Everything to Know About The Benefits of Home Loan Balance Transfer

1
Benefits
of
BALANCE
TRANSFER
2
Hi, Jack!
Hello, Tom!
3
New House!
Yes
4
Have you taken a home loan to purchase it?
Yes
5
What rate of interest have you been charged?
9.95
6
Oh! Thats pretty high
I know
7
Price of the house has also increased and I have
to pay more amount to the builder. I have no clue
how will I arrange the extra amount
Dont worry
8
I am also not satisfied with the terms and
conditions and facilities offered by the bank
Why dont you transfer your loan balance?
9
BALANCE TRANSFER?
Yes! Go for a balance transfer to some other
lender
10
But, I have recently taken a loan
No issues! You can always make a loan transfer
after certain period
11
How will it help?
It will solve all your problems
12
You can avail lower home loan interest rates
13
It will also reduce your EMI
14
You can even reduce your tenure
15
You will have to pay less interest
16
You will be able to save more
17
You can also get customized repayment options
18
You can apply for a higher amount of loan or take
a top up loan for extra money
19
Okay! Thats great
20
Can you help me to choose a new lender?
Sure!
21
What all to notice while choosing a new lender?
Check the facilities they provide and read all
terms and conditions carefully
22
A lender must have fast approval of loans
23
Pre-payment facility
24
Nil foreclosure charges
25
No hidden charges
26
Online account accessibility
27
Loan calculator
28
Customized insurance schemes
29
EMI free months
30
But, where will I get such lender?
You should try an NBFC
31
You will get all these facilities in an NBFC for
sure
32
Thanks Friend!
You are welcome!