Aditya Birla Housing Finance Home Loan Balance Transfer

Details of Aditya Birla Housing Finance Home Loan Balance Transfer

The key details of Aditya Birla Housing Finance Home Loan Balance Transfer are given below:

Interest rate	8.60% - 15.25% p.a. for salaried/ self-employed professionals & 9% - 17.50% p.a. for self-employed non-professionals
Processing fee	Up to 1% of the loan amount
Prepayment charges (part & full)	Nil for floating rate home loans & 2% of principal outstanding for other than floating rate home loans to individuals
Top-up loan	Available
Age	Minimum 21 years
Credit score	650 & above or New to Credit
Income	Varied criteria depending on the loan amount
TAT to process a balance transfer	2 - 4 weeks
Maximum loan amount that can be transferred	No limit

Features & Benefits of Aditya Birla Housing Finance Home Loan Balance Transfer

Lower interest rates: Competitive interest rates vary between 8.60% to 15.25% p.a. for salaried & self-employed professionals and 9% to 17.50% p.a. for self-employed non-professionals.
100% transparency: The applicant is informed about each milestone achieved in their loan journey.
Instant top-up loan: Get instant digital sanction for a top-up home loan application at your convenience on the ABCD app to cover additional expenses at comparable interest rates.
Easy repayment options: Choose between EMIs or structured repayments, depending on what is more convenient according to your needs and budget.
Restructure loan: You can opt for a higher/ lower loan tenure at the time of transfer depending on your situation.

Borrower Type	Rate of Interest
Salaried	8.60% - 15.25% p.a.
Self-employed Professional (SEP)	8.60% - 15.25% p.a.
Self-employed Non-Professional (SENP)	9% - 17.50% p.a.

Borrower Type

Rate of Interest

Salaried

8.60% - 15.25% p.a.

Self-employed Professional (SEP)

8.60% - 15.25% p.a.

Self-employed Non-Professional (SENP)

9% - 17.50% p.a.

Fee & Charges of Aditya Birla Housing Finance Home Loan Balance Transfer

Type of Charge	Description
Processing fee	Up to 1% of the loan amount
Prepayment charges (part & full)	Nil for floating rate home loans & 2% of principal outstanding for other than floating rate home loans to individuals
Default penal interest rate/ non-conformance with any covenants/ stipulated conditions	24% p.a. (2% per month)
NACH failure charges	Rs. 750 per instance
Accrued interest	As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI charges	Rs. 50 per property when the facility amount is up to Rs. 5 Lakhs & Rs. 100 per property when the facility amount is above Rs. 5 Lakhs
Pre-closure quote charges	Rs. 1,000 per instance
Requesting copies of any collateral held with ABHFL	Rs. 750 per instance
Duplicate statement/ repayment schedule	Rs. 200 per instance
Stamp duty, legal & other statutory charges, insurance premium, creation charges with ROC	As per actual, where applicable
Cheque return/ ECS failure charges	Rs. 750 per instance
CIBIL report retrieval fee	Rs. 50 per instance for consumer CIBIL & Rs. 500 for commercial CIBIL
Loan rescheduling charges	0.50%
NOC issuance charges	Rs. 500
Cancellation charges (if any)	4% of the loan amount disbursed
Swap charges (fixed or semi-fixed rate to floating & vice-versa)	2% of the loan outstanding
Other charges	Applicable GST @ 18% will be levied

Eligibility Criteria for Aditya Birla Housing Finance Home Loan Balance Transfer

Nationality	Indian
Employment type	Salaried, self-employed professional (SEP) & self-employed non-professional (SENP)
Minimum age at the time of loan application	21 years
Maximum age at loan maturity	60 years for salaried & 70 years for self-employed
Credit score	650 or above and new to credit (NTC)
Income	Varied criteria depending on the loan amount

Documents Required for the Aditya Birla Housing Finance Home Loan Balance Transfer

(A) Documents List for Salaried Applicants

Proof of identity & address	Aadhaar Card Passport Driving License Voter's ID Job Card issued by NREGA Registration certificate PAN Card (only as identity proof)
Proof of income	The last 3 months’ salary slips showing all deductions & Form 16
Bank statement showing salary	Last 6 months
Proof of other income	Rental receipts/ documents showing receipt of income
Property documents	Copy of title documents and approved sanction plan

(B) Documents List for Self-employed Applicants

Proof of identity & address	Aadhaar Card Driving License Passport Voter's ID Registration Certificate Job Card issued by NREGA PAN Card (only as identity proof)
Proof of income	Last 2 years ITR/ financial documents & computation of income certified by a CA
Bank statement where income is credited	Last 6 months
Proof of other income	Rental receipts/ documents showing receipt of income
Property documents	Copy of title documents and approved sanction plan

Flexible repayment tenure up to 30 years
Attractive rate of interest, calculated on daily reducing balance

FAQs

Why is a Home Loan Balance Transfer the Best Option for Aditya Birla Housing Finance?

Here are some of the reasons to apply for a home loan balance transfer at Aditya Birla Housing Finance:

Convenient transfer process
Instant digital sanction of top-up on your existing loan
Lower interest rates starting at just 8.60% p.a.
Customisable longer repayment tenure
Choose from EMIs or structured repayments
Improved customer service

Can I transfer my existing home loan to Aditya Birla Housing Finance?

Yes, you can easily transfer your existing home loan balance to Aditya Birla Housing Finance with Aditya Birla Housing Finance home loan balance transfer facility.

What is the maximum loan amount I can avail through a Home Loan Balance Transfer with Aditya Birla Housing Finance?

The maximum loan amount you can avail through an Aditya Birla Housing Finance home loan balance transfer depends on the type of balance transfer you choose. Under Express Balance Transfer, you can get up to Rs. 3 Crore home loan and under Priority Balance Transfer, you can get up to Rs. 1 Crore home loan

How long does it take to complete a Home Loan Balance Transfer with Aditya Birla Housing Finance?

Typically, it can take 2-4 weeks to process a balance transfer with Aditya Birla Housing Finance.

Does Aditya Birla Housing Finance offer any pre-approved offers for Home Loan Balance Transfers?

You can contact Aditya Birla Housing Finance Limited customer care on their toll-free number: 1800 270 7000 to enquire about any pre-approved offers for Home Loan Balance Transfers.

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