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Home Loan Balance Transfer Top-up for Doctors for Higher Education

As a thriving doctor, you may wish to pursue higher education in the field of medicine or surgery, requiring substantial finances. While an education loan seems to be an ideal choice, you can also refinance your existing home loan with us to get a top-up of up to Rs. 1 crore* or higher* and fund your higher education.

VISA AND FLIGHTS

VISA AND FLIGHTS

Visa is a necessary expense for the ones who wish to pursue higher education. You may also need to pay for flight tickets and insurance. These costs are significant and may put a dent in your savings.

COURSE FEE

COURSE FEE

The price of your education will rise if you decide to take on additional electives, technical programs, medical workshops, etc. While education loans cover the cost of tuition in full, you will be responsible for these added expenses. Therefore, a loan top-up is really useful here.

LIVING EXPENSES

LIVING EXPENSES

You'll agree that it's impossible to overlook the cost of living in a new country. From monthly rent, groceries, and transpiration to phone bills, internet, and clothes, the spending does not seem to end. It is important that you arrange your finances smartly.

COURSE MATERIAL

COURSE MATERIAL

You could require a computer, medical publications, and overpriced textbooks at some point during your education. There's no telling when these expenses will pop up, and they're rarely budgeted for. Consider a balance transfer with us and get a top-up on your loan.

EMERGENCY FUND

EMERGENCY FUND

It is impossible to predict an unfortunate emergency. Having some money set aside is always helpful, whether for emergencies like being sick or having an accident or returning home urgently to take care of family business.

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Frequently asked questions

What is a home loan balance transfer?

When you transfer an existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this facility allows you to get low interest rates starting at 8.80%* p.a. more convenient terms and a sizeable top-up loan of Rs. 1 crore* or higher for other financial needs.

What does a top-up loan mean?

A home loan top-up is additional financing available when you transfer your home loan to Bajaj Finserv. Refinance your current home loan with us and avail of a top-up loan of Rs. 1 crore* or higher.

The top-up loan has no end-use limitations, which means you can use the amount for anything, from the home renovation or interiors or weddings to even paying for emergency medical bills.

When can I apply for a home loan balance transfer?

You can apply for a home loan balance transfer after paying off 6 monthly instalments to your current lender. When applying, you must not have outstanding dues on your present loan.

What is the maximum loan amount that can be transferred?

There is no limit on the balance transfer amount with the home loan balance transfer facility. The loan amount sanctioned is based on your income profile, CIBIL Score, and the value of your home.

How long does it take to change the home loan lender?

Typically, switching to a lender through a home loan balance transfer takes 5 to 10 days. This duration is also affected by how fast you receive the foreclosure letter and other documents from your current lender.

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