Category: home loan balance transfer

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Streamlining Home Loan Balance Transfers: A Step-by-Step Process

A few years ago, the Reserve Bank of India came up with a new mandate: home loan borrowers on floating interest rates can now foreclose their loan at any point during their home loan tenor without paying any penalty. This has made it possible for home loan borrowers to transfer the remaining balance on their home loan to another lender if they find a lender … Continue reading Streamlining Home Loan Balance Transfers: A Step-by-Step Process

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home loan balance transfer

Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

Home loan balance transfer refers to a facility through which the existing balance of a home loan can be transferred to another lender offering a lower interest rate. This can effectively reduce the overall monthly repayments and total payable interest. However, it is not so simple. There are several things to consider before the borrower chooses a loan transfer. This article aims to shed light … Continue reading Should you Choose a Home Loan Balance Transfer to Maximise your Savings?

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home loan balance transfer

Procedure and Documentation Requirements for Home Loan Transfer

If you’re seeking ways to reduce the interest rates on your home loan and enhance the terms of your loan, considering a transfer to a different lender can be a beneficial choice. By transferring your loan, you may have the opportunity to secure lower interest rates, more favorable repayment conditions, or even access to additional features. However, it’s important to be aware that this process … Continue reading Procedure and Documentation Requirements for Home Loan Transfer

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home loan balance transfer

Points to Consider Before Transferring a Home Loan Balance

Home loan balance transfer refers to the process of transferring one’s home loan from one lender to another offering better loan terms and conditions, such as a lower interest rate, longer repayment tenor, better service, etc. You should go for home loan balance transfer as it is a useful facility, one must keep in mind certain things before opting for this facility. In this article, … Continue reading Points to Consider Before Transferring a Home Loan Balance

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