Things you should know
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CIBIL Score
700+ (salaried & self-employed)
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No Prepayment Penalties*
Transfer your loan without extra charges for early repayment.
Transfer Your Loan. Save More.
Switch your Home Loan, Loan Against Property (LAP) or Commercial Property Loan to ICICI Bank with instant sanction, attractive interest rates, no documentation, long tenure and a convenient top-up facility to meet your personal/ business needs with ease.
Instant Sanction
No Documentation
Top-up Available
Long Tenure
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2,573 PEOPLE ARE INTERESTED
IDEAL FOR
Customers seeking to save on EMIs
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Save more with a Home Loan Balance Transfer
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Instant sanction
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No documentation
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Long repayment tenure
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Top-up Loan for extra funds.
Why choose ICICI Bank?
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Quick Online Process
Fully digital Balance Transfer, from application to provisional sanction, for LAP, Commercial Property Loan & Home Loan
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Top-up Facility
Get provisional approval with minimal documentation
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Flexible Repayment
Benefit from longer tenure options that allow manageable EMIs and better control over your monthly repayments.
Home loan balance transfer feature and benefits
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Online Application Process
The entire application process is online, making it fast and convenient, saving you time and effort.
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Online sanction
Get provisional approval with minimal documentation
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Minimal Documentation
Enjoy a streamlined application with minimal documentation, reducing the time required to complete the transfer.
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Top-up facility available
You can avail a higher Loan amount along with the option to Top-up your existing Loan, helping you meet additional financial needs.
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Long Tenure
Benefit from a long repayment period that helps lower your EMIs and make repayments more manageable.
Home loan balance transfer eligibility and document required
Residents, HUFs, firms, companies, trusts, NRIs and minors with guardianship, with KYC-verified savings accounts can apply
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proof of identity
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proof of address
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Income Proof
Residents, HUFs, firms, companies, trusts, NRIs, and minors with guardianship, with KYC-verified savings accounts can apply
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Identity Proof
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Address Proof
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Income Proof
Apply for home loan transfer in few simple steps!
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Enter basic details and loan requirement
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View your loan offer
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Confirm and pay fees
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Upload documents
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Get provisional approval
About Home Loan Transfer
What is a Home Loan Balance Transfer?
A Home Loan Balance Transfer involves transferring your current Home Loan from your existing lender to a new one that offers more favourable terms. This can include better repayment options and the possibility of reducing your financial burden by switching to a more competitive lender.
Benefits of Transferring your Home Loan
Transferring your Home Loan offers multiple advantages. These include reduced EMIs, the potential for an additional Top-Up Loan and an extended repayment tenure. By shifting to a better lender, you can significantly save on interest, while improving your loan terms and repayment flexibility.
How does Home Loan Balance Transfer Work?
The meaning of a Home Loan Balance Transfer is that you can shift your existing loan from your current bank to another bank offering lower interest rates. This process helps reduce your EMIs, save on interest costs, and improve repayment flexibility, often involving simple documentation and quick approval.
Home Loan Balance Transfer FAQs
Is Balance Transfer a good option for my Home Loan?
Is Balance Transfer a good option for my Home Loan?
Yes. A Home Loan Balance Transfer can help you lower EMIs with an attractive Home Loan Balance Transfer interest rate, longer tenure for eligible customers. View detailed fee
What are the eligibility criteria for a Home Loan Balance Transfer?
What are the eligibility criteria for a Home Loan Balance Transfer?
The Balance Transfer offer is available to eligible existing ICICI Bank customers with a good repayment history. Eligibility depends on income profile, property details and credit score (700 or above) for salaried and self-employed applicants.
Can I avail of a top-up loan while transferring my Home Loan?
Can I avail of a top-up loan while transferring my Home Loan?
Yes, ICICI Bank offers a top-up facility along with the home loan balance transfer. This allows you to get additional funds for personal or home-related expenses, without applying for a separate loan.
How long does the Home Loan Balance Transfer process take?
How long does the Home Loan Balance Transfer process take?
The Home Loan Balance Transfer process offers quick approvals with fast provisional sanction. The Balance Transfer Loan offer is visible to eligible customers on ICICI Bank Net Banking and the iMobile app and can be easily availed online.
Can I get a top-up loan during the balance transfer process?
Can I get a top-up loan during the balance transfer process?
Yes, ICICI Bank allows you to avail a top-up loan along with the balance transfer when you transfer your Home Loan. You can use this extra loan amount for personal or home-related needs, with easy repayment options and attractive interest rates.
Can I transfer a Home Loan taken jointly?
Can I transfer a Home Loan taken jointly?
Yes, a jointly taken Home Loan can be transferred to another bank. All co-borrowers must agree and complete the required paperwork together. The new bank will review eligibility before approving the transfer.
What is the Home Loan transfer procedure?
What is the Home Loan transfer procedure?
A Home Loan Balance Transfer involves shifting the outstanding loan amount from one lender to ICICI Bank. The process includes application submission, document verification and internal assessment before approval.
Are there any charges applicable during the Home Loan transfer procedure?
Are there any charges applicable during the Home Loan transfer procedure?
Applicable charges may include processing fees or administrative costs, subject to policy terms. Customers should review the latest schedule of charges before initiating a balance transfer home loan request.
What is a pre-approved Balance Transfer?
What is a pre-approved Balance Transfer?
Pre-approved Balance Transfer is a product that is offered to existing ICICI Bank customers to transfer their Home Loan, Loan Against Property (LAP) or Commercial Property Loan from another lender to ICICI Bank. It helps reduce EMIs, extend tenure and save on interest.
Can I apply for a Top-up Loan along with a Balance Transfer?
Can I apply for a Top-up Loan along with a Balance Transfer?
Yes! Eligible customers can opt for Balance Transfer with Top-up under the Balance Transfer Loan offer gaining access to additional funds.