Home loan balance transfer eligibility and documents for doctors

Read on to know the criteria required to apply for our home loan balance transfer.

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Eligibility criteria and documents required

Anyone can apply for our home loan balance transfer facility as long as they meet the criteria mentioned below.

Eligibility criteria

  • Nationality: You must be an Indian citizen residing in India with property in a city we operate in.
  • Age: As an applicant, you must be between 23 years to 75 years.
    *The upper age limit is considered as the age at the time of loan maturity.
  • CIBIL Score: A CIBIL Score of 725 or higher is ideal to get your home loan balance transfer approved.
  • Employment status: As a self-employed doctor, you must hold an MBBS or subsequent higher degree. You should also have a business continuity of over 5 years in your current practice.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (P&L statement & ITR)
  • Property-related documents such as the title deed of the property
  • Proof of medical practice existence
  • Account statements for the last 6 months

Note: This is an indicative list that may change based on your actual loan application.

More details

It is necessary to be under the eligible age limit and income profile if you wish to apply for a home loan balance transfer.

Bajaj Finserv offers exclusive interest rates in most Indian cities to self-employed doctors who are between 23 years to 65 years.

If you are a self-employed doctor with a CIBIL Score of 725 can easily apply for a home loan balance transfer with us after meeting certain requirements. You will have to furnish a few documents and after their verification, your final loan amount will be approved.

Still haven’t found what you are looking for? Click on any of the links at the top of this page.

How to apply for a home loan balance transfer

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Step-by-step guide to applying for home loan balance transfer for doctors

  1. Click on the 'APPLY' button on this page.
  2. Enter your full name, mobile number, employment type, and the type of loan you wish to apply for.
  3. Generate and submit your OTP to verify your phone number.
  4. Next, choose your current home loan lender from the drop-down and enter your monthly salary and the loan amount required.
  5. In the next step, enter additional details like your DOB, PAN number, email Id, current EMI amount, and other details.
  6. Finally, click on the ‘SUBMIT’ button.

That is it! Your application is submitted. Our representative will connect with you to guide you through the next steps.