Planning to transfer your loan? Home Loan Balance Transfer facility helps you transfer your outstanding loan amount from your current lender to a new lender with lower interest rates and better terms. Transfer your existing loan with Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) to ICICI Bank. The facility is applicable for Home Loan, Land Loan, Home Improvement Loan and Office Premise Loan. It is easy and quick.
Feature & Benefits of Balance Transfer for NRI
Steps to Apply
Step 1
Fill up your basic & income details
Step 2
Check & accept offer
Step 3
Payment of Processing Fee
Step 4
Upload KYC & income documents.
Step 5
Download provisional sanction letter*
TnC *This is only a provisional offer, in principle approval will only be after loan application is assessed by our credit manager.
| Sr No | Document Type | Salaried | Self-employed |
|---|---|---|---|
1
|
Duly signed application form with passport size Photograph
(Applicable only if loan is applied in physical mode) |
Y
|
Y
|
2
|
KYC documents :
|
Y
|
Y
|
3
|
Income proof:
|
Y
|
N
|
4
|
Income proof:
|
Y
|
N
|
5
|
Business proof
|
N
|
Y
|
6
|
Overseas Credit Bureau Report
(Must reflect credit score & repayment history of overseas loans & credit card and not older than 45 days ) (Applicable for USA, Canada, UK, Singapore, Hong Kong , Germany, Kuwait , Saudi Arabia , Bahrain , Qatar, UAE, Oman, New Zealand, South Africa, Australia, Ireland) |
Y
|
Y
|
7
|
Additional Document only required for Balance Transfer:
Last 1 Year Bank statement through which EMI is getting debited or statement of loan account |
Y
|
Y
|
As a home owner, it is important to know the ways you can save on your loan repayment and manage your budget after buying your home.
