Home Loan Balance Transfer Overview
Balance Transfer refers to transferring of outstanding Home Loan Balance from one financial institution to another, for a lower Interest Rate or Top-up Loan or higher Tenure. If you are looking for ways to save for the future, switch to ICICI Bank Home Loan Balance Transfer option. It’s a smart move, as it lets you transfer your Home Loan outstanding balance to ICICI Bank, at a Repo Rate linked rate of interest.
- ₹
- ₹
₹10,026
- ₹
- ₹
- ₹
- ₹
₹
₹
- ₹5,00,000
- ₹3,00,00,000
- 1
- 21
- 12
- 360
- 1%
- 21%
- 12
- 360
Monthly EMI
You Save ₹10,201/month
Total Amount Paid
- ₹
- ₹
- ₹
- ₹
- ₹
- ₹
₹65,43,590
₹50,43,590
₹60,000
₹40,000
![Image Alt Text Steps 2 Apply](/content/dam/icicibank/managed-assets/images/home-loan/avail-home-loan-in-5-steps-d.webp)
Documents required for Home Loan Balance Transfer
Transfer your existing Home Loan to ICICI Bank
As a home owner, it is important that you know about ways to save on loan repayment and manage your budget.
![Transfer your existing Home Loan to ICICI Bank](/content/dam/icicibank/india/managed-assets/revamp-pages/balance-transfer/hl-banner-a-balance-transfer-d.webp)
Home Loan Balance Transfer FAQs
How many times can I do a Home Loan balance transfer?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
A borrower can transfer a Home Loan multiple times. However, you can only do a Home Loan balance transfer after the lock-in period ends. The lock-in period usually ranges from 6-12 months.
What is the minimum tenure for a Home Loan balance transfer?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
You can apply for Home Loan Balance Transfer after paying EMI’s for 12-18 months on your loan. The minimum balance transfer amount is above Rs 15 Lakh. The minimum CIBIL score requirement is 700 for a Salaried, and 750 for Self Employed applicant
* On a case to case basis lower seasoning and CIBIL score can also be considered.
What is the penalty for a Home Loan balance transfer?
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-plus.webp)
![](/etc.clientlibs/icicibank/clientlibs/clientlib-base/resources/images/icons/ac-minus.webp)
The penalty for Home Loan balance transfer ranges between 2-5% as per the Reserve Bank of India (RBI) mandate.
Apply for Home loan
at your convenience
- Mobile Banking
- Net Banking
- WhatsApp Banking
![Mobile Banking](/content/dam/icicibank/atmbranches/images/digital-banner/mobile-banking.png)
![Mobile Banking](/content/dam/icicibank/icici-assets/imobilepay-qrcode.png)
![Mobile Banking](/content/dam/icicibank/icici-assets/pockets-qrcode.png)
![Net Banking](/content/dam/icicibank/atmbranches/images/digital-banner/net-banking.png)
![WhatsApp Banking](/content/dam/icicibank/atmbranches/images/digital-banner/whatsApp-banking.png)
Apply for Home loan
at your convenience
Mobile Banking | Net Banking
WhatsApp Banking
![Mobile Banking](/content/dam/icicibank/atmbranches/images/digital-banner/mobile-banking.png)
Your dream home is just a few clicks away!
With Digital Home Loans from ICICI Bank.
![](/content/dam/icicibank/india/managed-assets/images/home-loan/exit-popup/ibank-hl-digital-exit-pop-up.png)