Pre-Approved Balance Transfer

Transfer your Home Loans to ICICI Bank and enjoy a lower interest rate!

Instant Balance Transfer of Home Loans, starting at 7.50% p.a.

No borrower enjoys paying high interest EMIs on Home Loans. So, here's a straightforward and convenient solution to reduce the debt through refinancing, an optimal way to save money on monthly instalments. The online pre-approved Balance Transfer lets you enjoy reduced interest rates, and consequently lowers the Home Loan EMIs.

ICICI Bank offers an Instant Balance Transfer option, an exclusive facility for existing ICICI Bank customers who are servicing Home Loan or Loan Against Property (LAP) from any other bank / financial institution, at a high interest rate.

Check Your Offer

As an existing ICICI Bank customer, you get swift Home Loan Balance Transfer and can repay the loan at lower interest rates, starting at 7.50% p.a. Apply for the pre-approved Home Loan Balance Transfer with Top up and experience Longer Loan Tenure, Quick Processing and Instant Balance Transfer, of up to two Property Loans.
ICICI Bank's Pre-Approved Balance Transfer is applicable for Home Loans, Loan Against Property and Non-Residential Premises Loan.

FEATURES OF THE PRE-APPROVED BALANCE TRANSFER

Instant Loan Sanction

An instant sanction letter for a loan amount of up to Rs 1 crore.

Attractive Interest Rates

Rate of interest starts from 7.50% p.a.

Low EMIs

Pay low monthly instalments with a smart option and grow your savings.

Sanction Multiple Loans

Avail of instant Balance Transfer on up to two Property Loans

Longer tenure

Save more on loan repayments, by opting for a longer loan term under the Instant Balance Transfer

Avail Top-up Loan

Overcome financial shortcomings by applying for ICICI Bank’s Home Loan Balance Transfer and Top up Loan, at the same time.

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Steps For Availing Insta Home Loan Balance Transfer Through IMobile

Watch the video to find out how to avail your ICICI Bank Insta Home Loan Balance Transfer offer through iMobile.

Get Instant Sanction of your Pre Approved Balance Transfer offer in just 3 simple steps

I give my consent to ICICI Bank representative to call, sms, e-mail me on recommended Home Loan Balance Transfer offer

Check Your Offer

FEATURES OF THE PRE-APPROVED BALANCE TRANSFER

Resident Indian

Any resident Indian can apply for the transfer facility

Savings or Salaried Account

Existing customers who hold a Savings or Salaried account

Repayment Record

To be eligible for the transfer, a customer should have a minimum repayment record of 24 months

Balance Transfer

You can apply for the Balance Transfer only if you have an ongoing Home Loan, Loan Against Property or NRP.

Documents

The approval for the Instant Balance Transfer facility is an in-principal sanction. Being an existing ICICI Bank customer, the pre-approved Balance Transfer documentation process is minimal and saves precious time. Customers may still need to submit some necessary documents of the property for due diligence. Here are pre-approved Home Loan Balance Transfer documents you would be required to produce during the application process

General Documents

Passport size photo
Last 6 months’ bank statements
Last 3 months’ salary slip or Income Tax returns
Property Documents

Interest Rates

Ideally, the interest rate for ICICI Bank’s Pre-Approved Balance Transfer facility starts from 7.50% p.a. It would vary from one individual to another, basis being a salaried or business professional. If you are looking for the lowest Home Loan interest rate for Balance Transfer, apply with ICICI Bank that ensures quick processing and instant sanction.

Property Balance Transfer Calculator

ICICI Bank customers can now check the loan eligibility for the Property Balance Transfer with the help of the below Home Loan Balance Transfer Calculator. The online calculator will estimate the loan amount you can transfer to ICICI Bank. You can get the calculation details in a jiffy.