HDFC Bank Balance Transfer Loans

HDFC Bank offers Balance Transfer Loans at attractive interest rates to lower your loan repayments. Move your Home Loan outstanding balances to HDFC Bank, pay lower monthly instalments and enjoy the savings for the other things in life that really matter to you and your family.

Apply Online

Balance Transfer Loan EMI Calculator

Loan Amount

₹

₹1 Lac ₹10 Cr

Tenure (Years)

1 Year 30 Years

Interest Rate (% P.A.)

0.5 % 15 %

Monthly Balance Transfer Loan EMI

₹198341

Principal Amount

₹198341

Interest Amount

₹198341

Total Amount Payable

₹198341

Rates & Offers
Calculators
Documents
Fees & Charges
Benefits & Features
More

FAQs
Home Loan Repayment Options
Terms and Conditions

Interest Rates

All rates are benchmarked to Policy Repo Rate. Current applicable Repo Rate = 6.50%

Special Balance Transfer Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.00% to 2.65% = 8.50% to 9.15%

Standard Balance Transfer Loan Rates for Salaried & Self Employed (Professionals & Non-Professionals)
Loan Slab	Interest Rates (% p.a.)
For All Loans*	Policy Repo Rate + 2.25% to 2.90% = 8.75% to 9.40%

*The above Home Loan interest rates/ EMI are applicable for loans under the Adjustable Rate Home Loan Scheme (Floating Interest Rate) of HDFC Bank And are subject to change at the time of disbursement. The Home Loan interest rates above are linked to HDFC Bank's Repo Rate and are variable throughout the tenor of the loan. All loans are at the sole discretion of HDFC Bank. For further details regarding the loan slabs and interest rates above Click Here

Get Custom Quote

Calculators

Documents

For loan approval, you need to submit the following documents for applicant / all co-applicants along with the completed and signed home loan application form.

A	Sr.No.	Mandatory Documents
	1	PAN Card or Form 60 (If the customer does not have a PAN Card)
B	Sr.No.	Description of Officially Valid Documents (OVD) that can be accepted for establishing the legal name & current address of Individuals*[Any one of the following documents can be submitted]	Identity Proof	Address Proof
	1	Passport, the validity of which has not expired.
	2	Driving license which has not expired.
	3	Election /Voters identification card
	4	Job card issued by NREGA duly signed by the officer of the State Government
	5	Letter issued by the National Population Register containing details of name, address.
	6	Proof of possession of Aadhaar Number (to be obtained voluntarily)

A document mentioned above shall be deemed to be an OVD even if there is a change in the name subsequent to issuance provided it is supported by a marriage certificate issued by State Government or Gazette notification, indicating such a change of name.

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Last 3 months' Salary Slips
Last 6 months' Bank Statements, showing salary credits
Latest Form-16 and IT returns
Income Tax Returns along with computation of income for at least the last 2 Assessment Years (of both the individual and the business entity and attested by a CA)
At least Last 2 years’ Balance Sheet and Profit & Loss A/c Statements, with Annexures / Schedules (of both the individual and the business entity and attested by a CA)
Last 12 months' Current A/c Statements of the business entity and Savings Account Statements of the individual

Document	Salaried	Self Employed Professional	Self Employed Non Professional
A letter on the letter head of the existing lender stating the list of property documents held by them
Latest outstanding balance letter from your existing financial institution on their letter head
Photocopy of the property documents (including Own Contribution Proof)

Document	Salaried	Self Employed Professional	Self Employed Non Professional
Own Contribution Proof
Employment Contract / Appointment Letter in case current employment is less than year old
Last 6 months' Bank Statements showing repayment of any ongoing loans
Passport size photograph of all the applicants / co-applicants to be affixed on the Application form and signed across.
Cheque for processing fee favouring HDFC Bank Ltd
Business Profile
Latest Form 26 AS
List of Directors and Shareholders with their individual shareholding certified by a CA / CS in case of the business entity being a company
Memorandum and Articles of Association of the Company
Partnership deed in case of the business entity being a partnership firm
Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.

*All documents to be self-attested. The above list is indicative in nature and additional documents can be asked for.

Housing Charges

Processing Fees

Name of the Product/Service	Amount in Rupees
Fees for Resident Housing Loan/ Extension/ House Renovation Loan/ Refinance of Housing Loan/ Plot Loans for Housing (Salaried, Self-Employed Professionals)	Upto 0.50% of the loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/- +applicable taxes/statutory levies whichever is higher
Fees for Resident Housing/ Extension/ Renovation/ Refinance/ Plot Loans for Self Employed Non-Professionals.	Upto 1.50 % of the Loan amount or Rs. 4500/- whichever is higher+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/- +applicable taxes/statutory levies whichever is higher
Fees for NRI Loans	Upto 1.25% of the Loan amount or Rs. 3000/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Fees for Value Plus Loans	Upto 1.50% of the Loan amount or Rs. 4500/- whichever is higher + applicable taxes / statutory levies and charges. Minimum Retention Amount: 50% of applicable fees or Rs. 4500/-+applicable taxes/statutory levies whichever is higher
Fees for Loans under HDFC Bank Reach Scheme	Up to 2.00% of the loan amount+ applicable taxes / statutory levies. Minimum Retention Amount: 50% of applicable fees or Rs. 3000/-+applicable taxes/statutory levies whichever is higher
Re-appraisal of loan after 6months from date of sanction	Rs. 2000/- + applicable taxes / statutory levies.

Other Charges

Name of Fee/ Charge levied	Name of the Product/Service	Amount in Rupees
Additional Interest	Delayed Payment Charges	A maximum of 18% P. A. on overdue instalment amounts.
Incidental Charges	Expenses to cover costs	Incidental charges and expenses are levied to cover the cost, charges, expense and other monies as per actuals applicable to a case.
Stamp Duty/ MOD/ MOE/ Registration	Statutory Charges	As applicable in the respective States.
Fees/Charges levied by entities such as CERSAI	Fees/Charges levied by Regulatory bodies	As per actual charges/ fee levied by Regulatory bodies + applicable taxes/ statutory levies
Fees/Charges levied by such third parties such as mortgage guarantee company	Fees / charges payable to any third party(ies) whose services have been availed	As per actual fee/ charges levied by any third party(ies) + applicable taxes/ statutory levies

Name of the Product/Service	Amount in Rupees
Switch to Lower Rate in Variable rate Loans (Housing/ Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any)at the time of Conversion or a cap of Rs.50000/-+applicable taxes/statutory Levies which ever is lower.
Switching to Variable Rate Loan from Fixed Rate Loan (Housing/Extension/ Renovation)	Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap of Rs.50000/- + applicable taxes / statutory levies whichever is lower.
Switch from Combination Rate home loan fixed rate to Variable rate	1.75% of the Principal Outstanding and Undisbursed amount (if any)+ applicable taxes / statutory levies at the time of Conversion.
Switch to Lower Rate (Plot Loans)- Variable Rate	0.5% of principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of Conversion.
Switch to Lower Rate (Loans under HDFC Bank Reach)- Variable Rate	Upto 1.50% of the principal outstanding and undisbursed amount (if any) + applicable taxes/statutory levies at the time of conversion.

Name of the Product/Service	Amount in Rupees
Cheque/ACH/SI Dishonor Charge	Rs. 300/- Per Dishonor.
Photocopy of Documents	Upto Rs. 500/- + applicable taxes / . statutory levies
Fees on account of External Opinion – such as legal/technical verifications.	As per actuals.
List of documents	Upto Rs. 500/- + applicable taxes / statutory levies.
PDC swap	Upto Rs. 500/- + applicable taxes / statutory levies.

Name of the Product/Service	Amount in Rupees
A. Adjustable Rate Loans (ARHL) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Variable Rate of interest	For loans sanctioned to individual borrowers with or without co-applicants, no prepayment charges shall be payable on account of part or full prepayments made through any sources* except when the loan is sanctioned for business purposes**.
B. Fixed Rate Loans (“FRHL”) and Combination Rate Home Loan (“CRHL”) during the period of applicability of the Fixed Rate of interest	For all loans sanctioned with or without co-applicants, the prepayment charge shall be levied at the rate of 2%, plus applicable taxes/statutory levies of the amounts being so prepaid on account of part or full prepayments except when part or full prepayment is being made through own sources*.

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

Non-Housing Charges

Loan Processing Charges*

Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)

Pre-Payment /Part Payment Charges

No prepayment charges shall be applicable for part prepayment once during a financial year only if the amount being prepaid does not exceed 25% of the principal amount outstanding at the time of such prepayment.

2.5% + Goods and Services Tax (GST) of principal outstanding being prepaid or at such rates as decided by the Bank if the amount being prepaid is more than said 25%. Charges shall be applicable on the amount in excess of said 25%.

Premature closure charges
Floating rate term loan availed by Individual borrowers for Business Purpose	2.5 % of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating rate term loan availed by Individual borrowers for End Use other than Business Purpose	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure from Own Source*	NIL
Floating rate term loans availed by Micro, Small Enterprises and Closure Through Takeover by any financial Institutions	2 % takeover charges of the Principal Outstanding >60 months after the disbursement of the Loan – NIL Charges
Floating Rate term loans availed by Non Individual borrowers*	Maximum of 2.5% of the Principal Outstanding. >60 months after the disbursement of the Loan – NIL Charges
Delayed Instalment payment Charge	A maximum of 18% P. A. on overdue instalment amounts.
Payment Return Charges	Rs 450/-
Repayment schedule charges*	Rs. 50/- per instance
Repayment mode change charges*	Rs. 500/-
Property Document Retention charges	Rs. 1000 per calendar month, after 2 calendar months from date of closure of all loans/facilities linked to the collateral
Revision in spread	0.1% of Principal Outstanding OR Rs. 5000 whichever is higher Per proposal
Legal/Repossession & Incidental charges	At actuals
Stamp Duty & other statutory charges	As per applicable laws of the state
Conversion charges for Change in Reference rate (BPLR/ Base rate/MCLR to Policy Repo Rate (for existing customers)	NIL
Penal Interest for Non Adherence of ESCROW Account (as per sanction terms and conditions)	2% p. a additional on existing ROI (Applicable in LARR cases only )
Penal Interest charged for non-complying with sanction terms	2% per annum additional on existing ROI- (Charged on monthly basis) Subject to a Max of Rs 50000/-
CERSAI Charges	Rs. 100 for each property
Property Swapping / Partial property Release*	0.1% of the loan amount. Min – Rs. 10,000/-. Max of Rs 25000/- per property
Document Retrieval charges post Disbursement*	Rs. 75/- per document set. (Post disbursement)

Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.

The Borrower will be required to submit such documents that HDFC Bank may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan.

The prepayment charges are subject to change as per prevailing policies of HDFC Bank and accordingly may vary from time to time which shall be notified on www.hdfcbank.com.

Balance Transfer Benefits

End to end digital process

Home loan approval in 4 simple steps.

Customised Repayment Options

Tailor-made home loans to suit your requirements.

Easy documentation

Apply with minimal documents, save time and effort.

24x7 assistance

Connect with us on Chat, WhatsApp anytime, anywhere

Online loan account

Key Features

Transfer your outstanding Home Loan availed from another Bank / Financial Institution to HDFC Bank and get an additional Top Up Loan of up to Rs. 100 lacs.

Attractive interest rates that make your Home Loan affordable and easier on your pocket.

Customized repayment options to suit your needs.

No hidden charges.

Integrated home loan branch network for availing and servicing the loan anywhere in India.

Special arrangement with AGIF for Home Loans for those employed in the Indian Army. To know more, click here.

Eligibility For Balance Transfer Loans

Home loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.

Important Factor	Criteria
Age	18 - 70 years
Profession	Salaried / Self Employed
Nationality	Resident Indian
Tenure	Up to 30 years

Classification Of Self Employed

SELF-EMPLOYED PROFESSIONAL	SELF EMPLOYED NON-PROFESSIONAL (SENP)
Doctor, Lawyer, Chartered Accountant, Architect, Consultant, Engineer, Company Secretary etc.	Trader, Commission Agent, Contractor etc.

How does adding a co-applicant benefit? *

Higher loan eligibility with an earning co-applicant

*All co-applicants need not be co-owners. But all co-owners need to be co-applicants to the loans. Generally, co-applicants are close family members.

Maximum Funding**
Loans up to and including ₹30 lacs	90% of the property cost
Loans from ₹30.01 lacs to ₹75 lacs	80% of the property cost
Loans above ₹75 lacs	75% of the property cost

**Subject to market value of the property and repayment capacity of the customer, as assessed by HDFC Bank.

Frequently Asked Questions

Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC Bank is known as a balance transfer loan

Any borrower who has an existing home loan with another bank/HFI in which he/she have had a regular payment track of 12 months ,can avail a balance transfer loan from HDFC Bank.

The maximum term that a customer can avail is 30 years or till the age of retirement ,whichever is lower under HDFC Bank's 'Telescopic Repayment Option.

Interest rates applicable on balance transfer loans do not differ from the interest rates of home loans.

Yes. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Yes, you can avail an additional top up loan of upto ₹50 lakhs along with a balance transfer loan from HDFC Bank.

You can find a checklist of documents ,fees charges for a balance transfer loan on https://www.hdfc.com/checklist#documents-charges

Yes, customers who have purchased an under construction property can avail a balance transfer loan from HDFC Bank.

Repayment Options

Step Up Repayment Facility (SURF)*

SURF offers an option where the repayment schedule is linked to the expected growth in your income. You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income.

Flexible Loan Installments Plan (FLIP)*

FLIP offers a customized solution to suit your repayment capacity which is likely to alter during the term of the loan. The loan is structured in such a way that the EMI is higher during the initial years and subsequently decreases in proportion to the income.

Tranche Based EMI

If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed.

Accelerated Repayment Scheme

This option provides you the flexibility to increase the EMIs every year in proportion to the increase in your income which will result in you repaying the loan much faster.

^*Applicable only to salaried individuals.

Terms & Conditions

Security

Security of the loan would generally be security interest on the property being financed and / or any other collateral / interim security as may be required by HDFC Bank.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC Bank’s products and services. For detailed information about our products and services, kindly visit the nearest HDFC Bank branch.

Click here for the Most Important Terms and Conditions pertaining to your loan.