Balance Transfer and Top-up

Introduction

Switch your existing home or property loan to us for lower rates, higher eligibility, or a longer tenure. You can also get extra funds with a top-up loan based on your eligibility.

Purpose

Transfer your existing Housing or Property Loan from other banks/NBFCs to us for better rates, higher eligibility, or longer tenure. Top-up option available based on eligibility.

Loan Amount

Up to 50 Lakhs

Tenure

Up to 20 Years for Housing Loan, Up to 15 Years for Property Loan

Interest Rate

Starts from 12% per annum

Repayment

EMI based, NACH, Post-dated Cheques, Online Payment and also through all the gold loan branches of Manappuram Finance Limited.

Balance Transfer and Top-up Interest Rates

FAQ

What is a balance transfer and top-up loan?

It lets you move your existing Housing or Property Loan from another bank or NBFC to Manappuram Finance for a better rate, higher eligibility, or a longer tenure. If you qualify, you can also add a top-up loan on the same request for extra funds.

Who is eligible for a balance transfer?

You need to be an Indian resident with a satisfactory repayment history on your existing loan, a stable income profile, and valid property documents in order.

What documents are required for a balance transfer?

You'll need your KYC documents along with the latest outstanding balance certificate from your existing lender.

What is the maximum amount I can transfer?

You can transfer up to ₹50 lakhs, depending on your eligibility and the outstanding balance on your existing loan.

What is the interest rate for balance transfer and top-up loans?

Rates start from 12% per annum*. The exact rate depends on your loan amount, property, and eligibility profile.

How long can I take to repay the transferred loan?

Up to 20 years for a Housing Loan and up to 15 years for a Property Loan*.

How do I repay the loan?

You can repay through EMI, NACH, online payment, or at any Manappuram gold loan branch.

*Note: All loans are subject to eligibility, documentation, and underwriting as per our policies.Terms and conditions applied.
For more details: Please contact 1800-571-2211.