Home Loan Balance Transfer - Switch to Aavas and Save Big

Transferring your home loan to a new bank / HFC can be a good option if the new bank / HFC offers a low interest rate or additional top-up loan. The following guide will help you in transferring your balance loan to a new bank / HFC, with an ease. A penny saved is a penny earned. Now you can have more money at your disposal to spend the way you like. Reduce the burden of your existing loans by transferring them to Aavas and avail the benefit of lower EMIs with our Balance Transfer product.

Apply For Home Loan Balance Transfer Calculate Your BT Loan EMI

Features of Aavas Balance Transfer Loan

You can transfer your home loans availed from other institutions to Aavas and get a benefit of the additional top-up loan.
Attractive interest rates
Tenure of up to
- 30 years for salaried customers (from government/ PSU/ Private sector) with more than ₹ 35,000/Month
- 25 years for other salaried customers
- 20 years for self-employed customers.
Integrated branch network that facilitates loan servicing at a branch convenient to you.

Required for Home Loan Balance Transfer

For Salaried People
For Self Employed People

Identity Proof

Your PAN Card is mandatory, and any one of these:

Passport
Voter ID
Aadhar Card
Driving License

Address Proof

Passport
Voter ID
Aadhar Card
Electricity bill/ water bill/ telephone bill
Driving License

Proof of Income

Salary Slips/Bank Statement/Form 16
Salary Certificate

Property Documents

A letter on the letterhead of the existing lender stating the list of property documents held by them
Latest outstanding letter from an existing financial institution on their letterhead
Photocopy of the property documents

Identity Proof

Your PAN Card is mandatory, and any one of these:

Passport
Voter ID
Aadhar Card
Driving License

Address Proof

Passport
Voter ID
Aadhar Card
Electricity bill/ water bill/ telephone bill
Driving License

Proof of Income

IT Returns and/or Financial Statements of last 3 years And/or
Informal Income Documents

Property Documents

A letter on the letterhead of the existing lender stating the list of property documents held by them
Latest outstanding letter from an existing financial institution on their letterhead
Photocopy of the property documents

Click to get more details about the Documents Required for Home Loan Balance Transfer