Reliance Loan Against Property Balance Transfer Trichy

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All about Reliance Loan Against Property Balance Transfer Trichy

Reliance Loan Against Property Balance Transfer Trichy

Call us on  9878981166

A reduction of even 1 percent can save more than Rs 1.5 lakh on a loan amount of Rs 10 lakh over a tenure of 20 years.

What is Loan Against Property Balance Transfer ?

Loan Against Property Balance Transfer means transferring a loan amount from one lender to another with Low Interest Rates.

Who is Eligible for Loan Against Property Balance Transfer ?

Eligibility for Loan Against Property Balance Transfer is:

  • Person with a clear track record with current loan.
  • Stable monthly income.
  • Businesmen, with stable business and income.
  • A partnership firm or a private limited company.
  • Professionals, with stable business and income.

What is the purpose for choosing Loan Against Property Balance Transfer?

The purpose to get a loan against property balance transfer can be like shifting loan to a lender, who is offering lesser rate of interest or for getting a top up on the previously taken loan amount.

  Reliance Loan Against Property Balance Transfer Trichy: Key Features  

  • Simple documentation and speedy processing.
  • Transfer your home loan to a lower interest rate.

Things to take care of Loan Against Property Balance Transfer

  • In loan tenure if the payment period is more than 5 years, then the person can take the balance transfer option.
  • If the paying pre payment is ended then there is no use for transfer the home loan balance from one bank to another.  

Tips to Remember for Loan Against Property Balance Transfer – Do’s & Don’ts

  • Calculate whether it still makes economic sense for customers to pay the net refinancing charges and fees can be imposed.
  • If the person can avail the balance transfer scheme then he must confirm that the new rate is low and it should not be increased after 6 months or minimum period.
  • Make sure that your new lender for the paperwork is in order, especially property ownership papers, or may delay the disbursement.

Reliance Loan Against Property Balance Transfer Trichy: Other Benefits

  •  Better service from the new lender
  •  More suitable terms especially loan tenure etc
  •  Availability of a top-up on the loan amount against the same property 

Reliance Loan Against Property Balance Transfer Trichy: Documents

Salaried Persons

  • PAN Card copy of the main applicant
  • Identity, residence and age proof
  • Application form with photograph duly signed by all applicants
  • Form 16/Income tax returns
  • Last 3 months salary- slips
  • Processing fee cheque
  • Last 6 months bank statements

Self-Employed Professionals

  • Bank statement of last 6 months
  • Last 3 years CA certified/audited balance sheet and profit and loss account
  • PAN Card copy of the applicant
  • Residence, identity and age proof
  • Proof of business existence and education qualification certificate
  • Processing fee cheque
  • Application form  signed by all applicants with attached photograph
  • Last 3 years income tax returns with computation of income

Self-Employed Non-Professionals

  • Processing fee cheque
  • Age, residence and identity  proof
  • PAN Card copy of the main applicant
  • Proof of business existence and business profile
  • Income tax returns with computation of  income of last 3 years
  • Last 3 years profit & loss account and CA certified/audited balance sheet
  • Last 6 months bank statement
  • Application form signed by all applicants with photograph

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Leading Loan Against Property Balance Transfer Providers (Click to Apply)

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