HDFC Bank Home Loan Balance Transfer

Check out some of the important details about HDFC home loan balance transfer listed below - 

Current Home Loan Balance Transfer Interest Rates Starting @9.40% - 9.95%, Check EMI & Apply Now

Although we know that HDFC is offering the lowest balance transfer rate of 9.40% - 9.95% p.a., it is important to know the exact home loan balance transfer interest rates which is being offered according to the working condition of the loan applicant. 

Home Loan BT Rate for Salaried & Self-employed Professionals

Classification of Self-employed

Home Loan BT Rate for Self-employed Non-Professionals

Check Home Loan Balance Transfer Interest Rate for lowest HL BT interest rates.

You can also check HDFC Home Loan EMI Calculator Online.

Every Home Loan Balance Transfer consists of certain processing fees and other charges involved in the transfer. Listed below are the respective details -

Processing Fees for HDFC Home Loan Balance Transfer

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.

Other Charges for HDFC HL BT

You can also check HDFC MCLR Rate Today

• Age: 21-65 years
• Nationality: Indian Resident
• Profession: Salaried applicants/Self-Employed Professionals /Self-Employed Non-Professionals

Checkout the complete process of How to Calculate Home Loan Eligibility on Your Own?

For Salaried Applicants

ID Proof and Address Proof

• Driving License
• Voter ID
• PAN Card
• Passport

Income Proof

• Salary Slips for last 3 months
• Latest ITR and Form-16
• Bank Statement for past 6 months showing salary credits

Documents for Balance Transfer

• Xerox of property documents
• A letter from the existing lenders on their letterhead mentioning the list of property documents held by them
• A letter on the letterhead of the existing financial institution stating the current outstanding balance

Other Documents

• Processing Fee cheque favoring HDFC Bank.
• Bank statement for last 6 months showing the repayment of ongoing loans
• Passport size photograph attached on the application form with signatures across
• Employment Contract/ Appointment Letter if the current employer is 1 year old

For Self-Employed Applicants

Photo ID and Residence Proof

• PAN Card
• Voter ID
• Passport
• Driving License

Income Proof

• ITR along with income computation for the last 3 years (for individual and business entity attested by a CA)
• Balance Sheet for last 3 years and profit and loss account statement with annexure/schedules (for business entity and individual attested by CA)
• Savings account statement of individual and current account statement of business entity for past 6 months

Documents for Balance Transfer

• Photocopy of property documents
• A letter on the letterhead of the existing lender stating the list of property documents held by him
• A letter from the existing lending institution on their letterhead stating the latest outstanding balance

Other Documents

• Partnership deed, if the business entity is a partnership firm
• Latest Form 26AS
• Business profile
• Details of an existing loan of the individual and business entity including outstanding amount, remaining tenure, installments, security, etc.
• Articles of Association and Memorandum of the company
• Application form with passport size photograph attached and signed across
• List of shareholders and directors with their individual shareholding certified by CA and CS in case the business entity is a company
• Processing Fee Cheque in favor of HDFC Bank.

You can also Check Pan Number for All Banks