Prerequisites for Home Loan Balance Transfer Eligibility


  • A borrower is eligible for a home loan balance transfer, if having an outstanding home loan with a bank.

  • Should have a running home loan with one lender with clear repayment track on loan, shouldn’t have any bounce in loan during last 12 months.

  • Home loan with existing banker should be at least 6-12-month-old in the books of lender.
  • There should not be any default in payment of EMI on existing loans.

  • It should be a ready property, selective banks offer BT facility for under-construction properties.

  • In case of an under-construction property, the project should be approved by the lender, you are applying for a balance transfer of loan.