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Want to reduce your home loan burden? Call us & Save more!
Imagine lightening the load of your home loan with a simple switch. At DMI Housing Finance, our Home Loan Balance Transfer is designed for borrowers seeking relief from high interest rates and rigid payment terms. By transferring your existing loan to us, you can enjoy lower interest rates, flexible payment terms, and a tenure of up to 30 years. Whether your loan is Rs.2 lakh or Rs.75 lakh, we offer terms that help make managing your loan simpler and more affordable. With our dedicated team to support you through a hassle-free transfer, we make it easy for you to focus on what matters most: feeling at home.
Age: 21 to 65 years
Eligible Employment Types: Private, Government, MNC, and contractual employees
Minimum Monthly Income: Rs. 10,000
Loan Tenure: Up to 30 years
A borrower should have a positive credit history.
Age: 21 to 65 years
Loan Amount: Up to Rs. 15 lakh
Minimum Monthly Income: Rs. 10,000 onwards
A borrower should have a positive credit history.
Age: 21 to 75 years
Eligible Applicants: Business professionals and non-professional individuals file ITR.
Minimum Monthly Income: Rs. 10,000
Loan Tenure: Up to 30 years
Eligibility Based On: GST Turnover
A borrower should have a positive credit history.
Age: 21 to 75 years
Eligible Applicants: Business professionals and non-professionals do not file ITR.
Minimum Monthly Income: Rs. 10,000
Loan Tenure: Up to 30 years
Eligibility Based On: Banking churning and average daily bank balance
A borrower should have a positive credit history.
Get all the answers to your top Home Loans Balance FAQs with DMI Housing Finance
It is a credit facility offered by banks and HFCs to borrowers from other lenders. DMI Housing Finance also offers this facility. Home Loan borrowers can transfer their loans to DMI Housing Finance for lower interest rates and suitable payment terms.
It could be a good idea if you save enough money after transferring your home loan at lower interest rates. You can use a home loan balance transfer calculator to calculate the savings. Do not forget to factor in the processing fee and other related charges for loan transfers. You can also transfer your home loan for more suitable payment terms.
Yes. According to Section 24b of the Income Tax Law, tax benefits can be claimed for the transfer of housing loans, but only if you avail of a top-up loan after your loan transfer. A borrower can avail of a maximum exemption of Rs. 30,000 on the interest paid for the top-up loan per financial year.
If you apply digitally with all the required documents and details, your home loan balance transfer application will be approved in 1 working day. Our team strives to process loans as quickly as possible for your convenience.
There is no penalty. Lenders levy charges for focusing a loan, but this is not the case with home loan balance transfer since most loans are at floating interest rates, and no lender can charge a foreclosure fee on a floating-rate loan as per the RBI guidelines.
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