DBH Balance Transfer Loan

Have you already taken a home loan from another bank or financial institution? Do you wish to top-up your current loan or extend its term to enjoy lower monthly installments at attractive interest rates? DBH offers an easy balance transfer process for your existing home loans, along with enticing benefits:

• 0% transfer fee
• Ability to top-up your existing loan amount
• Swift loan processing
• Minimal legal documentation required
• Repayment period of up to 25 years
• Competitive and appealing interest rates
• Partial prepayment without any charges
• Optional insurance coverage

Balance Transfer Loan Requirements

Requirements for Employed Individuals:

• Employment certificate/Salary certificate
• Pay slips (Last 3 months)
• Bio-Data (income-earner) / CV
• Acknowledgment receipt of income tax return
• Bank Statement (last 12 months)
• Business Card
• Ownership documents, approved plan, Rental income proof (if any)
• Other loan statements (if any)
• Copy of E-TIN Certificate
• Copy of NID
• Photo of applicant & co-applicant
• Loan Processing Fees

Requirements for Self-Employed Individuals:

• Copy of Trade License
• Copy of memorandum & Article of Association (if applicable)
• Business/Product details
• Income tax assessment (3 years)
• Acknowledgment receipt of income tax return
• Profit & Loss Account for business (3 years)
• Business bank statement (last 12 months)
• Bio-Data/ CV
• Business Card
• Copy of NID
• Copy of E-TIN Certificate
• Ownership documents, approved plan, Rental income proof (if any)
• Other loan statements (if any)
• Photo of applicant & co-applicant
• Loan Processing Fees

Property Document Requirements:

For Private Land:

1. Ownership/Lease deed (Original)
2. Baya deed for 21 years (original/certified/photocopy)
3. C.S., R.S., S.A., and City Jorip Khatian/Parcha
4. Recent Survey Report (duly attested)
5. Mutation Parcha based on Recent Survey Report
6. Up to date “No Encumbrance Certificate” for 13 years
7. Up to date Land Tax Receipt

For Government Plots:

1. Ownership deed/Lease deed of land
2. Baya deed for 21 years (original/certified/photocopy)
3. Mutation Certificate
4. Up to date Land Tax Receipt
5. Permission from the lessor to mortgage (if required)

FAQS on Balance Transfer Loan

Q: What is a balance transfer loan?
A: A balance transfer loan allows you to transfer your existing home loan from one bank or financial institution to another, typically to take advantage of better terms or lower interest rates.

Q: Why should I consider a balance transfer loan?
A: You might consider a balance transfer loan if you want to lower your monthly payments by extending your loan term or if you’re looking for better interest rates and terms than what you currently have.

Q: What are the benefits of a balance transfer loan with DBH?
A: With DBH, you can enjoy benefits such as 0% transfer fee, the option to top-up your existing loan amount, quick loan processing, competitive interest rates, flexible repayment periods of up to 25 years, and the ability to make partial prepayments without any charges.

Q: Is there any documentation required for a balance transfer loan?
A: Yes, while minimal legal documentation is required for the balance transfer loan process, you will need to provide certain documents related to your existing loan and personal details.

Q: Can I get insurance coverage with my balance transfer loan?
A: Yes, DBH offers optional insurance coverage for your balance transfer loan for added financial security and peace of mind.

Q: How can I avail of DBH’s balance transfer loan service?
A: Simply reach out to our representatives to initiate the process. They will guide you through the steps and provide assistance right at your doorstep for your convenience.