Balance Loan Transfer
New EMI
72,453
New EMI
72,453
Current EMI
97,594
Monthly EMI Saved
25,141
Total Savings
27,65,510
Balance Loan Transfer enables you to shift from existing loan service provider to new one that offer lowest interest rates and longer tenures.
Transferring your home loan to a new bank / HFC can be a good option if the new bank / HFC offers a low interest rate or additional top-up loan. The following guide will help you in transferring your balance loan to a new bank / HFC, with an ease. A penny saved is a penny earned. Now you can have more money at your disposal to spend the way you like. Reduce the burden of your existing loans by transferring them to Hapy Loan and avail the benefit of lower EMIs with our Balance Transfer product.
When you take a home loan, it is for a long duration i.e. almost up to 30 years. However, it is not necessary that you continue with the same financial institution for all those years. There is a facility that allows you to opt for a home loan balance transfer option where you can shift your loan to any other lender. There are benefits like a lower rate of interest, better customer service, easy top-up loans, etc. that one can have by choosing the home loan balance transfer option.
Features of Balance Loan Transfer
- You can transfer your home loans availed from other institutions to Hapy Loan and get a benefit of the additional top-up loan.
- Attractive interest rates
- Tenure of up to
- 30 years for salaried customers (from government/ PSU/ Private sector)
- 25 years for other salaried customers
- 20 years for self-employed customers.
- Integrated branch network that facilitates loan servicing at a branch convenient to you.
Required for Balance Loan Transfer
Identity Proof
Your PAN Card is mandatory, and any one of these:
- Passport
- Voter ID
- Aadhaar Card
- Driving License
Address Proof
- Passport
- Voter ID
- Aadhaar Card
- Electricity bill/ water bill/ telephone bill
- Driving License
Proof of Income
- Salary Slips/Bank Statement/Form 16
- Salary Certificate
Other Documents
- Signed Application Form with Picture
- Cheque For Processing Fee
- Bank Statement of Last 6 Months
Property Documents
- A letter on the letterhead of the existing lender stating the list of property documents held by them
- Latest outstanding letter from an existing financial institution on their letterhead
- Photocopy of the property documents