• Balance Transfer & Top Up

Balance Transfer & Top Up

Balance Transfer is a facility offering the customer a choice to transfer the outstanding balance of the loan availed for better terms & conditions. Balance Transfer helps to move from higher rate of interest to lower rate of interest or increase in loan component as Top up.

Key Features:

  • A wide range of product options with attractive fixed and floating rate options to choose from
  • Additional top-up loan amount up to 100% of the original home loan amount at home loan rates

Sometimes, by simply refinancing your existing Home Loan or Mortgage Loan or consolidating a number of debts into one loan can be enough to ease your financial burden.
Contact us by filling out the form on the right of this page and outline your situation to us. We'll suggest ways you can restructure your finance to achieve most of the above benefits.


  • Salaried individual or self employed individual or self employed professional like doctor, lawyer, etc.
  • Aged between 21 years and 65 years.
  • Have a good CIBIL credit score.
  • Good repayment capacity with fixed & stable income source.
  • Employment at a stable company.


Bank Amount Interest Rate Processing Fees Prepayment Charges Apply

India Bulls

Upto 25 Lacs 10.50% - 2% Of the total outstanding loan amount
Above 25 Lacs 10.75%

PNB Housing Finance Ltd.

Flat 10.75% 0.50% 2% Of the total outstanding loan amount


Upto 30 Lacs 10.5% 2% Of the total outstanding loan amount
Above 30 Lacs 11.00% Floating / 11.5% Fixed 10000 + Tax


Flat 10.25% 0.5 No Prepayment Charges

Standard Chartered

Flat 10.75% -


Upto 30 Lacs 10.00% - -
Above 30 Lacs 10.25%

ING Vysya

Flat 10.75% - -

Can Fin Homes Ltd

- 10.95-11.25% - -

Gruh Finance

- 11.00-13.75% - -

Document Required : Following documents are required by financial institutions to process the Balance Transfer and Top Up application:

  • Copy of Property Paper [ Complete set of property paper Xerox with OCCC (Occupancy Certificate) and Approved Plan ]
  • List of Documents
  • Outstanding of loan amount
  • Foreclosure Letter

In case of Salaried

  • Employment certificate from the employer,
  • Copies of pay slips for last few months and TDS certificate
  • Latest Form 16 issued by employer Bank statements

In case of Self-employed

  • Copy of audited financial statements for the last 2 years
  • Copy of partnership deed if it is a partnership firm or copy of memorandum of association and articles of association if it is a company
  • Profit and loss account for the last few years
  • Income tax assessment order

: There are various steps involved in getting a Balance Transfer from selecting your property to filling up the loan application. Following are the various stages in Balance Transfer:

  • The first step involved in the process is to find the Best Interest Rates on Balance Transfer & simultaneously you can start searching for the lender who can offer the Best Balance Transfer Deal after checking your eligibility criteria.
  • Banks offer the Balance Transfer only after checking your existing financial profile & based on various eligibility criteria’s like old interest rate, age, income & salary banks lend you the money.
  • Comparing Balance Transfer interest rates is the primary feature in the BT selection; however other fees & charges like Application fees, processing fees, and legal charges should not be neglected when comparing various loan offers. To check the interest rates & other charges incurred by various banks, SBC Wealth craft has brought in a Balance Transfer Comparison Chart across various Banks.
  • Applying for the Balance Transfer: After you have selected your lender, you have to fill in the application form wherein the lender requires complete information about your financial assets & liabilities; other personal & professional details together with the property details & its costs.
  • Documentation & Verification Process: You are required to submit the necessary documents to the bank which will be verified together with the details in the application.
  • Credit & default check: Bank checks out the borrower’s loan eligibility (through repayment capacity & Existing Loan records) & the amount of loan is confirmed. The borrower’s repayment capacity is reached which is based on the income, salary, age, experience & nature of business etc. Bank also checks credit history through the Cibil Score which plays a critical role in deciding & approving your loan application.
  • Bank sanctions Loan & Offer letter to the borrower: After the credit appraisal of the borrower bank decides the final amount & sanctions the loan, the bank further sends an offer letter to the borrower which constitutes the details like rate of interest, loan tenure & repayment options etc.
  • Acceptance Copy to the Bank: The borrower needs to send an acceptance copy to the bank after the borrower agrees with the terms & conditions in the offer letter.
  • Bank checks the legal documents: The bank further asks the legal documents of property from the borrower to check its authenticity so as to keep them as a security for the loan amount given. Or a list of document from previous bank.
  • Signing of agreement & the loan disbursal: The borrower signs the loan agreement & the bank disburses the loan amount.
Application Form

Required *