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Lower EMIs and greater savings

  • Quick and hassle-free online application

  • Long repayment tenures and reduced EMIs

  • Apply and track seamlessly

  • Centralized NRI desk for faster processing

  • Disbursement without visiting India through Power of Attorney

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Disclaimer*: For representation purpose only. Final values may vary subject to bank's policy.

Things you should know

  • Processing Fees

    Check for the applicable fees and charges before making the transfer decision.

  • Eligibility Criteria

    Ensure you meet the lender’s requirements for balance transfer.

  • Documents Needed

    Check all the required documents for the balance transfer process.

  • Outstanding Loan Term

    Consider your current loan tenure when transferring for better savings.

  • Prepayment/Foreclosure Charges

    Be aware of any charges on your current loan.

  • Connect With Us

    Dedicated assistance from ICICI Bank offices in New York, ( +1 646 827 8450), California, (+1 408 769 4311),  and Texas(+1 972 480 6851)

About Balance Transfer Loan

What is Loan Balance Transfer and how does it work?

Loan Balance Transfer is the process of transferring your existing loan to another lender, generally to get better terms like a lower interest rate, long tenure, or top-up on your outstanding loan for higher loan amount

How can I transfer my Home Loan balance to another lender?

You can transfer your Home Loan balance by applying with the new lender, providing your loan details, and completing the documentation process. The new lender will settle the outstanding amount with your current lender and take over the loan.

What are the benefits of doing a Loan Balance Transfer?

Benefits include an attractive interest rate, long tenure or top up on your existing loan for higher loan amount

How does Loan Balance Transfer affect my loan tenure and EMI?

Depending on the new terms, the loan tenure may be extended to reduce EMIs, or you could opt for a shorter tenure to pay off the loan faster. The EMI amount will depend on the new interest rate and tenure.

 

 

*T&Cs. ICICI Bank offices in the U.S. does not process, approve and disburse any loans.

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