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A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender. In such a case, the lender who has originally extended the home loan gets the unpaid principal amount, and the borrower is required to pay EMIs at the home loan balance transfer interest rate offered by the new lender.
With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates.
The eligibility criteria for home loan balance transfer may vary from lender to lender. For transferring your home loan balance to Tata Capital, you need to fulfill the following home loan balance transfer eligibility requirements:
The property for which you have taken a home loan should either be occupied or at least ready to be occupied
You should not have any outstanding dues on your existing home loan
Note - The eligibility criteria may differ from case to case based on the customer’s profile. There can be some other eligibility requirements for a home loan balance transfer with Tata Capital.
With Tata Capital, you can avail of the home loan balance transfer with a top-up facility. Your home loan top-up amount and your home loan balance transfer interest rate will be calculated based on your eligibility. You can use our home loan balance transfer and top-up calculator to know your home loan top-up amount instantly.
A home loan balance transfer and top-up calculator is a simple online tool that can help you determine your eligibility for transferring your home loan balance to us. You can also evaluate the monthly savings that you can make on transferring your home loan balance to us.
To use our home loan balance transfer calculator, you will need to input the following details in it:
Once you enter these details in our home loan balance transfer calculator, it will display the maximum balance transfer amount you’re eligible for and the total savings you can make every month by choosing to transfer your outstanding home loan balance to us.
Requested Loan Amount
Requested Tenure
Requested Tenure
Net Salary/Income
Monthly Obligation
Cost of Property
Loan Principle Outstanding
Existing EMI
Balance Transfer Amount
Total Savings
EMI of Final Eligibility
Final Total Eligibility
Top Up Amount
Monthly Savings
The key features and benefits of a balance transfer for home loan include:
Lower interest rates: Avail a lower rate and reduce your overall interest outgo. Even a nominal reduction can save you lakhs over the loan tenure. This is one of the biggest benefits of home loan balance transfer.
Reduced EMIs or tenure: Choose to lower your monthly EMI or shorten your loan duration based on your financial goals.
Home loan balance transfer with top up: Avail of a higher loan amount to fund additional financial requirements.
Better service and flexibility: Enjoy transparent charges, easy online tracking, and customer-friendly repayment options as one of the many home loan balance transfer benefits.
Improved cash flow: Savings from interest reduction can be redirected towards investments.
To complete the home loan balance transfer process, you must submit key documents that help verify your identity, income, current loan status and property details. These ensure a smooth loan transfer process and faster processing under the home loan transfer procedure.
1. KYC & Identity Proof
PAN Card (or Form 60)
Aadhaar Card / Passport / Voter ID / Driving Licence
Recent passport-sized photograph
Proof of address documents
2. Income & Employment Documents
Salaried: Latest 3 months’ salary slips, Form 16, last 6 months’ bank statements
Self-employed: ITR for last 2–3 years, balance sheet & profit/loss statements, business bank statements
3. Existing Loan Documents
Outstanding balance statement from existing bank
Letter from existing lender stating the list of property documents held by them
4. Property & Other Documents
Photocopy of property documents
Proof of own contribution
Ensure originals are available for verification to keep the home loan balance transfer procedure hassle-free.
When you opt for a home loan balance transfer, it’s important to understand all charges for home loan transfer so you can plan your finances clearly. Below are the key home loan balance transfer charges:
Processing Charges for Home Loan Transfer: A one-time fee charged by the new lender to evaluate and initiate your balance transfer. This covers documentation checks and administrative work. This fee is typically non-refundable.
Conversion or Review Charges: If your loan type or terms change during the transfer (for example, switching repayment features), you may see a nominal conversion fee for this service.
Pre-payment / Foreclosure Charges: Some lenders may apply a charge for home loan transfer when your existing home loan is closed early as part of the transfer process. This is to cover the cost of loan closure formalities with your current lender.
Property Document Retention Charges: If your new lender holds your property documents for safekeeping after transfer, there may be a small monthly custody fee until you request them back.
Miscellaneous Home Loan Transfer Charges: Additional small fees can include documentation copies, repayment mode changes, or legal/technical verification costs.
Your home loan balance transfer interest rate determines how much you pay over the life of your loan. When you switch to a new lender offering a more competitive rate than your current one, your monthly EMI can become noticeably lower, easing your cash flow.
Compared with standard market rates, a better rate helps reduce total interest cost and gives you flexibility to manage finances more efficiently. Always weigh the new rate against transfer charges before deciding.
Improves home loan balance transfer eligibility by combining incomes, making the home loan balance transfer offers more accessible.
Makes the loan transfer process smoother with higher approval chances due to a stronger financial profile.
Shares repayment responsibility, easing financial strain through the home loan transfer journey.
Helps explore better options and terms during the home loan takeover.
Requested Loan Amount: This is the principal home loan amount that you’ve borrowed from your existing lender
Requested Tenure: This is the duration for which you want your home loan with the new lender
Net Salary or Income: This is your take-home salary or annual income after deducting the taxes and investments
Monthly Obligations: This is the sum of your monthly commitments or requirements, including the EMIs for other loans
Cost of Property: This is the total purchase price of your housing property plus the additional taxes and expenses
Loan Principal Outstanding: This is your outstanding home loan principal amount with your existing lender
Existing EMI: This is your current home loan EMI charged by your existing lender
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Everything you need to know about home loan balance transfer
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Home Loan Repayment Guide
Yes, the home loan balance transfer facility allows you to move the remaining money on your home loan from one bank or financial institution to another lender.
Yes, we charge a processing fee for the home loan balance transfer facility to TCHFL (Tata Capital Home Finance Limited). The fee can differ based on the home loan amount and other factors. You can find the exact charge in the MITC (Most Important Terms and Conditions) document that will be shared with you when you apply for refinancing to Tata Capital.
We offer competitive rates for a home loan balance transfer. The interest rate is decided in line with the prevailing market rates and may be subject to periodic revisions based on changing market dynamics.
Yes, you can bargain and negotiate the interest rate for a home loan balance transfer with Tata Capital. You can reach out to your sourcing Relationship Manager (RM) to discuss the costs involved, get the best rates based on your credit risk profile, and proceed as you see fit.
You can generally transfer your home loan when the lock-in period for the same is over. However, different individuals may be subjected to specific terms and conditions. Therefore, it is advisable to reach out to Tata Capital Home Loan Customer Care to know more.
Yes, the transfer of your home loan balance to Tata Capital requires some processing time. Tata Capital offers a quick and hassle-free home loan balance transfer facility that typically takes anywhere between 3 and 5 days. The processing time begins after you have correctly submitted all the required documentation. In the case of incomplete or faulty information, the process may be extended a bit. Therefore, it is advised to submit all your documents promptly and accurately.
At Tata Capital, you can avail of our home loan balance transfer facility with minimal documentation, including the following:
Age proof: You can provide any of the following valid documents as proof of age: passport, driving license, PAN card, birth certificate, life insurance policy, or school leaving certificate
Identity proof: You can submit any of the following documents as proof of identity: voter ID, passport, driving license, Aadhaar card, or PAN card
Address proof: You can provide any of the following documents as proof of address: utility bills, bank statements, property registration documents, property tax receipts, or voter ID card
KYC documents: Please provide the necessary Know Your Customer (KYC) documents as per the requirements of Tata Capital
Home loan approval letter: You will need to submit the approval letter or documentation related to your existing home loan
Interest certificates from the initial lender: Provide the interest certificates or statements from your current lender showing the interest paid on your home loan
Foreclosure letter or the latest principal outstanding: You will need to provide a foreclosure letter or a statement indicating the latest outstanding principal amount on your home loan
Income proof: Submit the following income proof documents: Your last six months' operative current account statement or copies of the previous three years' Profit/Loss projection statement, or bank statements for the last six months of any CC (Cash Credit) or OD (Overdraft) facilities, if applicable
We encourage applicants to apply for a home loan balance transfer with a CIBIL score starting from 700 and above. If your credit score is lower than 700, it may affect your eligibility and approval. It is advised to maintain a high CIBIL score at all times.
Yes, you can choose to avail of a top-up loan when transferring your existing home loan to Tata Capital. A home loan top-up is only offered to existing Tata Capital home loan customers. So, once you get approval for the home loan balance transfer facility, you will also qualify for the top-up loan option.
Tata Capital's sourcing Relationship Manager (RM) will frequently update you on the status of your application for a home loan balance transfer. In the case of any urgent requirement or query, you can also write to <xyz email> and inquire about the status of your application. Alternatively, you can click here and track your application.
If your request for a home loan balance transfer is denied due to whatever reasons, you may need to wait for 12 months before reapplying for any future loan facility. You can contact Tata Capital directly for further information or clarification on the rejection of your application and how to proceed.
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