Balance Transfer in Chennai

Click to apply for Balance Transfer in Chennai

Balance transfer Chennai allows individuals to move their existing loan balances to a new lender offering better terms or lower interest rates. This process can help borrowers save money on interest payments and simplify their finances by consolidating multiple loans into one.

Types of Balance Transfer Chennai

  • Home Loan Balance Transfer
  • Personal Loan Balance Transfer

Indexia Finance facilitates Home Loan & Personal Loan Balance Transfer Chennai, bringing the right bank to your doorstep. Apply online for a Balance Transfer in Chennai at the lowest interest rates.

Eligibility Criteria

  • Home loan balance transfers and personal loan balance transfers have stringent eligibility requirements, similar to those when initially taking out the loan.

Required Documents

  • PAN card
  • Company ID card
  • Residence proof
  • Latest utility bills for both self-owned and rented residences
  • Latest CTC
  • Last 3 months’ salary slips
  • Bank statements for the last 6 months
  • Form No.16
  • Loan repayment track records (if any)
  • Foreclosure letter & list of original documents kept with the bank
  • Property documents for residential/commercial premises

Required Documents

1. Common Documents

  • Photographs of each applicant & co-applicant
  • PAN Card copies
  • Aadhaar card copies
  • Passport copies
  • Self-owned residence proof
  • Utility bills for office address proof

2. Income Documents

For Salaried individuals

  • Payslips for the last 6 months
  • Employment certificate
  • Form 16
  • Bank statements

For Self-employed individuals

  • Company PAN card
  • MOA & AOA copy
  • ITR for the last 3 years
  • GST certificate
  • Sanction letter of all loans

3. Additional Documents

For Unsecured Loans

  • Loan repayment track records
  • Foreclosure letter of existing loan

For Secured Loans

  • Property documents
  • Loan repayment track records
  • Foreclosure letter & list of original documents kept with the bank