Home Loan Balance Transfer

A home loan balance transfer is a strategic and calculate action that enables borrowers to transfer their current home loan balance to a new or other lender, usually in order to obtain a much lower or better  interest rate. This financial relation can ultimately reduce your total interest outgo over the loan tenure, leading to immense savings. You can take advantage of better terms for repayment and better customer service from the new bank if you choose to opt for home loan balance transfer. Always compare processing fees and other charges before finalising your Home Loan Balance Transfer to ensure the move is financially beneficial.