Check out some of the important details about HDFC home loan balance transfer listed below -
Balance Transfer Components | Details |
---|---|
Interest Rate for Salaried & Self-employed | 8.50% - 9.00% |
Processing fee | Up to 0.50% of the loan amount or Rs.3,000 whichever is higher, plus applicable taxes. |
Eligibility | If you currently have a home loan with another bank or HFL, and have maintained a regular payment track for at least 12 months, you are eligible to apply for a balance transfer loan from HDFC |
Maximum Tenure | 30 yrs. |
Current Home Loan Balance Transfer Interest Rates Starting @8.50%, Check EMI & Apply Now
Note: Note: HDFC Ltd. is powered by https://www.hdfc.com/ and the information mentioned here is provided by HDFC.
Although we know that HDFC is offering the lowest balance transfer rate of 8.50% - 9.00% p.a., it is important to know the exact interest rate which is being offered according to the working condition of the loan applicant.
Balance Transfer Particulars | Details |
---|---|
Interest Rate per annum | 8.50% - 9.00% |
Processing fee | Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes. |
Self-employed Professionals | Self-employed Non-Professionals (SENP) |
---|---|
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Company Secretary etc | Trader, Commission Agent, Contractor etc. |
Balance Transfer Particulars | Details |
---|---|
Interest Rate per annum | 8.60% - 9.60% |
Processing fee | Up to 0.50% of the loan amount or Rs. 3,000 whichever is higher, plus applicable taxes. |
Best Home Loan Interest Rates Starting @8.50%, Check EMI & Apply Now
Top Banks | Interest Rates | Processing fee |
---|---|---|
HDFC | 8.50% - 9.00% | Up to 0.50% of the loan amount or Rs. 3,000 whichever is higher + GST |
Kotak Mahindra Bank | 8.85% - 9.40% | Up to 0.50% of the loan amount + GST |
IDFC First Bank | 8.85% - 9.25% | Up to 0.50% of the loan amount + GST |
Home First Home | 8.00% - 22.00% | 2% of the loan amount |
Bajaj Finserv | 8.50% - 14.00% | Up to 0.50% of the loan amount + GST |
Bank of Baroda | 9.15% - 10.60% | Up to 0.50% of the loan amount + GST |
Federal Bank | 10.15% - 10.30% | Up to 0.50% of the loan amount + GST |
HSBC Bank | 8.60% - 8.85% | 1% of loan amount or Rs 10000 |
SBI | 9.15% - 9.65% | Up to 0.35% of the loan amount + GST |
ICICI Bank | 9.00% - 10.05% | 0.50% - 2.00% of the loan amount or Rs. 3000/- whichever is higher + GST |
Canara Bank | 8.90% - 11.15% | 0.50% of the loan amount (Min. Rs.1,500 and Max. Rs.10,000) |
Every Home Loan Balance Transfer consists of certain processing fees and other charges involved in the transfer. Listed below are the respective details -
For Salaried/Self Employed Professional:
Up to 0.50% of the loan amount or Rs.3,000 whichever is higher, plus applicable taxes.
Minimum Retention Amount: 50% of applicable fees or Rs.3,000 + applicable taxes whichever is higher.
For Self Employed Non-Professional:
Up to 1.50% of the loan amount or Rs.4,500 whichever is higher, plus applicable taxes.
Minimum Retention Amount: 50% of applicable fees or Rs.4,500 + applicable taxes whichever is higher.
Type | Charges |
---|---|
Check Dishonour Charges | Rs.300** |
List Of Documents | Up to Rs.500 |
Photo Copy Of Documents | Up to Rs.500 |
PDC Swap | Up to Rs.500 |
Disbursement Cheque Cancellation Charge Post Disbursement | Up to Rs.500 |
Re-Appraisal Of Loan After 6 Months From Sanction | Up to Rs.2,000 plus applicable taxes |
Reversal of Provisional Prepayment under HDFC Maxvantage Scheme | Rs.250/- plus applicable taxes/statutory levies at the time of reversal |
Checkout the complete process of How to Calculate Home Loan Eligibility on Your Own?
ID Proof and Address Proof
Income Proof
Documents for Balance Transfer
Other Documents
Photo ID and Residence Proof
Income Proof
Documents for Balance Transfer
Other Documents
Apply for Home Loan Balance Transfer online instantly and get lower interest rate starting at 8.50% p.a. Get better terms and services. You can also avail instant top up loan facility during balance transfer.
You can apply for the Kotak Bank Home Loan Balance Transfer through net banking if you are an existing customer of Kotak Mahindra Bank.
If you are a new customer, you will have to access the official website of the bank and go through the following steps.
Transfer of the outstanding balance in the existing home loan with other lenders other than Kotak Mahindra Bank primarily to avail the benefit of a lower rate of interest is Kotak Mahindra Bank Home Loan balance transfer.
If you know your CRN, you can log in to net banking and view the outstanding home loan details by clicking on the ‘Instalment Loans’ tab.
If you do not know your CRN, you can get one by sending an SMS to 9971056767 or 5676788 from the registered mobile number and mention CRN. The CRN will be sent instantly.
You can also check the outstanding loan details through Kotak Mobile App by clicking on ‘Loans’ on the home page.
Another way of knowing your home loan outstanding balance is by calling Kotak Bank Customer Care.
The following benefits can be enjoyed by availing of the Kotak Mahindra Bank Home Loan Balance Transfer.
You can check the status of Kotak Bank Home Loan Balance Transfer step-by-step by accessing the official website of the bank.
You can also call the Kotak helpline number or visit the nearest Kotak Mahindra Bank branch to check the status of the loan application.