select Existing Loan Type
Please select Existing Loan From
Please enter Total Loan Amount
Please enter Current Interest Rate on Loan
Please enter Tenure in Months
Please enter Loan Start Date
Please select Pincode / City
Please select Property Type
Please enter Property Value
Please select Bank
Please select Salary Mode
Please enter EMI other than Existing Loan EMI
Please select Occupation
Please type Company Name
Please select Company Type
Please select Constitution
Please select Constitution
Please enter Net Annual Income
Please enter Last Year Profit
Please enter Net Gross Receipts
Please enter Current Work Exp
Please enter Total Work Exp
Please Enter First Name
Please enter Last Name
Please select DOB
Please select Pincode / City
Please enter Mobile Number
Please enter Email
Please enter PAN No.
Please enter Years

Please enter Co-applicant Full Name
Please select Relationship
Please select Coapplicant Occupation
Please enter Net Annual Income
Please enter Existing Loan EMI

Switch to take advantage of lower interest rates

Save money on low EMI Amount.

Avail additional Top-up on your existing loan amount.

Should be a Resident of India

Property must be ready to occupy or already occupied

Atleast should have paid 6 to 12 EMI’s on Existing Loan

No outstanding dues on Existing Loan Amount


1) Age - 23 to 62 years

2) Work Experience – at least 3 years

Self Employed*

1) Age - 25 to 70 years

2) Minimum 5 years of Continuity in Current Business

Occupation Personal Loan Home Loan Loan Against Property
Salaried ** ROI 10.50% - 31% 6.80% - 12% 8.35% - 24%
**PF 0.25% - 2.50% 0.25% - 1% 1% - 3%

**Interest Rate will vary as per Customers Risk Score

List of Papers/ Documents Applicable to all Applicants

Loan Application Completed Loan Application form duly filled

Proof of Identity (Any one) PAN/ Passport/ Driver’s License/ Voter ID card

Proof of Residence Address (Any one) Recent copy of Telephone Bill/ Electricity Bill/Water Bill/Piped Gas Bill or copy of Passport/ Driving License/Aadhar Card

Account Statement Last 6 Months Bank Account Statements for all Bank Accounts held by the Applicant/s

3 Passport Size Photographs

Income Proof for Salaried Applicant/ Co-applicant/ Guarantor

Salary Slip or Salary Certificate of last 3 months

Copy of Form 16 for Last 2 Years or Copy of IT Returns for last 2 financial years, Acknowledged by IT Dept

Income Proof for Non-Salaried Applicant/ Co-applicant/ Guarantor

Business Address Proof

IT Returns for Last 3 Years

Balance Sheet & Profit & Loss A/c for last 3 years

Business Licence Details(or equivalent)

TDS Certificate (Form 16A, if applicable)

Certificate of Qualification (for C.A./ Doctor and other professionals)

Property Papers in case of Home Loan and Loan Against Property

NOC from Society/Builder

Registered agreement for sale

Occupancy Certificate

Share Certificate(only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt

Chain of all Old Agreements for Sale.

Documents from the other Bank

List of original documents held at Bank

Loan A/c Statement for the past one year

Sanction Letter

Interim Period Security

Check your current rate and calculate interest savings

Calculate the estimated cost on account of various fees and charges

Shortlist new bank that you wish to transfer your loan to; decide if you want top up loan or not Obtain list of property documents deposited with your existing bank (in case this is not available with you already) and foreclosure letter from existing bank

Apply for loan with new bank with photocopy of existing banks loan document

Obtain Sanction and execute new loan agreement

Take disbursement from new bank by way of cheque/ demand draft in favor of existing bank and also deposit the same

Obtain property documents from old bank and deposit with new bank