Balance Transfer and Top Up (HL)
The ICICI HFC Service Edge
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Trusted Legacy
Backed by decades of ICICI’s reliability and trust
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Digital Support
Raise a service request anytime, anywhere on Loan Service portal
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Additional Funds
Get extra top-up funds for home upgrades, repairs, or renovations
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Extended Tenure
Longer repayment period when you transfer your loan to us
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Balance Transfer plus Top Up
Ready for a BT Upgrade? Let’s Find Out!
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Criteria
Express BT
Normal BT
Eligible Profiles
Self-employed and Salaried
Self-employed non-professional / Salaried
Age
Self Employed: 23 to 70 years
Salaried: 21 to 60 years
Self Employed: 23 to 70 years
Salaried: 21 to 60 years
Bureau Score
725 and above
725 and above
Min EMI Served
12 months
12 months
Maximum Loan Amount
₹5 crore
₹5 crore
Eligibility
Eligibility basis customer repayment track record
Eligibility basis customer income (Min. Income: 12,000+ per month)
Top Up
Top Up as % on original loan amount
1) 12-18 months → 100%
2) 19-24 months → 120%
3) >24 months → 135%
Top up as % of BT Principal Outstanding
1) 12–18 months → 20%
2) 19–24 months → 50%
3) >24 months → 100%
- Express BT: Transfer of loan on the basis of repayment track record
- Normal BT: Transfer of loan on the basis of income eligibility
Disclaimer: Subject to ICICI HFC internal policies
Switch to Save for ICICI HFC Advantage
With ICICI HFC, enjoy the advantage of digital processes, better service, and easy top-up funding whenever you need it. However, applying without the necessary documents can lead to delays and result in the loss of your application fee. Before you begin, make sure you have:
Your 3-Step Home Loan BT Journey
Step 1: Apply Online
Share your details and submit the BT request
Step 2: Submit Documents
Submit the required KYC, property, income and loan documents from your current lender and other verifications like income assessment, legal, technical and personal discussion to be conducted
Step 3: Loan Disbursal & Approval
Once verified, agreement is signed and your loan is transferred to ICICI HFC
Know Your BT Service Charges
Product
How does home loan balance transfer work?
A home loan balance transfer allows you to move your existing housing loan from another lender to ICICI HFC. This helps you benefit from a lower interest rate, improved service, and flexible repayment options. You may also apply for a top up loan on home loan, depending on your eligibility.
How does a top-up loan on a home loan work?
A top up on home loan lets you borrow an additional amount over and above your transferred principal balance. The top up home loan amount is approved based on your repayment history, income, and overall eligibility. You can use this top up loan for personal, business, or home improvement needs.
How does balance transfer benefit me financially?
A home loan transfer can help you save money by offering better interest rates and reducing your EMI burden. Lower interest outgo and flexible repayment terms make balance transfer a smart financial move.
How can I use the top-up loan amount?
You can use your home loan top up for purposes such as home renovation, debt consolidation, or business expansion.
Eligibility
How is eligibility determined for BT + top-up?
Eligibility for a home loan balance transfer with a top-up is assessed based on factors like your EMI repayment history, FOIR, CIBIL score, property type and valuation, and valid income documentation.
How does credit score affect BT and top-up eligibility?
A CIBIL score of 700 or higher improves your chances of approval for both home loan transfer and top up loans. A good credit score also helps you get a lower home loan interest rate and a higher top up loan amount.
How are top-up loan approvals evaluated?
Top up loan approvals are evaluated based on your EMI track record, FOIR, income documentation, and property valuation. These factors together help determine your eligibility and top up home loan interest rate.
Documents
How many documents are required for a home loan balance transfer?
You will need to submit the following documents for a home loan balance transfer:
- PAN Card
- Aadhaar, Passport, or Driving License
- Existing loan statement, FC and LOD
- Property documents
- Income proof (salary slips, ITR, bank statements)
How are property documents handled during a balance transfer?
Property documents are verified during the legal check to ensure they match the ownership and loan records. Once your balance transfer is sanctioned, the original documents are collected by ICICI HFC from current lender of customer.
How is a new property valuation report used for BT + top-up?
A fresh property valuation report is prepared to assess the current market value of your property. This valuation helps determine your eligibility for the top up loan on home loan and is conducted through the PAS and technical team.
How do I get my existing loan statement for BT?
To process a housing loan transfer, submit the latest 12-month EMI statement, along with the original sanction letter and repayment schedule from your existing lender.
Process and Interest Rates
How is the BT + top-up application processed after submission?
Once your application for home loan transfer and top-up is submitted, it goes through these stages:
- Login and Document Collection
- Credit Appraisal (including CIBIL check, EMI history, FOIR, PD)
- Legal and Technical Verification
- LAN Generation and Agreement Signing
- Loan Disbursement
What are the stages of the BT + top-up loan approval process?
The housing loan transfer and top-up process typically follows these stages: Login → Credit check and PD → Legal/technical verification → Sanction → BT loan closure + Property papers received = top up disbursed. Your EMI history, income stability, and property value are key factors throughout.
How is the interest rate determined for a balance transfer?
The home loan balance transfer interest rate depends on factors such as your CIBIL score, existing ROI, EMI repayment record, income type, and property category. A strong repayment history and higher credit score can help you secure a better top up home loan interest rate.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
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