Home Loan Balance Transfer

At Utkarsh Small Finance Bank, we offer the facility to transfer the balance of an existing home loan through the home loan takeover facility. The new loan after takeover is for an amount ranging from 5,00,000 to a maximum of 5,00,00,000. The tenure for such loans range from three years and maximum of 30 years. We offer affordable and attractive interest rates, charged on reducing balance.

Rewards

Get

Rewards

1 reward point on every 100 spends on debit card

15% discount

Get

15% discount

1 reward point on every 100 spends on debit card

Free

Get

Free

Cash withdrawal on Utkarsh Bank ATMs

  • For more information, reach out to us at our nearest branching outlet.

  • Salaried individual with minimum 3 year's service with 12 months or more in the current job.

  • Self employed/businessmen should have been in the business/profession for a minimum period of 3 years .

  • The entry age of borrower/s shall be less than 60 years for salaried & 65 years in case of self employed at the time of availing the loans.

S.No. Charge Name Charges
i. Processing Fees 0.25% to1% of Loan Amount + applicable taxes
ii. Legal and Technical Charge As per actuals
iii. Cheque /NACH/ SI Bouncing Charges 300 + Applicable taxes
iv. Pre Closure / Pre Payment Charges (Loan Priced at Fixed Rate of Interest) 2% + Applicable taxes on principal outstanding of Home Loan Products where end use is Housing
4% + Applicable taxes on principal outstanding of Non Home Loan Products (Home Loan Plus) where end use is not Housing
v. Penal Interest on Overdue EMI 2% per month on the Overdue EMI
vi. List of Documents Charges 100 + Applicable taxes
vii. Photo Copy of Property papers 500 + Applicable taxes
viii. Duplicate Interest and Principal Certificate issuance Charge 250 + Applicable taxes
ix. Duplicate No dues Certificate / NOC issuance Charges 250 + Applicable taxes
x. Swap Charges (Cheque/Instrument) 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes
xi. Duplicate statement issuance Charges 250/- per instance per set + Applicable taxes
xii. Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower 250/- per instance per set + Applicable taxes
gift-icon
Apply to Home Loan Balance Transfer

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

FAQs

Once you decide to transfer your existing home loan, you need to get the current loan outstanding amount from the existing loan provider in the form of balance confirmation certificate. Once you have determined your eligibility for the loan transfer, you can apply for a Takeover of Loan with Utkarsh Small Finance Bank.

Usually, the collateral would be the house property which is bought with the loan amount or is associated with the loan.

Since it is as good as a new loan application, the processing of the same will take 15-20 days. Once the procedures are completed, the loan gets transferred.

Once your loan application is approved, Utkarsh Small Finance Bank will make the payment to your existing home loan provider on the basis of the balance confirmation certificate issued by them. After the clearance of funds, the current lender will hand-over the property documents in their possession to Utkarsh Small Finance Bank.

Blogs

How to select the perfect Savings Account

Read more

Fixed Deposit Vs Public Provident Fund : Which is Better?

Read more

Everything you need to know before taking a loan for home

Read more

Top media stocks in India : Entertaining Income

Read more

You may also be interested in

Savings
Savings

Earn up to 7.50 %* on your Savings Account and get interest credited quarterly

Deposits
Deposits

Earn interest rates up to 8.50 %* p.a. and 9.10 %* p.a. for Senior Citizens

Loans
Loans

Get Loan amount upto 10 Crores with Flexible Tenure upto 15 years

Explore offers on debitcard
Insurance & Investment

Turn your surplus funds into security, for a better tomorrow

go-to-top

TOP