Home Loan
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Balance Transfer
Take advantage of a Home Loan Balance Transfer with interest rates starting from 7.75%* p.a. (Floating) Move your existing loan, ranging from ₹ 20 Lakh* to ₹ 10 Crore*, to secure better terms and lower EMIs. Also, benefit from a top up option that allows you to borrow additional funds over your current loan amount, giving you more financial freedom and flexibility.
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹20,00,000
₹10,00,00,000
Interest rate (per annum)
%
7%
13%
Loan tenure (months)
36 months
360 months
Estimated EMI
per month- ₹ 36,690
Interest payable
₹52,41, 690
Eligibility & Documents
Eligibility For Home Loan Balance Transfer
Check if you qualify for a Balance Transfer Home Loan by reviewing key eligibility criteria such as age, residency, profession, and income.
Residency:
Indian residents and Non-Resident Indians (NRIs) can apply
Age:
Salaried applicants: 23 - 70 years
Self-employed applicants: 25 - 70 years
Profession:
Applicable to salaried individuals, self-employed professionals, and non-professionals
Income:
Additional income from co-applicants and other verifiable sources may improve eligibility and loan limits
Documents Required For Home Loan Balance Transfer
Know the essential documents required for a Home Loan Balance Transfer, including ID, address, income proof, and existing loan documents for a smooth process.
Age Proof:
Aadhaar Card, PAN Card, Passport
Address Proof:
Utility bills (≤2 months), Aadhaar Card, Driving License, Passport, Voter ID, etc.
Photo ID Proof:
PAN Card + any one: Aadhaar Card, Driving License, Passport, Voter ID, NREGA Job Card, or NPR letter
Income Proof:
Dependent on employment status (salaried/self-employed) with a detailed list available
Existing Loan Documents:
Foreclosure letter from existing lender, list of previously submitted documents, latest statement of account
Fees and Charges For Home Loan Transfer
Get a clear overview of the fees and charges for a Home Loan Transfer, including processing fees, legal costs, and other applicable expenses.
Type
Interest Rate & Charges
Processing Fees:
Up to 3% of sanctioned amount + applicable taxes
Login Fees:
Up to Rs.5000 /- (inclusive of applicable taxes) (nonrefundable)
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandateAs shown in the table below
Loan sanction amount (in INR)
Charges in (in INR)
< 5 lacs
₹ 500
5 – 50 Lacs
₹ 1000
>50 Lacs – 2 Cr
₹ 1500
>2 Cr
₹ 2000
Penal Charge/Late Payment Charge (LPC)
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Annual Maintenance Charges
NA
Document retrieval / Duplicate NOC charges
Duplicate NOC (charge is applicable for paper copy post 3 free copies per customer), list of documents, Photo copies of the documents (property & others) Up to Rs.1000/- + applicable taxes
Repayment instrument Swap Charges (per swap):
Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)
Asset Valuation & Verification fee
Up to 1% of loan amount + applicable taxes
Documentation and repayment setup fee
Up to Rs. 2,000/- + applicable taxes
Interest conversion fee
Floating interest rate to floating interest rate: 0.5% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxes
Floating interest rate to a fixed interest rate and vice versa: 1% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxesCharges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002
Issue of Loan Recall Notice = Up to Rs. 500/ –
Issue of Demand Notice = Up to Rs. 1,000/ –
Issue of Possession Notice = Up to Rs. 2,000/ –
Applying District Magistrate Order = Up to Rs. 8,000/ -
Taking Physical possession. Up to Rs. 20,000/ –
Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice / Publication Demand Notice / Publication of Sale cum Auction Notice. All applicable taxes will be added.Loan Cancellation Charges
Up to Rs. 5000/ – + applicable taxes
Foreclosure / Full Prepayment Charges – Home Loan
For Individual / Non-Individual Borrowers –
Floating Rate – Nil Charge
Fixed Interest Rate –
i. Less than 1 year from disbursement – Up to 3% on principal outstanding + applicable taxes
ii. Post 1 year of disbursement – Up to 2% on principal outstanding + applicable taxesPre-payment Charges – Home Loan
For Individual / Non-Individual Borrowers –
Floating Rate – Nil Charge
Fixed Interest Rate –
i. Less than 1 year from disbursement – Up to 3% on Partial / Prepayment amount + applicable taxes
ii. Post 1 year of disbursement – Up to 2% on Partial / Prepayment amount + applicable taxesNon-compliance fee
Up to 1% of principal outstanding + applicable taxes
Field collection service fee
Up to Rs. 500/- per collection + applicable taxes
Legal fees and charges
As per actuals or Up to Rs. 50,000/- whichever is lower + applicable taxes
Recovery charges
As per actuals or Up to Rs. 1,00,000/- whichever is lower + applicable taxes
Auction fees
Up to 1% of auction sale amount + applicable taxes
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