YouTube Icon

Key Documents to Process Your Home Loan Transfer Easily

Key Documents to Process Your Home Loan Transfer Easily

Are you all set to opt for a home loan transfer to enjoy a lower rate of interest offered by another lender and also pay reduced EMIs? You are not alone! Many borrowers who don’t want to continue on a higher interest rate switch their loans to a new lender. 

However, the home loan transfer involves many processes, and documentation forms an integral part of it. Hence, here is an exclusive list of standard documents to ease the home loan transfer process. 

There are two lenders involved in this procedure. You will need to collect some documents from your current lender and submit them to the new lender. 

Documents That You Need to Collect From Your Existing Lender 

  • Consent letter 

You will need to submit an official application to a current lender informing them about the home loan transfer and ask for a letter of consent.     

  • NOC 

NOC or No Objection Certificate is proof that your existing funding company has no issues transferring the home loan to a new lender. 

  • Foreclosure letter 

You will also need to get a foreclosure letter from an existing lender stating that home loan is closed and no outstanding balance remains at all. You will be able to obtain this letter once the new lender pays the outstanding loan money to the current lender. 

  • Home loan statement 

You should also collect a home loan statement showcasing your EMI repayment track record. The statement will also carry the outstanding loan amount.   

  • Property documents 

Also, the collecting of the property documents required for a home loan from is must.  

  • Post-dated cheques 

You must have provided your existing lender with post-dated cheques while availing the home loan. You should ensure to get those post-dated cheques back. 

Documents That You Need to Submit to Your New Lender 

  • KYC documents 

KYC documents are required for the verification purpose of your identity. You can present any of the documents such as Voter ID Card, Driving License, Aadhaar Card, NREGA Card, and PAN Card. Here, a PAN Card is to be used only as an identity proof. 

  • Address proof

You can present any of the documents to verify the address details like your Aadhaar Card, Voter ID Card and Driving License. 

  • Income/financial documents 

It is to confirm your repayment capacity and the source of income. You should submit the following documents such as: 

  • Latest Salary Slips 

  • Salaried account bank statements for the last 6 months

  • Form 16 

  • Property-related documents

It is to ascertain the purchase of the property. A person opting for home loan transfer needs to present the below documents like: 

  • Documents showcasing the ownership of the property 

  • NOC from your housing society or the developer 

  • Registration and stamp duty payments 

  • Existing home loan documents

These documents are needed to check the existing loan details that there is no objection at the end of the lender to transfer the housing loan. You should submit the following documents to the new lender after collecting them from your existing lender: 

  • The home loan sanction letter or the loan agreement with the current lender 

  • Existing lender’s approvals in the form of Consent Letter, Foreclosure Letter and the NOC 

  • The updated home loan statement 

Once the discussed documents are in order and verified, the home loan transfer process will be dead easy. 

If you are ready to apply for home loan transfer, start collecting the required documents now and save time.

Author Biography.

Ayushi Choudhary
Ayushi Choudhary

Ayushi Choudhary  is an SEO executive. She has been writing articles on many topics related to latest trends, updates, and many more.

Join Our Newsletter.

Subscribe to CrowdforThink newsletter to get daily update directly deliver into your inbox.

CrowdforGeeks is where lifelong learners come to learn the skills they need, to land the jobs they want, to build the lives they deserve.


CrowdforThink is a leading Indian media and information platform, known for its end-to-end coverage of the Indian startup ecosystem.


Our mission is "Har Koi Dekhe Video, Har Ghar Dekhe Video, Ghar Ghar Dekhe Video" so we Provide videos related to Tutorials, Travel, Technology, Wedding, Cooking, Dance, Festivals, Celebration.

Apna Video Wala

News & Blogs


Unlocking Business Expansion Opportunities with...

For the longest period, conventional or traditional offices with limited facilities and fixed cub...


OpenAI : Sam Altman return as CEO of OpenAI

Sam Altman will return as CEO of OpenAI, prostrating an tried boardroom achievement that transfer...


The Benefits Of Installing Masonite Entry Doors...

When choosing the right entry doors for your store, there is a lot to consider. After all, whenev...

Top Authors

Lamia Rochdi is the Marketing Manager at Bell Flavors & Fragrances EMEA. A successful family-...

Lamia Rochdi

I’m Mertin Wilson a technician in a camera company and certified expert of different P...

Mertin Wilson

Zakariya has recently joined the PakWheels team as a Content Marketing Executive, shortly after g...

Zakariya Usman

Pankaj Singh is a Senior Digital Marketing Consultant with more than 2 years of experience in SEO...

Pankaj Singh

Our Client Says

WhatsApp Chat with Our Support Team