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Experience the best Home Loan Balance Transfer with Piramal - get lower interest rates, customised EMI plans, and choose for a top up loan when you transfer your home loan balance from another bank or NBFC. Use your top - up loan for various purposes; you can reinvest it in your business, overhaul your interiors, or use it for any other personal needs. Avail value added services like expert advice and feedback from a Devoted Relationship Manager on sound investment planning. Get loan amounts of up to 90% of the property’s market value. RPLR linked interest rates start from just 9.65% with repayment tenures of 30 years or until your retirement.
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Home Loan Balance Transfer is a handy feature, offered by many banks and NBFCs. It helps customers shift their ongoing home loans to a different provider offering a lesser rate of interest and other benefits. The interest rates on home loans have reduced significantly in recent years. It is prudent to choose a lender who offers you the best rate of interest. Home loan balance transfer allows you to do that.
Home loans being the largest loan segment for any bank or NBFC, each lender offers various benefits and offers for their home loan customers. They also accept home loan transfers from other banks and NBFCs. Customers are able to reap the benefits of a lower interest rate while availing additional value adds like top-up loans, insurance and many more.
Piramal Capital & Housing Finance offers Home Loan Balance Transfer & Top Up, to eligible applicants, with attractive interest rates and repayment tenures. They boast of an excellent customer support experience throughout your relationship with the institution. You also get a dedicated Relationship Manager to handhold you during the entire loan process.
A Home Loan Transfer is simple and hassle-free. You are going to close your existing home loan with a bank or NBFC and continue it with another bank of NBFC. Here is the step by step process of transferring your existing home loan to Piramal Capital & Housing Finance:
Up to 30 Lakhs
Up to 30 -75 Lakhs
More than 75 Lakhs
Up to 90%
Top Up Loan
Home Loan Balance Transfer is available for
Photo Identity Proof - Any one of the below mentioned documents:
Current Residence Address Proof - Any one of the below mentioned documents:
Age / DOB Proof - Any one of the below mentioned documents:
Business / Employment Proof
Salaried customer: ID card with date of Joining / appointment letter.
Self Employed Professional and Non-professionals:
Self Employed Professionals: In addition to the above stated documentation, proof of professional qualification is required if the customer applies in individual capacity.
1. What are the benefits of transferring the balance of your home loan?
If you have a good repayment history with your EMI payments and hold a solid record with your lender, you have a chance to restore your EMI payments with a new bank at a lower interest rate. You will have the added benefit of taking a top up loan, which is an extra loan amount that the new bank can give, which could extend your tenure.
2. Is it possible to combine more than two loans into one?
Actually, with the home loan balance moved to Piramal, you will merge the other home loan instalments as one to take advantage of the reduced interest benefit of the new bank.
3. How long does Piramal take to transfer the home loan balance?
Piramal will have to reassess your eligibility, so the period of the application typically varies from 7 days to 3 weeks. This is possible only when you have submitted all the required documents to Piramal for the loan processing.
4. How is my eligibility determined?
Your eligibility is determined on the basis of different factors such as age, monthly income, financial liabilities, credentials, jobs, savings history, properties, liabilities and, if any, the history of repayment of other loans.
5. How much top up loan am I eligible to get during my home loan balance transfer to Piramal?
When you transfer your loan with Piramal, a top-up option is available based on your individual needs. The total available equity cash out is based on the current market value of your property.
About Piramal Capital & Housing Finance (PCHF)
With a mission to help everybody get a home of their own, Piramal Capital & Housing Finance (PCHF) has a range of exclusive deals. This housing finance company issues home loans on the basis of gross taxable revenue and not on the basis of your take home salary. In addition, applicants whose incomes are lesser but earn higher benefits are deemed to be eligible candidates for a home loan from Piramal Housing Finance. This is one of the few special aspects of Piramal Housing Finance home loans.
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