Is this the right time to transfer your home loan mymoneykarma - PowerPoint PPT Presentation

About This Presentation
Title:

Is this the right time to transfer your home loan mymoneykarma

Description:

If you are thinking of transferring your home loan to reduce interest rates, do check all the facts before going ahead. – PowerPoint PPT presentation

Number of Views:18
Slides: 8
Provided by: mymoneykarma
Category: Other

less

Transcript and Presenter's Notes

Title: Is this the right time to transfer your home loan mymoneykarma


1
Is this the right time to transfer your home loan
2
Intro
  • Getting a home loan is very easy right now but
    what if you want to switch your loan from one
    bank to other? How will you know that it is the
    right move to transfer my balance to other bank
    or home loan balance transfer.
  • Here are few listed factors that tells you
    regarding home loan balance transfer

3
Are you enjoying lowest interest rates on home
loan
  • Pay a conversion fee, You might be wondering what
    is conversion fee right it is the initial fee
    that banks NBFC charge you for your home loan
    balance transfer.
  • The MCLR will help you with that shift to MCLR
    and enjoy lowest interest rates.

4
Second point
  1. Processing Fee
  2. Administrative expenditure
  3. Prepayment Penalty
  4. Legal charges
  5. Stamp duty
  • Here are few charges that you need to consider
    while doing home loan balance transfer

5
What is the good time to shift your home loan?
Early in your home loan tenure Really a great
move because you will save a lot of money on long
run. When your loan is almost up You will
reduce your benefits, when you do a home loan
balance transfer which is about to end.
6
  • Check your eligibility for home loan balance
    transfer now online

7
Thanks!
  • Contact us
  • mymoneykarma
  • IIIT-H Campus, Gachibowli, Hyderabad, Telangana
    500032
  • askus_at_mymoneykarma.com
  • https//www.mymoneykarma.com
Write a Comment
User Comments (0)
About PowerShow.com