Balance Transfer as the name suggests is transferring your existing loan from one institution to another.
We keep you informed on the rate you are paying and the best rate available in the market. This is to ensure that our borrower isn’t paying at extra interest.
Why does a borrower transfer the loan?
Better rate of Interest : This is the primary reason for a borrower to opt for a balance transfer of its existing loan. With ‘NIL’ foreclosure charges on home loans it is economically viable for a borrower to transfer the loan with little effort of completing the documentation.
Top-up Loan: Second biggest reason for a balance transfer is a requirement of additional funds over and above the existing loan. With few banks offering Top-up loans at home loan rates, it becomes an attractive option.
visit here : finmaninc.in/