Eligibility criteria and documents required

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

APPLY

Eligibility criteria and documents required

A salaried individual can apply for our home loan balance transfer & top-up loan 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 a salaried applicant, you must be between 23 years to 65 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 salaried applicant, you must be employed with a stable income source from a public or a private company with a minimum of 3 years of work experience.

Documents required:

  • KYC documents (identity and address proof)
  • Proof of income (latest salary slips)
  • Property-related documents such as the title deed of the property
  • Account statements for the last 6 months

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

More details

You can easily apply for a home loan balance transfer if you fall within the eligible age limit and income profile. If you want to refinance your home loan, you should have a CIBIL Score of 725 or above.

You can transfer your existing home loan to us as we offer one of the most affordable interest rates in most of the Indian cities. Any salaried professional can apply for the balance transfer facility after meeting certain requirements.

A salaried individual between the ages of 23 years to 65 years may apply as long as they match the required income profile. A solo applicant must fulfill a minimum net salary requirement of up to Rs. 50,000/- per month. After you provide the essential documents, they will be verified, and your final loan amount will be approved. You are also eligible for an additional loan, known as the top-up loan if you wish.

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 & top-up loan

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Step-by-step guide to applying for a home loan balance transfer & top-up loan

  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.