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Home Loan Balance Transfer

Avail the benefits of lower EMIs

Apply For Home Loan Balance Transfer

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Top Features Of Home Loan Balance Transfer

About Home Loan Balance Transfer

    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 AU Small Finance Bank and avail the benefit of lower EMIs with our Balance Transfer product. We provide speedy approvals, competitive rates, easy process, and minimum paperwork.

    Our Relationship Officers will guide you through the Home Loan Balance Transfer procedure.

Features of Home Loan Balance Transfer

  • Available for non-income proof customers: Home Loan Balance Transfer is available with minimal or no income proof and with the support of other documentation.
  • No hidden charges: Completely transparent process without any hidden charges.
  • Doorstep services: Door-to-door services by AU Loan experts along with expert financial counselling.
  • Easily available in rural India: Wide branch network with availability in rural, semi-urban and urban areas across locations.
  • Wide network of approved financial institutions: You can transfer your home loans availed from other Banks/Financial Institutions to AU Small Finance Bank and get the opportunity to get an additional top-up loan.

Benefits of Home Loan Balance Transfer

  • Wide branch network: Available at 400+ locations across India.
  • Tax benefit: Under Section 24, 80EE & 80C of Income Tax Act.
  • Different modes for payment available: E-NACH/ ECS/ ACH and other state-of-the-art modes.

Eligibility Criteria

  • Indian Resident
  • Minimum age – 18 years
  • Maximum age – 70 years at maturity
  • Minimum Home Loan tenure – 1 Year
  • Maximum Home Loan tenure – 30 years for Bank salaried and 20 years for Cash Salaried/SEP/SENP
  • Minimum amount – INR 2,00,000

Documents required for Home Loan Balance Transfer

Purpose Documents
Identity, age and address proof 1. Valid Passport
2. Voter ID Card
3. Aadhaar Card
4. PAN card
5. Valid Driving License
For the complete list of acceptable KYC documents, please contact the nearest AU Small Finance Bank branch
Income proof Salaried
1. Salary Slips/ Bank Statements/ Form-16
2. Salary Certificate (cash salaried cases)
1. IT Returns and/ or Financial Statements of the last 3 years and/ or
2. Informal Income Documents
Other documents 1. Application form with photograph duly signed
2. Processing fee cheque
3. Proof of business existence
4. Last 6 months bank statements
Property related documents
1. A letter on the letterhead of the existing lender stating the list of property documents held by them
2. Latest outstanding balance letter from the existing financial institution on their letterhead
3. Photocopy of the property documents

Please go through the Schedule of Charges for further details.

Know more about the different types of Home Loans we offer.

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