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Documents Required for Home Loan Balance Transfer

 

Transferring your Home Loan to ICICI Bank is a simple and transparent process. Below are the documents typically required based on your profile:

  • Identity Proof & Address Proof: Aadhaar, Passport, Voter ID, or Driving Licence

  • Income Proof:

    • Latest one-month salary slip

    • Form 16

    • 6 months’ Bank statements showing EMI deductions

  • Loan Documents:

    • Outstanding loan statement from the current bank

    • 12 months’ EMI repayment record

  • Identity Proof & Address Proof: Aadhaar, GST Certificate, or Business Registration Proof

  • Income Proof:

    • Last 2 years’ ITRs and audited financial statements

    • 6 months’ Bank statements

  • Loan Documents:

    • Loan repayment track record

    • Loan account statement and sanction letter from existing lender

  • Business Registration Certificate (URC/GST/Shop Act)

 

  • Incorporation or Partnership Deed

  • KYC of authorised signatories

  • Latest financials certified by a Chartered Accountant

  • Current loan statement from existing lender

     

Note: The document list is indicative and may vary based on your profile and property type.

FAQs

What is a Home Loan Balance Transfer?

A Balance Transfer lets you move your existing Home Loan from your current lender to ICICI Bank to save on your EMI’s.

Why should I transfer my Home Loan to ICICI Bank?

ICICI Bank offers quicker processing, and the option to avail additional top-up loans with transparent terms.

How long does the transfer process take?

In most cases, the transfer process can be completed within a few working days, subject to submission of required documents and verification.

Can I get a top-up along with a balance transfer?

Yes, ICICI Bank offers a top-up loan facility for additional financial requirements like renovation or education expenses.

Will my EMI change if the Repo Rate changes?

Yes, if the Repo Rate increases or decreases, your applicable rate of interest and EMIs may be reset as per the revised rate for floating rate of interest.

Disclaimer

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