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… Continue reading Streamlining Home Loan Balance Transfers: A Step-by-Step Process
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… Continue reading Should you Choose a Home Loan Balance Transfer to Maximise your Savings?
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… Continue reading Procedure and Documentation Requirements for Home Loan Transfer
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