Home Loan Balance Transfer
A home loan balance transfer is a way to transfer your outstanding home loan balance from one financial institution to another at a lower interest rate or to obtain a higher loan tenure.
- Some benefits of a home loan balance transfer include
- Reduced interest rates
- Better cash flow
- Improved loan terms
To apply for a home loan balance transfer, you can follow these steps
- Research and compare loan options
- Assess your eligibility
- Fill out the application form
- Await loan approval and negotiate terms
- Close the existing loan and transfer funds
- Loan application form
