Home Loan
Balance
Transfer
घर आपका साथ हमारा

With the Home Balance Transfer Loan, you can switch your home loan from your existing bank to Capital India Home Loans.

Home Loans Home Improvement Loans Home Extension Loans Loan against Property Home Loan Balance Transfer
Picking the right financial partner is as crucial as picking the right house.

With a home loan balance transfer, you can switch your home loan from the existing partner to Capital India Home Loans.

Transferring your existing home loan to us can help you retain or enhance the benefits while rationalising your interest expenses. The process is quick and simple while the impact on your finances is positive and long-term.

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  • Purpose
  • Who can apply
  • Benefits
  • Documents required
  • Maximum loan
  • Interest rates

Transfer and top-up an existing loan from any financial partner to Capital India Home Loans.

  • Salaried
  • self-employed
  • professionals
  • non-individuals (corporations)
  • resident
  • Attractive interest rates
  • Easy documentation
  • Expert guidance at your doorstep
  • Simple, quick and hassle-free process
  • Tax benefits
    Section 24

    As per the Section 24 of the Income Tax Act, interest paid on the capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction of a maximum amount of INR 2,00,000. The property should be self-occupied. For rented out property there is no limit to the amount of deduction.

    Section 80C

    As per the Section 80C of the Income Tax Act, you can get a maximum deduction of INR 1,50,000 from the income, on repayment of principal during a financial year.

Salaried employees
  • Duly filled application form with photograph
  • Age proof (PAN card or passport or any other certificate from statutory authority)
  • Residence proof (Passport or driving license or telephone bill or ration card or election card or aadhaar card)
  • Education qualifications – certificate
  • Last 3 months salary statements
  • Form 16 for last 2 years
  • Last 6 months bank statements (salary account)
Self-employed/professionals
  • Duly filled application form with photograph
  • Age proof (PAN card or passport or any other certificate from statutory authority)
  • Residence proof (Passport or driving license or telephone bill or ration card or election card or aadhaar card)
  • Education qualifications – certificate
  • Certificate & proof of business existence along with business profile
  • Last 3 years Income Tax Returns (self and business) with profit & loss account & balance sheets duly certified/audited by a Chartered Accountant
  • Last 12 months bank account statements (self & business)

Up to 90% of the value of the property. Top-up available depending on your income, specific requirements, credit score and market value of the property.

Fixed Rate of Interest Floating Rate of Interest
Minimum Maximum Minimum Maximum
11.00 % p.a. 26.00 % p.a. 9.00 % p.a. 16.00 % p.a.
*Above rates are currently applicable and are subject to changes from time to time.
FAQs - Home loan balance transfer

A home loan balance transfer make financial sense when:

  • You have a loan with a rate of interest higher than current market rates;
  • You have a loan with a floating rate of interest and you want to reduce risk by going in for a fixed rate of interest; or
  • You want to improve your cash flow by lowering your EMIs.

Yes, borrowing more money at the time of transferring your existing loan is called top-up. You can apply for a top-up along with the balance transferas long asyou’re meeting the income and property value norms of Capital India Home Loans.

Apart from the financial, Know Your Customer (KYC) and property documents as in the case of a home loan, you need to submit a few more documents for balance transfer:

  • Repayment track of existing loan
  • Foreclosure letter (Balance outstanding letter)
  • List of property documents submitted to the existing lender.

Products

Home Loans Home Improvement Loans Home Extension Loans Loan against Property Home Loan Balance Transfer Personal/Consumer Loans
Registered Office

701, 7th Floor, Aggarwal Corporate Tower,
Plot No. 23, District Centre,
Rajendra Place,
New Delhi – 110008
Tel: +91 11 69146000
CIN: U65990DL2017PLC322041
IRDAI Registration Code for Corporate Agent: CA0688

Corporate Office

Level - 20, Birla Aurora,
Dr. Annie Besant Road,
Worli, Mumbai – 400030

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