HDFC Bank Home Loan Balance Transfer

HDFC Bank Home Loan Balance Transfer Highlights
Interest Rates	8.50% p.a. onwards
Tenure	Up to 30 years
LTV Ratio
Up to Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh-Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost
Processing Fees	For Salaried/Self-Employed Applicants: Up to 0.50% of the loan amount or Rs 3,000 plus taxes, whichever is higher For Self-Employed Non-Professionals: Up to 1.50% of the loan amount or Rs 4,500 plus taxes, whichever is higher

Note: Rates as of 22nd September 2023

HDFC Bank Home Loan Balance Transfer Interest Rates

Special Home Loan Balance Transfer Rates (For Salaried/Self-employed professionals/Self-employed non-professionals)

Loan Slab	Interest Rate (p.a.)
All loan amounts	8.50%-9.15%

Standard Home Loan Balance Transfer Rates (Floating)

(For Salaried/Self-employed professionals/Self-employed non-professionals)

Loan Slab	Interest Rate (p.a.)
All loan amounts	8.75%-9.40%

Also know the HDFC Bank Home Loan interest rates of other home loan schemes

HDFC Bank Home Loan Balance Transfer Fees and Charges

Processing Fee	For Salaried/Self-Employed Applicants Up to 0.50% of the loan amount or Rs 3,000 plus taxes, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 3,000 plus taxes, whichever is higher For Self-Employed Non-Professionals Up to 1.50% of the loan amount or Rs 4,500 plus taxes, whichever is higher Minimum Retention Amount: 50% of applicable fees or Rs 4,500 plus taxes, whichever is higher
Check Dishonour Charges	Rs 300
List of Documents	Up to Rs 500
PDC Swap	Up to Rs 500
Documents Photocopy	Up to Rs 500
Disbursement Cheque Cancellation Charge Post Disbursement	Up to Rs 500
Reversal of provisional prepayment under HDFC Bank Maxvantage scheme	Rs 250 + taxes
Re-appraisal of loan after 6 months from sanction	Up to Rs 2,000 + taxes

Also know about HDFC Bank Home Loan Processing Fees levied on other home loan schemes

Eligibility Criteria for HDFC Bank Home Loan Balance Transfer

• Age: 21-65 years
• Profession: Salaried applicants/Self-Employed Professionals (Doctors, lawyers, architects, CAs, CS, Engineer, Consultant, etc.)/Self-Employed Non-Professionals (Commission Agent, Trader, Contractor, etc.)
• Gender: All
• Nationality: Indian Resident

Know more about HDFC Bank Home Loan Eligibility

Documents Required for HDFC Bank Home Loan Balance Transfer

For Salaried Applicants

ID Proof and Address Proof

• Driving License
• Voter ID
• PAN Card
• Passport

Income Proof

• Salary Slips for last 3 months
• Latest ITR and Form-16
• Bank Statement for past 6 months showing salary credits

Documents for HDFC Bank Home Loan Balance Transfer

• Xerox of property documents
• A letter from the existing lenders on their letterhead mentioning the list of property documents held by them
• A letter on the letterhead of the existing financial institution stating the current outstanding balance

Other Documents

• Processing Fee cheque favoring HDFC Bank Ltd.
• Bank statement for last 6 months showing the repayment of ongoing loans
• Passport size photograph attached on the application form with signatures across
• Employment Contract/ Appointment Letter if the current employer is 1 year old

For Self-Employed Applicants

Photo ID and Residence Proof

• PAN Card
• Voter ID
• Passport
• Driving License

Income Proof

• ITR along with income computation for the last 3 years (for individual and business entity attested by a CA)
• Balance Sheet for last 3 years and profit and loss account statement with annexure/schedules (for business entity and individual attested by CA)
• Savings account statement of individual and current account statement of business entity for past 6 months

Documents for Balance Transfer

• Photocopy of property documents
• A letter on the letterhead of the existing lender stating the list of property documents held by him
• A letter from the existing lending institution on their letterhead stating the latest outstanding balance

Other Documents for HDFC Bank Home Loan Transfer

• Partnership deed, if the business entity is a partnership firm
• Latest Form 26AS
• Business profile
• Details of an existing loan of the individual and business entity including outstanding amount, remaining tenure, installments, security, etc.
• Articles of Association and Memorandum of the company
• Application form with passport size photograph attached and signed across
• List of shareholders and directors with their individual shareholding certified by CA and CS in case the business entity is a company
• Processing Fee Cheque in favor of HDFC Bank Ltd.

Know the HDFC Bank Home Loan Documentation required for other schemes