Home Loan Balance Transfer: Switch and Save

ABCL, A Pillar of the Global Aditya Birla Group

66,500 EMPLOYEES

1,759 BRANCHES

₹ 7.53 Lakh Cr ASSETS UNDER MANAGEMENT

₹ 2.19 Lakh Cr CONSOLIDATED LENDING BOOK

What is Home Loan Balance Transfer?

Home Loan Balance Transfer is a process whereby you transfer your current home loan to another financial institution to take advantage of lower interest rates, low EMIs, or other loan facilities.

● Transfer your current home loan to get better interest rates.
● Reduce your EMI or opt for the loan repayment period according to your financial needs.
● Can also avail of a top-up loan facility, based on your eligibility.

Features & benefits of Home Loan Balance Transfer

Competitive Interest Rates

Transfer your current home loan to get competitive interest rates which will reduce your total borrowing costs and EMIs.

Instant Digital Sanction

Enjoy a fast application process with instant digital sanction of your loan based on your eligibility and successful document verification.

Easy Repayment Options

Select the repayment plan and repayment period that meets your financial needs.

Restructure Loan

Restructure your current home loan by adjusting the repayment tenure and/or EMI according to your financial needs.

Top-up Loan

Get an additional top-up loan on your transferred home loan for your financial requirements.

Transparency

Enjoy transparency in your entire loan process through effective communication of charges and repayment information at all times.

Balance Transfer Calculator

Find out how much you can save by transferring your home loan to ABHFL.

What is it?

This calculator helps you understand how much you can save by transferring your existing home loan. It compares the total amount you’ll end up paying with your current lender with the total amount you’ll pay with ABHFL.

How it works?

Simply provide some basic details of your current loan such as the loan balance, your current interest rate, and the repayment tenure along with the interest rate expected from ABHFL and your desired repayment tenure.

MONTH OF DISBURSEMENT

EXISTING SANCTION AMOUNT

REMAINING TENURE (MONTHS)

EXISTING INTEREST RATE

ABHFL INTEREST RATE (%)

New eligible loan amount

₹ 0

Total Interest

₹ 0

Total Payable Amout

₹ 0

Amount saved with BT

₹ 0

Top Up amount eligible

₹ 0

Apply Now

Loan Type	Interest
Balance Transfer	7.75% p.a. to 15.25% p.a.*

Loan Type

Interest

Balance Transfer

7.75% p.a. to 15.25% p.a.*

Loan Type	Interest
Balance Transfer	8.00% p.a. to 17.50% p.a.*

Loan Type

Interest

Balance Transfer

8.00% p.a. to 17.50% p.a.*

TRANSACTIONS	CHARGES
Loan Processing/Administration Fee	Home Loans : Up-To 1% Of The Loan Amount Other Loans : Up-To 2% Of The Loan Amount
Part Payment/Pre-Closure Charges:	• Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil • Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding
Other Charges: Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions	24% P.A. I.E. 2% Per Month

TRANSACTIONS

CHARGES

Loan Processing/Administration Fee

Home Loans : Up-To 1% Of The Loan Amount
Other Loans : Up-To 2% Of The Loan Amount

Part Payment/Pre-Closure Charges:

• Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil
• Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding

Other Charges:

Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions

24% P.A. I.E. 2% Per Month

TRANSACTIONS	CHARGES
NACH Failure Charges	₹750/- per instance
Accrued Interest	As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI Charges	• When the facility amount is equal to ₹5 Lakh or lesser – ₹50 per property. • When the facility amount is greater than ₹5 Lakh – ₹100 per property.
Pre-closure Quotes	₹1,000/- per instance
Request for Any Copies of Any Collateral	₹750/- per instance
Duplicate Statement/Repayment Schedule	₹200/- per instance

TRANSACTIONS

CHARGES

NACH Failure Charges

₹750/- per instance

Accrued Interest

As applicable based on actual delayed status or as communicated by the lender from time to time

CERSAI Charges

• When the facility amount is equal to ₹5 Lakh or lesser – ₹50 per property.
• When the facility amount is greater than ₹5 Lakh – ₹100 per property.

Pre-closure Quotes

₹1,000/- per instance

Request for Any Copies of Any Collateral

₹750/- per instance

Duplicate Statement/Repayment Schedule

₹200/- per instance

TRANSACTIONS	CHARGES
Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC	As per actual, where applicable

TRANSACTIONS

CHARGES

Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC

As per actual, where applicable

TRANSACTIONS	CHARGES
Cheque Return Charges	₹750/- per instance
CIBIL Report Retrieval Fee	• ₹50/- per instance for Consumer and • ₹500/- for Commercial CIBIL
Loan Re-Schedulement (at the discretion of ABHFL) Charges	0.50%
NOC Issuance Charges	₹500/-
Cancellation Charges (if any)	4.00% of the loan amount disbursed
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa)	2% of the loan outstanding
Fees and Other Charges	Applicable GST @ 18% will be levied

TRANSACTIONS

CHARGES

Cheque Return Charges

₹750/- per instance

CIBIL Report Retrieval Fee

• ₹50/- per instance for Consumer and
• ₹500/- for Commercial CIBIL

Loan Re-Schedulement (at the discretion of ABHFL) Charges

0.50%

NOC Issuance Charges

₹500/-

Cancellation Charges (if any)

4.00% of the loan amount disbursed

Swap Charges
(Fixed or semi-fixed rate to floating and vice-versa)

2% of the loan outstanding

Fees and Other Charges

Applicable GST @ 18% will be levied

Home Loan Balance Transfer

What is Home Loan Balance Transfer?