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Balance Transfer (BT)

In this type of loan, the outstanding principal loan amount is transferred from one financial institution to another. Most people opt for balance transfer because of lower interest rates, lower EMIs, etc. Balance transfer also helps individuals to reduce the burden of overall debt and can be used for a home loan, personal loan, among others. At www.fundfastfintech.com , we provide seamless Balance Transfer services that allow you to transfer and pay Loan against Property balance transfer/home/personal loan balances from one source at lower interest rates. We also thoroughly evaluate all associated factors (costs, savings) before recommending a balance transfer option to our clients.




What Are The Benefits of Balance Transfer?


  • Better rate of interest compared to the current lender.
  • Longer tenure on home and personal loan compared to the current lender.
  • Top-up loan facility, wherein the banks/financial institutes can offer the applicant additional credit.
  • Reduced monthly EMI.

In today’s time, switching home/personal loan balance to another financial provider has become straightforward with no penalty. As such, we can help speed up the process, ensuring that you get a better deal.

Fill in the enquiry form if you have queries, and one of our team members will get in touch with you!




Eligibility For Personal Loan Balance Transfer


  • For existing loans, there shouldn’t be any default on EMIs.
  • At least 12 EMI on existing loan should be paid by the applicant.
  • There should be a minimum outstanding loan amount toinitiate the balance transfer process (this varies from bank-to-bank).

*Should have a good credit/loan history.

*Note: Different banks/financial institutes have different eligibility criteria.


Eligibility For Home Loan Balance Transfer


  • For existing loans, there shouldn’t be any default on EMIs.
  • At least 12 EMI on existing loan should be paid by the applicant.
  • For ready property, registration should be completed.
  • For under-construction property, the new lender must approve the project.

*Should have a good credit/loan history.

*Note: Different banks/financial institutes have different eligibility criteria.



Balance Transfer For Salaried Individual (Documents Required)


  • Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.
  • Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.
  • Latest salary slips for the last six months
  • Form-16 issued by the current employer.
  • Bank statements for the last 12 months (from which the loan EMI is paid).
  • Statement of personal/home loan from current lender.
  • Photo of Applicant & Co-Applicant.
*Note: The list of documents required varies from bank-to-bank and financial institutes.


Balance Transfer For Self Employed Professional (Documents Required)


  • Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.
  • Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.
  • Business and Office Proof.
  • Bank statements for the last six months (from which the loan EMI is paid).
  • Photo of Applicant & Co-Applicant.
  • Last 3 years balance sheet and profit and loss statement.
  • Statement of personal/home loan from current lender.

“GST Certificate”(for self employed) & “Bank Statement”

*Note: The list of documents required varies from bank-to-bank and financial institutes.


Contact us


606, Maithillis Signet,
Plot 39/4, Sector-30A,
Opp. Vashi Railway Station,
Vashi Navi Mumbai -400 703.


+91 2247787046/47/48


contact@fundfastfintech.com

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