Balance Transfer and Top Up (LAP)

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The ICICI HFC Service Advantage

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The ICICI Trust
Your loan is secured by a brand with decades of trust
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Digital Experience
Raise a service request anytime, anywhere on Loan Service portal
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Additional Top-up
Get top-up funds to renovate, repair, or upgrade your business
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Longer Tenure
Increase your loan tenure when you avail a BT with us
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overview

Eligible profiles for LAP BT + Top up

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Salaried Individuals
Pvt. Ltd, PSU, Govt org, MNC, LLP
Business Owner
Proprietorship, Partnership, Pvt. Ltd, LLP
Professional
Doctors, Lawyers, CA, CS, Architects
Freelancer
Consultants, Contractors with consistent income
Trader
Wholesale, Retail, Manufacturing business owner
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Who Can Apply for a BT?

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Criteria
Express BT
Normal BT
Eligible Profiles
Self-employed and Salaried
Self-employed and 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
18 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

≥18 months → 110%

Top up as % of BT Principal Outstanding

1)     12–18 months → Only BT

2)     19–24 months → 50%

3)     >24 months → 100%

Disclaimer: Subject to ICICI HFC internal policies

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A Smart Way to Manage Your Loan

With ICICI HFC, you get the advantage of digital processes, better service, and the option of top-up funding whenever you need it. However, applying without the necessary documents can cost you time and your application fee. Before you start applying, ensure you have:

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Switching Your Loan is Easy

Step 1: Apply Online
Share your details and submit the Balance Transfer request
Step 2: Submit Documents
Provide the required loan and property documents from your existing lender and verification like income assessment, personal discussion, legal and technical will be conducted
Step 3: Loan Transfer and Approval
Once verified online, your loan is transferred to ICICI HFC
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Service Charges for LAP BT + Top Up

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General

How does balance transfer work for a loan against property (LAP)?

You can transfer your existing loan against property (LAP) from another lender to ICICI HFC. This helps you benefit from a lower loan transfer interest rate, improved service, and flexible tenure. You can also apply for a top up loan based on your eligibility.

How does a top-up loan work when transferring an existing LAP?

A top up loan is an additional amount offered over and above your transferred loan principal. The eligibility for this top up home loan depends on your repayment history, credit score, and income profile. The funds can be used for both personal and business purposes.

How can I use the top-up loan amount after transferring my LAP?

The top up amount can be used for various purposes, including:

  • Business expansion
  • Home renovation
  • Education expenses
  • Medical needs
  • Wedding or personal requirements

How can I use the top-up loan for business expansion or personal needs?

There are no specific restrictions on how you use the top up loan amount.

What are the benefits of a balance transfer + top-up loan for existing LAP holders?

Combining a balance transfer with a top up loan offers several advantages:

  • Lower LAP loan balance transfer interest rate
  • Access to extra funds through top up loan
  • Easier debt consolidation
  • Flexible repayment tenure and improved service
Eligibility

How is eligibility determined for BT + top-up LAP?

Your eligibility for a balance transfer and top up loan is assessed based on:

  • EMI repayment record
  • FOIR (Fixed Obligation to Income Ratio)
  • CIBIL score
  • Property type and valuation
  • Income documents and repayment capacity

How does a missed EMI affect my BT + top-up LAP eligibility?

Missed EMIs can lower your CIBIL score and affect your FOIR, which may reduce your top up loan interest rate eligibility or even lead to rejection of your LAP loan balance transfer request.

How does the credit score of the borrower affect LAP eligibility?

A CIBIL score of 700 or above is preferred for a LAP loan transfer. A higher score improves your chances of approval, helps you secure a better interest rate, and increases the potential top up loan amount.
Documents & Process

How many documents are required for BT + top-up LAP?

To apply for a LAP loan transfer plus top up loan, you’ll need to provide:

  • PAN card
  • Aadhaar card, Passport, Driving License or Voter ID
  • Existing loan statement
  • Property documents
  • Income proof such as salary slips, ITR, and bank statements

What property documents should I submit for LAP balance transfer?

For a loan against property balance transfer, submit the following:

  • Sale deed
  • Title and ownership documents
  • Municipal and building approvals
  • Encumbrance certificate

How do I submit my existing LAP loan statement?

Submit your latest 12-month EMI banking reflection or Statement of Account (SOA) along with the sanction letter and repayment schedule. These can be uploaded digitally or shared via an authorised channel partner.

How is the disbursement process for a top-up loan after a LAP balance transfer?

Once the balance transfer process is complete, the top up loan is disbursed after:

  • Verification of all original documents received from current lender
  • eNACH registration
  • MODT/MOE registration

The funds are then credited to your account based on your approved home LAP loan top up amount.

Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
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