Home Loan Balance Transfer

Unlock Savings with Our Easy Home Loan Balance Transfer Solutions

loan services

A home loan balance transfer, also known as home refinancing, is the process of moving your home loan from one lender to another. It can help you get better terms, such as a lower interest rate, longer repayment period, or higher loan amount.

Documents Required*

KYC

Photo Identity:​

• Pan Card
• Aadhaar Card
• Passport all copies
• Visa all copies

Photo Identity:​

• Self owned residence – Latest electricity bill
• Rented residence – Latest electricity bill of owner

Colour Photo

Existing Property Documents​

Complete chain of existing property documents​

• Index 2 – OC, CC
• Approved Plan Copy
• Latest Maintenance
• Receipt
• Latest Electricity Bill
• Society Registration Certificate Copy

Existing Bank Documents

• Sanction Letter
• Request for
• List of Documents
• Statement of Loan Account – 2 yrs
• Foreclosure Letter (Out Standing )

Income Documents​

• Last 3 yrs Job Continuity
• Appointment letter
• Latest 6 months salary slips
• Last 2 years form 16 (part A & B)
• Last 1 year Bank Statement Where Salary Credit.
• If Any Ongoing Loans / Obligations Then Statement of Loan Account for loan track.

Proprietorship

KYC

Photo Identity:​

• Pan Card
• Aadhaar Card
• Passport all copies
• Visa all copies

Photo Identity:​

• Self owned residence – Latest electricity bill
• Rented residence – Latest electricity bill of owner

Colour Photo

Existing Property Documents​

Complete chain of existing property documents​

• Index 2 – OC, CC
• Approved Plan Copy
• Latest Maintenance
• Receipt
• Latest Electricity Bill
• Society Registration Certificate Copy

Existing Bank Documents​

• Sanction Letter
• Request for
• List of Documents
• Statement of Loan Account – 2 yrs
• Foreclosure Letter (Out Standing)

Business Proof

• Gomasta copy – Udyam Aadhaar
• Office Electricity Bill
• Office if Rented – Rent Agreement

Income Documents​

• Business Profile
• Last 3 years Financial Returns Along with statement of Income
• Balance Sheet
• Profit & Loss account
• CA Attested last 3 yrs 26 AS
• If GST are Filling, then GST Certificate Last 2 yrs GSTR-3B
• Debtors & Creditors – last 2 yrs

Partnership

KYC

Photo Identity:​

• Pan Card
• Aadhaar Card
• Passport all copies
• Visa all copies

Photo Identity:​

• Self owned residence – Latest electricity bill
• Rented residence – Latest electricity bill of owner

Colour Photo

Existing Property Documents​

Complete chain of existing property documents​

• Index 2 – OC, CC
• Approved Plan Copy
• Latest Maintenance
• Receipt
• Latest Electricity Bill
• Society Registration Certificate Copy

Existing Bank Documents​

• Sanction Letter
• Request for
• List of Documents
• Statement of Loan Account – 2 yrs
• Foreclosure Letter (Out Standing)

Business Proof

• Gomasta copy – Udyam Aadhaar
• Office Electricity Bill
• Office if Rented – Rent Agreement

Income Documents​

• Company Pan card
• Partnership Deed
• Last 1 year company current a/c banking
• Individual financials
• For last 3 yrs statement of income
• Balance sheet
• Profit & Loss account
• CA Attested last 2 yrs 26 AS
• If GST are Filling, then GST Certificate Last 2 yrs GSTR-3B
• Individual banking for last 1 year – SB / CA both

Private Limited

KYC

Photo Identity:​

• Pan Card
• Aadhaar Card
• Passport all copies
• Visa all copies

Photo Identity:​

• Self owned residence – Latest electricity bill
• Rented residence – Latest electricity bill of owner

Colour Photo

Existing Property Documents​

Complete chain of existing property documents​

• Index 2 – OC, CC
• Approved Plan Copy
• Latest Maintenance
• Receipt
• Latest Electricity Bill
• Society Registration Certificate Copy

Existing Bank Documents​

• Sanction Letter
• Request for
• List of Documents
• Statement of Loan Account – 2 yrs
• Foreclosure Letter (Out Standing)

Business Proof

• Gomasta copy – Udyam Aadhaar
• Office Electricity Bill
• Office if Rented – Rent Agreement

Income Documents​

• Business Profile
• Last 3 years Financial Returns Along with statement of Income
• Balance Sheet
• Profit & Loss account
• CA Attested last 3 yrs 26 AS
• If GST are Filling, then GST Certificate Last 2 yrs GSTR-3B
• Debtors & Creditors – last 2 yrs

KYC

Photo Identity:​

• Pan Card
• Aadhaar Card
• Passport all copies
• Visa all copies

Photo Identity:​

• Self owned residence – Latest electricity bill
• Rented residence – Latest electricity bill of owner

Colour Photo

Income Documents​

• Last 3 yrs Job Continuity
• Appointment letter / Contract letter
• Employment Job Confirmation Letter HR – Mail ID
• Latest 12 Months Salary Slips
• Last 1 year Bank Statement Where Salary Credit.
• If Any Ongoing Loans / Obligations Then Statement of Loan Account for loan track.

ROI last updated in mid 2024

Rate of Interest Chart

(Subject to CIBIL Score)

Bank of Maharashtra

CIBIL Score ROI %
800 & Above
8.35
700 to 799
8.40
725 to 749
8.80
700 to 724
9.30

Bank of Baroda

CIBIL Score ROI %
800 & Above
8.40
771 to 799
8.60
751 to 770
8.80
726 to 750
8.85

Bank of India

CIBIL Score ROI %
825 & Above
8.40
800 to 824
8.50
760 to 799
8.70
725 to 759
8.80

State Bank of India

CIBIL Score ROI %
825 & Above
8.50
750 to 824
8.70
700 to 749
8.80
Sunil Mehendale, Director of perfect solution

How can we help you with the home loan process?

We provide end-to-end support to make your home loan balance transfer journey smooth and profitable. 

  • We identify the best bank by comparing their interest rates features and cost involved. 
  • We negotiate with lenders.
  • Organize important documents.
  • Submit the documents
  • Do all necessary coordination until your transfer process is complete.
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