A balance transfer scheme from Fincare Small Finance Bank to meet the financial needs

A special loan scheme to help home loan borrowers meet their personal needs or pare down their debts

Fincare Small Finance Bank Home Loan Balance Transfer

This scheme is designed for home loan borrowers from other banks to help them transfer it to Fincare Small Finance Bank and avail a top-up loan to meet their personal needs. This is the perfect consolidation loan scheme for home loan borrowers since the bank offers flexible loan tenure and a competitive interest rate.

Features of Fincare Small Finance Bank Home Loan Balance Transfer

Why this Loan?

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is Rs. 25 lakh

Repayment

  • This loan must be repaid within 20 years

Interest

  • As of October 2020, the interest rate applicable to this loan may range from 12.75% to 16.50%

Margin Money (Borrower’s Contribution to Total Cost)

  • As of October 2020, this information is not mentioned on the bank’s website. Please talk to a representative to get more details

Eligibility

  • The applicants must be above the age of 18 years and residents of India
  • The borrowers should have a good repayment record for the home loan

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property financed with the loan

Processing Charges

  • The bank charges up to 2.00% of the loan amount for processing this loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.

Reference Facts

  • Fincare Small Finance Bank Website: www.fincarebank.com
  • Headquarters: Bengaluru, Karnataka
  • Call Centre Toll-free Number: 1800 313 313