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Balance Transfer refers to the transferring of the outstanding Home Loan Balance from one financial institution to another, for a lower interest rate or top up or higher tenure. If you are looking for ways to save for the future, switch to ICICI Bank Home Loan Balance Transfer option. It’s a smart move, as it lets you transfer your Home Loan outstanding balance to ICICI Bank, at a Repo Rate-linked attractive rate of interest.
Home Loan Balance Transfer
Balance Transfer refers to the transferring of the outstanding Home Loan balance from one financial institution to another, for a lower interest rate or for better terms. If you’re looking for ways to save for the future, switch to the ICICI Bank Home Loan Balance Transfer option. It’s a smart move, as it lets you transfer your Home Loan outstanding balance to ICICI Bank, at a Repo Rate-linked attractive rate of interest.
For details, give us a missed call on 9022499400
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Benefits of ICICI Bank Home Loan Balance Transfer
Lower Interest rate with 30 year tenure
Attractive interest rates that maximise your savings
Top-up Loan
Avail a Top up Loan as per Eligibility
Quick Processing
Swift transfer of loan
Minimal documentation
Less number of documents for easy application
Need Assistance in Availing Balance Transfer?
If you need more assistance, we are here for you. Here is how you can get in touch with us.
Missed call number: 9022499400
Email us : customer.care@icicibank.com
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.
Steps to Apply
Step 1
Provide your basic details along with loan requirement.
Step 2
Check your loan offer.
Step3
Confirm details and pay processing fees.
Step 4
Avail a provisional approval.
Step 5
Upload the documents.
Documents
It is quite easy to apply for an ICICI Bank Home Loan Balance Transfer. All you need to do is submit the below list of balance transfer documents, to ensure quick processing and approval of the loan facility:
KYC documents
- Aadhaar Card
- Proof of current residence
Income documents
Income Documents not required * Documents can be asked on a case to case basis
Other documents
- List of Documents from existing financier
- Repayment Track Record
- Bank Statement
Why choose Top-up LOAN WITH BALANCE TRANSFER?
You can avail of the Top-up Loan for personal or business needs
Fast processing with minimal documentation
Lower interest rate as compared to other cash-out loans
No additional collaterals are needed for loan approval
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FAQ
The penalty for Home Loan balance transfer ranges between 2-5% as per the Reserve Bank of India (RBI) mandate.
A borrower can transfer a Home Loan multiple times. However, you can only do a Home Loan balance transfer after the lock-in period ends. The lock-in period usually ranges from 6-12 months.
You can apply for Home Loan Balance Transfer after paying EMI’s for 12-18 months on your loan. The minimum balance transfer amount is above Rs 15 Lakh. The minimum CIBIL score requirement is 700 for a Salaried, and 750 for Self Employed applicant
* On a case to case basis lower seasoning and CIBIL score can also be considered.
