Sundaram Home Finance Balance Transfer Loan
Are you paying high interest on your current home loan? Sundaram Home Finance Balance Transfer Loan lets you switch your loan to a lower interest rate, reducing your monthly EMIs and overall cost. With competitive rates, flexible repayment terms, and no prepayment charges, Sundaram Home Finance makes it easier for you to save more. Apply through NoBroker for a smooth and hassle-free transfer experience.
Sundaram Home Finance Balance Transfer Loan
If you’re paying a higher interest rate on your existing home loan, transferring it to Sundaram Home Finance Balance Transfer Loan could help you save money over the long term. With a Sundaram Home Finance Balance Transfer Loan, you can move your home loan from another financial provider to Sundaram Home Finance at a lesser interest rate, which means reduced monthly installments and long-term savings. Apply through NoBroker for a seamless experience.
What is a Balance Transfer/Take Over Loan?
A Balance Transfer Loan allows you to transfer your existing home loan from another lender to Sundaram Home Finance Balance Transfer Loan. This move could significantly reduce your interest rate, resulting in lower monthly EMI payments. The loan is easy to apply for, with quick processing and personalized service that ensures your transfer is hassle-free.
Key Features of Balance Transfer Loans:
- Lower Interest Rates: Transfer your existing loan to Sundaram Home Finance Balance Transfer Loan at more competitive rates.
- Reduced EMIs: Enjoy lower monthly installments, making it easier to manage your finances.
- Flexible Terms: Choose repayment terms that suit your financial situation.
- Quick Processing: Get a fast approval and disbursal process.
- No Prepayment Charges: Transfer without worrying about hefty prepayment penalties.
Why Choose Sundaram Home Finance Balance Transfer Loan via NoBroker?
Sundaram Home Finance Balance Transfer Loan comes with a host of benefits designed to make your life easier. By applying through NoBroker, you can take advantage of expert assistance and a smooth, transparent process.
Key Features & Benefits
| Feature | Details |
| Loan Transfer | Move your existing home loan to Sundaram Home Finance at lower rates |
| Interest Rates | Competitive and affordable rates that result in savings |
| Flexible Repayment | Choose repayment terms that work best for you |
| Quick Processing | Fast approval and disbursal to meet your financial needs |
| In-House Assistance | Legal and technical support to ensure a smooth transfer |
| Document Security | State-of-the-art infrastructure to keep your documents safe |
| Nationwide Reach | 120+ branches across India for easy accessibility |
| Insurance Scheme | Coverage in association with Royal Sundaram |
Eligibility Criteria for Sundaram Home Finance Balance Transfer Loan
To be eligible for a Sundaram Home Finance Balance Transfer Loan, you must meet the following criteria:
For Resident Indians (Salaried or Self-employed)
- Age: 21–65 years
- Stable income with verified proof
- Existing home loan with another financial institution
For NRIs / PIOs / OCIs
- Valid Indian passport (for NRIs)
- Valid PIO/OCI card (if applicable)
- Proof of overseas address and employment
Note: Co-applicants (such as a spouse or parents) may increase loan eligibility.
Documents Required for Sundaram Home Finance Balance Transfer Loan
Here are the required documents for the Balance Transfer Loan application:
KYC Documents (Proof of Identity and Address)
- PAN Card: Mandatory for all applicants
- Aadhar (masked), Passport, Driving License, Voter ID, or NREGA Job Card
- If the current address is not on any of the documents above, provide a utility bill (electricity, telephone, or gas bill) not older than 2 months, or a property tax receipt.
- For NRIs/PIOs/OCIs: Passport and overseas address proof are mandatory
Income Documents
Salaried Individuals
| Document | Description |
| Salary Slips | Latest 3–6 months (depending on salary variability) |
| Form 16 | Wherever applicable |
| Bank Statements | Last 6 months (salary credit and EMI debit) |
NRI/OCI/PIO Salaried
| Document | Description |
| PIO/OCI Card | For foreign passport holders |
| Work Visa or Permit | Valid employment documentation |
| POA | Duly signed Power of Attorney (SHFL format) |
| Salary Documents | 3 months’ salary slips and 6 months’ salary credit bank statements |
| NRE/NRO Account Statements | Last 6 months |
| CDC | For merchant navy professionals |
Self-Employed Individuals
| Category | Required Proof |
| Business Registration | GST, MSME, Factory License, etc. (anyone) |
| Income Tax Returns | Past 2 years with the balance sheet, P&L, and tax computation |
| GST Returns | Latest 1 year (where applicable) |
| Bank Statements | 12 months’ primary business account and EMI account |
Additional for LLPs / Firms / Companies
- Partnership deed / MOA / AOA / Board Resolution
- Company/Firm PAN card
- Shareholding pattern (attested by CA)
- Beneficial ownership declaration
- Legal Entity Identification Number (LEI), if applicable
Property Documents
The property documents required for the Sundaram Home Finance Balance Transfer Loan are similar to those for the original home loan. These include:
| Type of Extension | Required Documents |
| Constructing on Own Plot | Ownership proof approved building plan |
| Flat Purchased from Builder | Allotment letter, builder agreement, etc. |
| Resale House or Flat | Sale deed, encumbrance certificate, tax receipts |
| Power of Attorney-based Transfer | Registered Power of Attorney document |
Why Apply for Sundaram Home Finance Balance Transfer Loan via NoBroker?
Here are the key benefits of applying for your Sundaram Home Finance Balance Transfer Loan through NoBroker:
1. No Brokerage Fees
You won’t have to pay any broker fees or commissions when you apply through NoBroker.
2. Expert Guidance
Get professional help throughout the loan transfer process to ensure everything runs smoothly.
3. Online Application
The entire process is digital—apply from anywhere and keep track of your application status.
4. Fast Processing and Disbursal
Balance transfer loans are processed and approved quickly, allowing you to save money faster.
Tax Benefits on Balance Transfer Loan
The interest paid on a Sundaram Home Finance Balance Transfer Loan is eligible for tax deduction under Section 24(b) of the Income Tax Act if the loan is used for the construction or renovation of the property.
Final Thoughts
Transferring your existing home loan to Sundaram Home Finance Balance Transfer Loan can help you save significantly on interest and reduce your monthly installments. By applying through NoBroker, you can enjoy a fast, easy, and cost-effective transfer process, with expert support and guidance along the way.
Start your loan transfer today—apply for Sundaram Home Finance Balance Transfer Loan via NoBroker!
