ICICI Bank Home Loan Balance Transfer

Balance Transfer refers to transferring your existing Home Loan/Mortgage Loan from one bank/financer to another.

With a balance transfer facility, you can transfer your existing Home Loan running at a higher rate of interest to another bank/financer offering a lower interest rate. Hence, the EMI reduces and you save on your monthly outflows. Further, you can also take additional loan referred to as Top-up Loan, on your existing property along with the transfer. This can be used for any personal use like refurnishing of house, holiday, education of children, etc.

For Home Loan - Up to 20 years; For Non-Home Loan - Up to 15 years. This tenure is subject to your age and the original tenure of existing loan.

No, floating rates are available for pre-approved Balance Transfer online.

No, it cannot be funded.

In the online journey, you will be shown your applicable EMI and rate of interest. Once you confirm the same and make the fee payment, you will be displayed the tab to “Download” the Sanction Letter. It will also be sent to your registered e-mail ID.

Yes, you can transfer up to 2 loans under pre-approved Balance Transfer. In the offer displayed on Internet Banking, you will see the details of both loans separately. However, you have to confirm if loans are on same property or different properties.

• If loans are on same property – both loans have to be transferred
• If loans are on different property – you can choose Balance Transfer of any 1 loan or both.

Fee will be applicable for both loans on the total loan amount.

No. Offers are not generated/available for more than 2 Home/Mortgage Loans

You can get Internet Banking activated or connect with your RM. You can also connect with us on <Phone number of Customer Care>  for the same.

Instant Balance Transfer is an exclusive pre-approved balance transfer offer for ICICI Bank customers. With this offer, customers can avail of instant online sanction for loan amount up to Rs 1 crore for 20 years. Customers can also transfer up to 2 Mortgage Loans under this product. No documentation is required for sanction of this loan.

Instant Balance Transfer pre-approved offers are generated on ICICI Bank customers, basis parameters such as credit bureau checks and existing relationship with the Bank, among others.

Rate of interest is dependent on Mortgage Loan type (Home Loan, Loan Against Property, etc.) and is starting at <7.7>% per annum. The rate of interest is displayed online when availing of the offer. Click here to check the same. 

For availing of disbursement, customer can contact the assigned relationship manager. RM details will be mentioned in the sanction letter. Property checks and co-applicant addition will be done before disbursement.

Yes, co-applicants as per the original loan will be added under this product before availing of disbursement.

Sanction letter is valid for 3 months. During this time period, you can avail of disbursement.