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Balance Transfer and Top - Up

Many a times, customers of Home Loan have experienced that the interest rates for existing home loans has gone up by a high margin. This means that they either have to pay a higher EMI or their home loan tenure has increased, this is a great financial loss for any person especially it upsets the entire budget for any middle class person. So we provide the option of the transfer of loan from existing bank to any other bank which provides huge benefits by way of significant decrease in home loan rate. Sometimes the decrease in rates is as much as up to Rs. 50 lakhs over the tenure of the loan.

Top up means an increase or further sanction of home loan in addition to the existing home loan amount. We always recommend a top up on home loan rather than taking any other loan (for any personal uses like marriage or medical expenses or vehicle or education etc.) like lower interest rate of home loan as compared to personal loan or vehicle loan or any other private finance. Further the processing charges and the time taken is also lower.

Documents Required for Balance Transfer

Salaried Customers Self Employed Professionals Self Employed Businessman
Application form with photograph Application form with photograph Application form with photograph
Identity and Residence Proof Identity and Residence Proof Identity and Residence Proof
Latest Salary-slip Education Qualifications Certificate and Proof of business existence Education Qualifications Certificate and Proof of business existence
Form 16 Last 3 years Income Tax returns (self and business) Business profile
Last 6 months bank statements Last 3 years Profit /Loss and Balance Sheet Last 3 years Income Tax returns (self and business)
    Last 3 years Profit /Loss and Balance Sheet
Processing fee cheque Last 6 months bank statements Last 6 months bank statements (self and business)
Processing fee cheque Processing fee cheques

List of document from Bank (list of document which is submitted to bank.)

List of document from Bank (list of document which is submitted to bank.)

List of document from Bank (list of document which is submitted to bank.)

Foreclosure letter (Showing outstanding loan amount) Foreclosure letter (Showing outstanding loan amount) Foreclosure letter (Showing outstanding loan amount)

Enquiry

 

Navi Mumbai : Shop no 8, Priyanka Darshan,
plot no 35, sector 10,
Sanpada, Navi Mumbai – 400 705.
+91 9967252743
jayesh@mahavirfinserve.com

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