Home Loan Balance Transfer & Top-up:

Pay off any existing balance of home loan with UGMONEY Home Loan Balance Transfer at a lower rate of interest. You can now retain your home on better terms and conditions that suit your needs.

Home Loan Balance Transfer Interest Rates
(Last Updated on : 30th. April 2016 )

Bank

Interest Rates

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HDFC

9.50%-10.00% P.A

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ING VYSYA

9.50%-10.00% P.A

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ICICI Bank

9.50%-10.00% P.A

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Axis Bank

9.50%-10.00% P.A

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India Bulls

9.50%-10.00% P.A

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PNB Housing Finance

9.50%-10.00% P.A

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Standard Chartered

9.50%-10.00% P.A

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Citibank

9.50%-10.00% P.A

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  • Features & Benefit:
    • Take a home loan, to pay off existing home loan(s)
    • Transfer your existing home loan at interest rates that are lower than the original loan
    • The procedure of acquiring the loan is now easier and the amount payable for your installments is designed to make you feel comfortable
    • Reduced interest rate and lower your monthly payments
    • You want to use the equity in your house to get money for any of your needs. You can take a top-up over the existing loan to get the much needed cash to fulfill your needs.

  • Nil Foreclosure charges
    Now Enjoy of Nill foreclosure any time of your loan during your loan tenor. Pay any time of your loan without any foreclosure charges..

  • Home Loan Balance Transfer Scheme is Valid For:
    • Loan On Purchase of land and construction of a residential property
    • Loan On Purchase of New Flat / House
    • Loan On Purchase of old house / flat along with undivided share of land
    • Loan On Extension,modification of existing house / flat
    • Home Loan taken on underconstruction property also.

  • Eligibility
  • Maximum loan

80% of the cost of the property (including the cost of the land) and based on the repayment capacity of the customer.

  • Maximum Home Loan Terms
Maximum Home Loan Terms acn be taken upto 20 years subject to your retirement age.
  • How to Apply Balance transfer & top-up of Loan?

Home Loans can be applied for either individually or jointly. There is Applicant & Coapplicant on The Loan. Proposed owners of the property will have to be co-applicants. However, the co-applicants need not be co owners.

  • Adjustable Rate Home Loan

Loan under Adjustable Rate is linked to Banks Base Rate (BR) or NBFCs FRR. The rate on your loan will be revised if RBI Increase or Decrease Then there is a change in Base Rate or NBFCs FRR, then also interest rate on your loan may change. However, the EMI on the home loan disbursed will not change*. If the interest rate increases, the interest component in an EMI will increase and the principal component will reduce resulting in an extension of term of the loan, and vice versa when the interest rate decreases. On Special Request We can Change or fixed your EMI for time being.
* Conditions Apply
Home Loans at the sole discretion of Banks/NBFCs/MNC Banks.

  • Documentations.
  • Salaried Individual.
    • Personal Documents in all cases  
    • 1 photo each for applicant and the co-applicant.
      - ID proof: Copy of Passport, PAN card, driving License, Voter’s ID. 
      - Current address proof: Copy of Passport, Driving License, Electricity/telephone bill, Bank a/c statement. 
      - Copy of PAN card.
    • 3 months salary slip
    • Latest Form-16
    • Latest IT returns
    • Appointment letter/increment letter
    • Bank statement from salary account showing salary credits for last 6 months.
    • Other bank a/c statements for last 6 months
    • Details of EMI for any other loan

  • Self Employed 
  • Proprietorship firms:
    • IT returns for last three years with P&L a/c and balance sheet.
    • Audit report if the firm is subject to audit
    • 6 months bank a/c statement for firm
    • 6 months bank a/c statement of the proprietor.
    • Business profile.

  • Partnership firm:
    • IT returns for last three years with P&L a/c and balance sheet in the name of firm.
    • IT returns of the partners for last three years.
    • Partnership deed.
    • Audit report if the firm is subject to audit
    • 6 months bank a/c statement for firm
    • 6 months bank a/c statement of the partners.
    • Business profile on firm’s letterhead.

  • Private Limited Firm:
    • IT returns for last three years with P&L a/c and balance sheet in the name of firm. 
    • IT returns and Form-16 of the individual directors for last three years. 
    • Memorandum and the articles of association of the firm. 
    • Audit report if the firm is subject to audit 
    • 6 months bank a/c statement for firm 
    • 6 months bank a/c statement of the individual directors. 
    • Business profile on firm’s letterhead 
    • Copy of firm’s PAN card.

  • Additional personal docs in case of NRIs:
    • Copy of Passport and Visa. 
    • Copy of valid work permit (if applicable). 
    • Copy of appointment contract. 
    • Credit report from recognized credit agency of that country, 
    • Copy of NRE/NRO bank statements for last 6 months.

 

 

OUR PREFFERED LOAN PARTNERS: