Paying too much interest on your home loan? A balance transfer moves your loan to a lender offering a lower rate — cutting total interest over the remaining tenure. Need extra funds? A top-up adds amount on your existing home loan without starting from scratch.

★ When balance transfer makes sense
1. Switch when interest savings clearly exceed processing fees, legal charges, and transfer penalties.
2. We compare outstanding principal, remaining tenure, and CIBIL before recommending a move.
3. A lower rate on a large outstanding can save lakhs over the loan life — we run the numbers for you.

★ Top-up on your existing home loan
1. Extra funds for renovation, business, education, or other approved purposes.
2. Many lenders offer top-up after 12 months of regular EMIs — subject to fresh valuation and income check.
3. Continues under your home loan structure instead of taking a separate expensive unsecured loan.

★ What the process involves
1. Foreclosure letter from your current bank and fresh login with the new lender.
2. Document checklist, legal verification, and disbursement to close the old loan and start the new one.
3. Timelines vary — we track each step so you know exactly where the file stands.

★ Why use Prarvi for transfer or top-up
1. Side-by-side comparison across banks and NBFCs — rate, fees, and net benefit in one view.
2. We handle lender coordination so you avoid multiple branch visits and conflicting advice.
3. Free consultation — you decide only when the savings and terms genuinely work for you.

★ KYC Documents
1. PAN card
2. Aadhaar card
3. Passport-size photographs (3 copies)

★ Income — Salaried
1. Salary slips — last 6 months
2. Form 16 — last 2 years
3. Bank statements — last 12 months (salary account)
4. Company ID card
5. Appointment / offer letter

★ Income — Self-employed / Business
1. IT returns — last 3 years
2. Balance sheet, computation & P&L — last 3 years
3. Bank statements — last 12 months (current & savings)
4. Business proof — Gumasta / Udhyog Aadhaar / GST certificate
5. Business address proof — light bill or rent agreement

★ Current Home Loan Documents
1. Outstanding / foreclosure letter from existing bank
2. Repayment track record — last 12 months
3. Sanction letter & loan account statement
4. Property papers (as required by new lender)

★ Address Proof
1. Latest electricity bill
2. Rent agreement (if rented)

★ For Salaried Individuals (Normal Profile)
1. Indian citizenship is a must.
2. Age should be between 21 to 55 years.
3. Employment with Limited, Pvt. Ltd, Government, LLP, MNC, and certain other companies.
4. Minimum 6 months with the current company and 3 years overall (exceptions for Cat A companies).
5. Salary account required with ECS/NEFT salary credits.
6. Deductions like PF, PT, TDS from salary are needed.
7. CIBIL score of 700 or above.

★ For Salaried Individuals (Affordable Profile)
1. Indian citizenship is a must.
2. Age should be between 21 to 55 years.
3. Employment with Limited, Pvt. Ltd, Government, LLP, MNC, and certain other companies.
4. Minimum 6 months with the current company and 3 years overall (exceptions for Cat A companies).
5. ECS, NEFT, IMPS, or Bank Transfer salary credits, including cash salary.
6. Minimum salary of Rs. 15,000/- (Rs. 25,000/- for cash salary).
7. CIBIL score of 600 or above.

★ For Self-Employed Individuals (Prime Profile)
1. Minimum 4-year-old business (complete 3 financial years).
2. Minimum turnover of more than Rs. 5 lakhs.
3. Various business categories accepted.
4. Loan amount calculation follows the DSTR calculator.
5. 1-year-old current account required.
6. Loan amount based on average IT Return of last two years.
7. CIBIL score of 700 or above.

★ For Self-Employed Individuals (Affordable Profile)
1. Minimum 3-year-old business (complete 2 financial years).
2. Minimum turnover of more than Rs. 5 lakhs.
3. Multiple business categories accepted.
4. 1-year-old current or savings account required.
5. Average IT Return determines loan amount.
6. CIBIL score of 600 or above.

✔ Self-Attestation Required: Please ensure that all necessary documents are self-attested by each individual separately.
✔ Hardcopy Submission: Kindly submit all your documents in hardcopy format together.
✔ Softcopy via Email: Additionally, please email us all the softcopies of the documents in PDF format to contact@prarviconsultancy.com

1. Multiple Quotes, Best Choice: Seek quotes from diverse vendors and banks. Analyze thoroughly to make the optimum selection.
2. Listen to All Voices: Pay attention to every vendor's perspective. Unique insights can unlock valuable knowledge.
3. Transparency Pays Off: Share your full financial background. Honesty aids in finding tailored solutions.
4. Credit Story Matters: Discuss your credit history with vendors. This ensures accurate results and minimizes rejections.
5. Politeness Prevails: Maintain a respectful attitude. A positive relationship is a long-term asset.
6. Prepare Ahead: Arrange all documents and security cheques before applying. This proactive approach saves time.
7. Stay Connected: Stay updated on your application's status by keeping in touch with vendors.
8. Track Application Progress: Use the application number on the bank's website to stay informed about your loan journey.
9. Cost Clarity: Understand all expenses related to your home loan upfront.
10. Mortgage Insight: Determine whether registering a mortgage is mandatory. Opting for non-registration can reduce costs.
11. Insurance Consideration: Check if Loan Protector, property, and life insurance are obligatory. Awareness of insurance policies is essential.
12. Project Partnerships: Opt for banks or NBFCs with pre-approved projects. This eliminates property-related complications.