Welcome

  • +91-9537-124 124

    care.f@livanity.com

  • A-504, Rajnigandha Apartment

    VADODARA-390021,GUJARAT,India.

Home Loan Balance Transfer is also commonly known as Home Refinancing.

Home Loan Balance Transfer

A Home Loan balance transfer is a credit facility in which your existing balance is transferred to a new lender.

Get a Quote

Home Loan Balance Transfer-

For an Inquiry

Occupation
Nature of Loan
pscDiv2Img1.jpg

The following steps will allow you to initiate a Home Loan Transfer to other banks:

1. Apply:

Before initiating a Home Loan Balance Transfer, you need to inform your present lender that you wish to do so. You can do this via a letter listing why you opt for the transfer or an application form, whichever your bank requires.

2. No Objection Certificate (NOC) or Consent Letter:

After applying, the original lender will offer you a NOC or consent letter. This document is essential for applying for the transfer with a new lender.

3. Submitting the Documents:

Now that you have the NOC, you can hand the required documents to the new lender. Along with the NOC, you might have to submit KYC paperwork, property papers, loan balance, and interest statements.

Along with this, you need to submit all the mandatory documents as cited by the bank.

4. Confirmation from Old Lender:

After handing over the documents, wait for confirmation from your old lender that the original loan has been closed.

5. Payment of Fees:

Once you receive the confirmation, you can pay the requisite fees to the new lender and begin a new loan contract.

Why and how to use a Home Loan Balance Transfer Calculator?

To confirm that opting for the transfer is a wise choice, you can use the Home Loan Balance Transfer Calculator. This calculator is an online tool that allows you to compare the terms offered by the old and new lenders. All you have to do is, provide basic details of your loan such as:

  • Principal outstanding on the old loan
  • Tenure of the loan
  • Interest rate of the loan

    • The calculator will display the savings you can enjoy after opting for a Home Loan Balance Transfer. Thus, helping you make a better decision.

Why choose Livanity for Home Loan balance transfer?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For Home Loan balance transfer, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for salaried to apply for a Home Loan balance transfer at Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking Home Loan balance transfer offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding Home Loan balance transfer eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

Copyrights © 2020 All Rights Reserved. Powered by Livanity Financial Services