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    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.

    • Balance Transfer Calculator

      Calculate your monthly savings

    ₹
    • ₹
    • ₹
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    %

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    ₹
    • ₹5,00,000
    • ₹3,00,00,000
    %
    • 1
    • 21
    • 12
    • 360
    %
    • 1%
    • 21%
    • 12
    • 360
    Your Existing Home Loan
    ICICI Bank Home Loan

    ₹ 30,000

    ₹ 20,000

    Monthly EMI

    You Save ₹10,201/month

    ₹ 30,000

    ₹ 20,000

    Total Amount Paid
    ₹24,48,240
    Apply Now Get A Callback
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    • ₹
    • ₹
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    • ₹
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    %

    ₹65,43,590

    ₹50,43,590

    ₹60,000

    ₹40,000

     

    Image Alt Text Steps 2 Apply
    Apply Now

    Documents required for Home Loan Balance Transfer

    KYC Documents

    KYC Documents

    • Aadhaar Card
    • Proof of current residence
    Income Documents

    Income Documents

    • Income documents are not required
    • Documents can be asked for, on a case-to-case basis
    Other Documents

    Other Documents

    • List of documents from existing financier
    • Repayment track record
    • Bank Statement

    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.

    Explore our Home Buyers Guide
    Transfer your existing Home Loan to ICICI Bank

    Home Loan Balance Transfer FAQs

    Expand All | Collapse All

    How many times can I do a Home Loan balance transfer?

    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?

    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.

    Is balance transfer a good option for a Loan?

    Balance transfer can be a good option for a Home Loan. Transferring your Loan to another lender with a lower Home Loan interest rate can reduce the EMI and overall interest payment. For better research, use a Home Loan Calculator to compare different offers and ensure the savings outweigh any transfer fees.

    Who is eligible for a Home Loan Balance Transfer?

    You can apply for a Home Loan Balance Transfer with ICICI Bank, if you meet the below eligibility criteria:

    • Applicable for individuals with CIBIL score of 700 and above
    • Applicable only for online Loan sanctions.
    View More

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