ABHFL Priority Balance Transfer offers a seamless way to transfer your existing home loan, with flexible and swift solutions that cater to your financial requirements. This loan product simplifies the process, enabling you to enjoy lower interest rates and better terms for your home.
*Download to get complete details of Priority Balance Transfer
Enjoy a seamless online application process with quick approvals.
Choose a repayment tenure that suits your financial goals, with options up to 30 years.
Transfer your existing home loan with amounts up to ₹1 crore.
Repay easily with structured monthly installments tailored to your budget.
Transfer your current home loan from other financial institutions for better terms and access to additional top-up funds.
Enjoy a hassle-free process with minimal documentation for verification.
No hidden charges, ensuring clarity and trust in every step of the loan process.
Get professional guidance and assistance at every step of your loan journey.
To ensure a smooth and hassle-free experience with ABHFL Priority Balance Transfer, we have designed simple and flexible eligibility criteria.
General Eligibility Criteria:
• Age: Applicants must be between 21 and 70 years of age • Existing Home Loan: You should have an existing home loan from another financial institution that is eligible for transfer • Employment Status: Both salaried and self-employed individuals can apply • Credit Score: A credit score of 730 or above for smooth approval • Repayment Track Record: A positive repayment history for your existing loan is preferred • Property Type: Eligible for ready-built, under-construction properties, or self-constructed units on owned land
Note: Loan eligibility is subject to property valuation and submitted documentation.
Applying for an ABHFL Priority Balance Transfer is quick and easy. Follow these simple steps to get started and enjoy better loan terms and additional top-up funds:
Ensure you meet the eligibility criteria, including age, income, and a good repayment track record on your current home loan.
Prepare the necessary documents such as KYC documents, existing loan statement and repayment details, and property documents (if applicable).
Apply online through ABHFL's digital platform. Fill in your personal, loan, and property details in the application form.
Once your application is submitted, ABHFL will process your loan request. Our team will verify your documents and loan history.
After successful verification, your loan will be approved. You will receive the loan sanction letter with details of the new terms, including the transfer amount and top-up loan eligibility.
Once you accept the loan terms, we'll initiate the balance transfer of your existing home loan from the other financial institution to ABHFL.
With your loan transferred, you can enjoy lower interest rates, better terms, and any additional top-up funds for your home.
0.25% onwards of the loan amount + applicable GST (may vary as per customer risk profile).
12% p.a. above current applicable interest rate (aggregate not exceeding 24% p.a. + GST).
₹3,000 per month (for delay in submission of Title document, Security perfection documents, Mortgage Deed, Charge creation with MCA, or non-adherence to loan agreement terms).
₹750 per instance.
₹1,000 per month in case of secured loans (for invalid, inactive, or closed/frozen bank accounts).
₹750 per instance per loan account.
As applicable based on actual delayed status or as communicated by the lender from time to time.
When facility amount is equal to ₹5 Lakhs or lesser – ₹0.50 per property | When facility amount is greater than ₹5 Lakhs – ₹100 per property.
₹1,000 per instance.
₹750 per instance.
₹200 per instance.
₹750 per instance.
₹50 per instance for Consumer | ₹500 per instance for Commercial CIBIL.
0.5% of principal outstanding + applicable GST (Change in EMI/tenor as per eligibility norms).
0.25% + GST on principal outstanding (capped at ₹7,500 per instance).
₹500 per instance.
2% of principal outstanding + applicable GST.
As per actual, where applicable.
Wherever applicable, GST @ prescribed rates will be levied on these charges.
To ensure a smooth and hassle-free process for your ABHFL Priority Balance Transfer, here's a list of the essential documents you'll need to provide:
Aadhaar Card (for identity verification)
PAN Card (for tax identification)
Passport/Driving License/Voter ID (for address verification)
Easily calculate EMIs and check eligibility with our user-friendly tools.
*Note- The calculated interest is an estimate, the final amount will be determined upon approval.
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Find answers to all your home loan queries in our FAQ section. Learn about eligibility, loan tenures, interest rates, required documents, application process, and more. Simplify your journey to owning your dream home with clear guidance.
A Priority Balance Transfer allows you to transfer your existing home loan from another financial institution to ABHFL at a lower interest rate, potentially reducing your monthly EMI and improving your loan terms.
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