Balance Transfer & Topup

Loan Against Property Balance Transfer

A Loan Against Property Balance Transfer allows you to transfer your outstanding principal on your existing loan against property to another Bank or NBFC at lower interest rates. A well-planned loan balance transfer helps you reduce your EMIs, save on interest outgoings, and reduce your debt burden.
A Loan Against Property Balance Transfer allows you to transfer your outstanding principal on your existing loan against property to another Bank or NBFC at lower interest rates.

Features and Benefits

Loan against Property Balance Transfer Features

High-Value Top-Up Loans

You can avail a high-value top-up loan in Loan against Property Balance Transfer.

Part-Prepayment and Foreclosure Facility

Part-Prepayment and Foreclosure of loans to help you prepay your loan balance transfer loan, and save on interest payments.

Affordable Interest Rates

LAP Balance Transfer offers great affordability by way of competitive mortgage interest rates, and nominal fees and charges.

Flexi-Loans

Flexi-Loans are the new way of borrowing funds in India to access pre-approved loans based on your credit rating. This allows you to borrow funds at will and prepay when you have additional funds in hand.

Eligibility

Loan Against Property Balance Transfer Eligibility

The following are the common criteria that decide the eligibility for your loan application and approval at most Banks, and NBFCs.

Age

  • Salaried Person - 21 years to 58 years
  • Self-Employed Person - 25 years to 65 years

Income

  • Salaried Person - Minimum Rs. 10,000 per month
  • Self-Employed Person - Minimum Rs. 2,00,000 per year

Employment

  • Salaried Person - Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
  • Self-Employed Person - Minimum 3 years of Experience in the current field

Credit Score

  • Typically, a credit score of 750 may be considered a good score for approval.

Top up Loan Eligibility

Eligibility Criteria for a Loan Against Property Top Up

  • To be eligible for a loan against property top up loan, you first need to have an existing loan against property.
  • Your existing loan against property needs to have completed a stipulated period paying of a amount prescribed by your lender.
  • A good track record of repayments, that include no overdue EMIs, and no missing EMI payments makes you eligible for a top up.
  • Your job or business should be characterized as secure and stable with stable income prospects.
  • A good credit will be required to prove your capacity to repay your loan, since a good credit score represent good creditworthiness.

Reviews

WHAT OUR CLIENTS SAY

Abhimanyu singh

Chairman

I loved the customer service you guys provided me. That was very nice and patient with questions I had. I would really like definitely come back here. Thank you for yours service.

Jennifer Smith

Managing Director

We came out of their offices very happy with their service. They treated us very kind. Definite will come back. The waiting time was very appropriate. The representative helping was fantastic.

Paul Hill

Financial Officer

I had a good experience with Insight Loan Services. Not only did I get my loan but she also advised me that she could help me get my credit back No other financial institute.

Loan Against Property Balance Transfer