Bajaj Home Loan Balance Transfer

Given below are details of the charges levied on Bajaj Finserv Home Loan Balance Transfer:

The following are the features of Bajaj Finserv Home Loan Balance Transfer:

• Home Loan up to Rs 3.5 Crores available
• The Home Loan balance will be taken over at an interest rate as low as 7.99% - 17.00% p.a.
• The minimum outstanding Home Loan balance should be Rs. 5 Lakhs to qualify for the takeover of the Home Loan Balance Transfer.
• Top-up loans up to Rs. 50 Lakhs on Home Loan Balance Transfer will be available
• Flexible repayment tenure of up to 240 months.

The following are the benefits of Bajaj Finserv Home Loan Balance Transfer:

• There are no hidden charges
• Part-payments can be made when surplus funds are available without any charges
• A digital portal for customers is provided to manage the Home Loan account online
• Foreclosure of the Home Loan account is permitted without any charges
• Customised insurance schemes are available to protect the family members in case of any eventuality. Insurance cover will be provided for the Home Loan liability, which will take care of any eventuality.
• A month's holiday period is provided for the balance transfer. This holiday period can be utilised to plan your repayment and organize funds.
• You can choose the repayment period as per your convenience

Following are the current Bajaj Finserv Home Loan Balance Transfer Interest Rates:

The following are the eligibility criteria for Bajaj Finserv Home Loan Balance Transfer:

• Bajaj Finserv Home Loan Balance Transfer facility is available for only ready-to-occupy or already occupied properties.
• To avail this facility, the applicant should have completed the repayment of more than 12 EMIs without any dues or bounces.
• Your outstanding housing loan amount must be above 5 Lakhs

Details of documents required for Bajaj Finserv Home Loan Balance Transfer are as given below:

• Income Proof: Latest salary slips or Form 16 has to be provided for income proof
• Identity Proof: Job Card, Voter's ID issued by NREGA/ PAN Card/ Aadhaar Card
• Address Proof: Passport/ Driving License/ Voter's ID Card/ Aadhaar Card
• Bank Statement: A minimum of 6 months' statement of the bank account where salary is being credited should be provided.
• Photograph: A passport size photographs of the applicant should be provided

Once you have decided to shift your Home Loan account from the existing lender to a new lender you should follow the process mentioned below for the balance transfer:

• A request should be submitted to the existing lender for transfer of the account along with the reasons for such a decision. The request can either be in the form of a letter or an application form stipulated for the purpose. If it is an application form, make sure that all the required details are filled accurately.
• On submitting the request for transfer the existing lender will give a No Objection Letter or a consent letter which has to be submitted to the new lender along with the other relevant documents.
• After completing the formalities with the existing lender, you will have to approach the new lender and apply for the Home Loan transfer. For this, you will have to submit relevant documents like the application form for the balance transfer, address proof, Photo ID proof, income proof, photographs, and 6 months' bank statement of the account where salary is being credited. The No Objection Letter along with the outstanding balance has to be submitted along with the other documents.
• After submitting the application along with the documents to the new lender you should wait for confirmation regarding the closure of the account from the existing lender.
• Once the confirmation is received, the next step would be to enter into a contract with the new lender and pay all the stipulated fees. After completing the procedure EMI towards the loan should be paid to the new lender henceforth.

If you have decided that your new lender will be Bajaj Finserv, then you can apply for the Home Loan Balance Transfer online by visiting their official website and following the simple steps that are detailed below:

• Your personal details like your name, date of birth, contact number, and address
• Fill in your income details in order to give you the best deal to suit your income level
• Details regarding the status of your employment have to be given
• Give the details of your existing property for which you are seeking Home Loan Balance Transfer
• Use the Home Loan Eligibility Calculator available at Bajaj Finserv's website to check your eligibility.
• Information regarding the address and location of your property along with the size of the property should be given.
• A fee has to be paid to reserve the offer that has been arrived at. Once the fee is paid the representative of Bajaj Finserv will help you through the Home Loan Balance Transfer process. The fee can be paid online through their payment portal.
• The next step will be uploading all the required documents like the address proof, signature, photo ID proof, income proof, etc.
• Once the Home Loan Balance Transfer is opted, Bajaj Finserv will provide all the details regarding the Home Loan like interest certificate, loan pass sheet, and any other important information regarding the Home Loan.

For queries regarding Bajaj Finserv Home Loan Balance Transfer the customer care centres can be contacted via the phone numbers provided below:

• New customers can contact the 24 x 7 toll free number 1800-103-3535 for any details regarding Home Loan Balance Transfer or SMS 'SHOL' to 9773633633.
• Existing Customers can call 020-39575152 from the registered mobile number for any queries regarding Home Loan Balance Transfer. If you are not calling from the registered mobile number then keep the 7-digit customer ID or EMI card number handy for verification.
• Existing Customers can also send an SMS to the number +91-9227564444
• In addition to the above existing customers can give a missed call to the number +91 919810852222 from their registered mobile number and get details instantly vide SMS.