Pre-approved Home Loan
ICICI Bank Home Loan Balance Transfer

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 6.70% 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. As an existing ICICI Bank customer, you get swift Home Loan Balance Transfer and can repay the loan at lower interest rates, starting at 6.70% 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.

Check Your Offer  

ICICI Bank Home Loan Balance Transfer

Features of the Pre-approved Balance Transfer:

Steps for availing Insta Home Loan Balance Transfer through iMobile

Steps for availing Insta Home Loan Balance Transfer through iMobile

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

Check Your Offer  

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

Instant Balance Transfer Eligibility

Below is the balance transfer eligibility criteria to avail the facility:

Interest Rates

Ideally, the interest rate for ICICI Bank’s Pre-Approved Balance Transfer facility starts from 6.70% 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.


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

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.

How to apply?

Avail Instant Sanction for Home Loan Balance Transfer offers in 4 steps via ICICI Bank’s Internet Banking:

Step 1: Log in & Apply
Step 2: Adding the Loan Details. If you have more than one loan, choose the Home Loan you wish to transfer
Step 3: Authorise the Loan Transfer
Step 4: Click on the “Download Sanction Letter” option, to get the sanction letter online.

Why Balance Transfer to us is a Smart Choice?

Why choose Top-up Loan with Balance Transfer?

top up icon

You can avail of the Top-up Loan for personal and professional needs

top up icon

Minimal documentation process for application and approval of loans

top up icon

No additional collaterals are needed for loan approval 

top up icon

Simple and swift process for urgent funds with reduced EMI benefits

Pre-approved Balance Transfer FAQs

What is an Instant Balance Transfer?

Instant Balance Transfer is a pre-approved Balance Transfer facility for Salary & Savings account holders of ICICI Bank. You can avail instant sanctions on the transfer of Home Loans or LAP outstanding balances, at lower interest rates.

Why should I opt for an Instant Balance Transfer?

Pre-approved customers of ICICI Bank can avail a host of benefits by getting Home Loan Balance Transfer offers, online. These include Instant Online Sanctions, Attractive Interest Rates, Longer Tenure, Quick Processing and Affordable EMIs. The pre-approved Balance Transfer is the best facility that saves you money for future purposes.

What is the maximum tenure that can be given under the pre-approved Balance Transfer?

As per ICICI Bank, the maximum tenure for a Home Loan is 20 years. For Non-Home Loans, the maximum tenure limit is 15 years.

Can I get an offer on a fixed rate of interest for a pre-approved Balance Transfer?

The Instant Balance Transfer or the pre-approved Balance Transfer facility, follows a floating interest rate. The customer cannot avail of a fixed rate.

Can specialised/under construction properties be funded under a pre-approved Balance Transfer?

No! ICICI Bank does not offer funding for specialised or under-construction properties.

How will I receive a sanction letter for a pre-approved Balance Transfer?

A sanction letter is offered by ICICI Bank once you submit the application. To get the sanction letter online for Home Loan Balance Transfer process, all you need to do is to follow the steps and apply through ICICI Bank’s Internet Banking:

  • Log in to ICICI Bank Internet Banking

  • Customise your loan

  • Authorise the transfer.

Once you fill in all the loan details and make the processing fee payment, you will be displayed a tab to "Download". The Sanction Letter is sent to your registered email ID.

Alternatively, you can initiate a pre-approved Home Loan Balance Transfer procedure offer through ICICI Bank’s iMobile Pay app by following the below steps:

  • Log in to the ICICI Bank iMobile Pay app

  • Click on "Offers"

  • Once you see the "Balance Transfer" offer, click on "Get It Now".

Can I transfer 2 Home Loans under a pre-approved Balance Transfer offer?

Yes! With ICICI Bank’s Instant Balance Transfer facility, you have the flexibility to transfer up to 2 loans. If you are applying for the outstanding Balance Transfer via ICICI Bank’s Internet Banking, you will be able to view both loans, separately.

If you have two loans for the same property, you will have to shift both loans to ICICI Bank.

If you have two different loans running for two different properties, you have the option to transfer one or both the loans.

If I’m transferring two Home Loans, will the processing fee be applicable for a single loan or both loans, separately?

If you are transferring two Home Loans, the Home Loan Balance Transfer charges, including processing fee will be applicable on the Total Loan Amount, under the Instant Balance Transfer facility.

Can I transfer more than two loans under a pre-approved Balance Transfer offer?

No! ICICI Bank’s Instant Balance Transfer facility allows you to transfer a maximum of two loans.

How can I avail of a pre-approved Balance Transfer, if Internet Banking is not activated?

You can still get the pre-approved Balance Transfer offer through ICICI Bank’s iMobile Pay app. If you have not yet downloaded the mobile application, you can get it from Google Play Store or App Store. Below is the Instant Balance Transfer process:

  • Step1: Log in to ICICI Bank iMobile Pay mobile application

  • Step 2: Click on "Offers"

  • Step 3: You will see Balance Transfer Offer

  • Step 4: Click on "Get it Now"

  • Step 5: Select the loan you want to transfer

  • Step 6: Select the Type of Loan, Property Location, Existing EMI, Balance Tenure

  • Step 7: Click on "Proceed"

  • Step 8: Verify your loan details, including EMI, Rate of Interest, Tenure and Processing Fee

  • Step 9: Select the account from which the processing fee should be deducted

  • Step 10: Accept Terms & Conditions

  • Step 11: Click on "Proceed".

On what basis is the pre-approved Balance Transfer decided for a particular customer? What factors are taken into consideration while deciding the loan amount?

Instant Balance Transfer is a pre-approved Balance Transfer offer for existing ICICI Bank customers. The bank assesses factors such as credit bureau checks, loan amount, among others.

What is the rate of interest for Instant Balance Transfer?

Instant Balance Transfer rate is 6.70% p.a. It may vary as per your loan amount. The interest rate will be displayed online when you avail the pre-approved Balance Transfer offer via ICICI Bank Internet Banking or the iMobile Pay app.

What is the process for documentation and KYC related aspects of this product? Is it digital, or should a customer visit the local branch?

Instant Balance Transfer saves you from the hassle of a complicated and time-consuming documentation process. Since you are an existing ICICI Bank customer, you do not have to go through the entire balance transfer documents process again. However, you will be required to submit income proof and property documents, after sanction.

Is there a facility of applying for a joint Home Loan through this product?

Yes, if your Home Loan has a co-applicant, you can still opt to jointly apply for the pre-approved Home Loan Balance Transfer.

What is the validity of the Sanction Letter availed under Instant Balance Transfer?

A Sanction Letter offered for the Instant Balance Transfer is valid for 3 months. You can apply for Home Loan Balance Transfer anytime during this period.

Customer Reviews

Sort By

Scroll to top