Calculate Savings for Home Loan Balance Transfer

The eligibility for a home loan balance transfer depends on the following:

• Monthly income of the applicant
• Amount of home loan being transferred
• Age of the applicant

Following are the common documents required for IDFC FIRST Bank home loan balance transfer:

• Original home loan sanction documents
• Identity proof of the applicant
• Property details
• Bank statements and other financial details (depending on the type of applicant)

For self-employed individuals:

• Must be an Indian resident
• Should be between 23-70 years of age
• Must have minimum 4 years of business continuity
• Must earn minimum ₹1.5 lakh per annum
• Tenure duration: 12 months to 300 months

For salaried individuals:

• Must be a resident Indian or non-resident Indian
• Should be between 21-60 years of age
• Must have minimum 3 years of work experience
• Must earn minimum ₹1 lakh per annum
• Tenure duration: 12 months to 360 months