How much will I save on balance transfer?
Current Loan
Loan Amount
Tenure
Rate of Interest
Installments Paid
Eg. 40
New Loan
Processing Fees
Tenure
Rate of Interest
₹1,27,468
EMI Tenure will be increased by 40 Months
Current Interest
7,19,577
New Interest
5,72,874
Current EMI Tenure
10 Years
New EMI Tenure
10 Years
Outstanding Principal 19,23,438
EMI 34671

Transfer Your Existing Home Loan to Chola HFL and Reduce EMIs

Is your current home loan putting a strain on your finances? With the Cholamandalam Housing Finance Home Loan Balance Transfer facility, you can switch your outstanding loan to Chola HFL and enjoy lower interest rates,faster processing andflexible repayment terms. This facility is ideal for homeowners looking to optimize their loan without changing their property or restarting the process from scratch.

Why Choose Chola HFL for Home Loan Balance Transfer?

Affordable Interest Rates
Enjoy lower monthly payments with competitive interest rates, helping you save over the long term.

Top-Up Loan Option
Need extra funds? Chola HFL offers the option of a top-up loan alongside your balance transfer for needs like home improvements, education, or personal expenses.

Minimal Documentation
Switching your home loan is simple and hassle-free with documentation and quick approvals.

Customizable Loan Tenure
Choose a repayment tenure that suits your financial plan—up to 20 years, depending on eligibility.

Transparent Charges
No surprises—Chola HFL offers a clear and upfront fee structure with no hidden costs.

Apply Home loan
Is Property Finalized?
When are you planning to finalize?

Key Features of Cholamandalam HFL Balance Transfer

Feature Details
Interest Rate Starting from 8.55%* per annum
Loan Tenure Up to 20 years
Processing Fee Low and transparent charges
Top-Up Facility Available, subject to eligibility
Loan Amount Up to 75–85% of property market value
Approval Time Within 3–7 working days after document review

Who Should Consider Transferring to Chola HFL?

Chola HFL’s home loan balance transfer is ideal for:

  • Borrowers looking to reduce their EMI burden.
  • Individuals paying higher interest rates on current loans.
  • Salaried and self-employed professionals with steady income.
  • Homeowners with at least 12 months of EMI repayment history
  • Applicants who need additional funds via a top-up loan

How to Apply for Chola HFL Home Loan Balance Transfer

  • Step 1: Check eligibility online or through a Chola representative
  • Step 2: Submit required documents digitally or at a nearby branch
  • Step 3: Application review and verification by Chola HFL
  • Step 4: Disbursal of funds to your current lender and loan activation

Documents Required

  • Identity Proof (Aadhaar, PAN)
  • Existing home loan statement (past 12 months)
  • Property-related documents
  • Income proof (salary slips or audited financials)
  • Recent bank statements

Calculate Your EMI Savings Instantly

With Chola HFL’s EMI calculator you can estimate your savings before making the switch. Compare your current EMI with the new EMI under Chola HFL’s reduced rate and see how much you’ll save every month—and over the full tenure.

Start Saving with Chola HFL Home Loan Balance Transfer

Don’t let a high-interest home loan slow down your financial progress. Switch your loan to Cholamandalam HFL and enjoy lower EMIs, extra funding, and banking you can trust. Apply Now on TyTil.com

 

Frequently Asked Questions

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A balance transfer lets you shift your ongoing home loan from one lender to another offering lower interest rates or better service.
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PNB offers low interest rates, a trusted banking network, additional top-up loans, and flexible tenure options.
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Chola HFL offers attractive rates, top-up loans, fast disbursal, and minimal paperwork for a smooth loan transfer experience.
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Yes, eligible applicants can receive additional funding during the balance transfer process.
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Loan approvals usually take 3 to 7 working days after complete document submission and verification.
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Yes, Chola HFL charges a nominal processing fee, clearly communicated during the application.