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What is Home Loan Balance Transfer?

Learn about Home Loan Balance Transfer here - https://www.bajajfinserv.in/home-loan-balance-transfer

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What is Home Loan Balance Transfer?

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  1. What is Home Loan Balance Transfer?

  2. What is Home Loan Balance Transfer? Balance transfer of a home loan happens when the entire unpaid principal loan amount is transferred to some another lender or financial institution for a lower rate of interest. What are the benefits of housing loan transfer? • Get home loan transfer service at a lower interest rate of 8.55%*. • Get an additional top-up loan of up to Rs. 50 Lakh on transferring your existing home loan.

  3. Key Features of Home Loan Transfer When you opt for balance transfer service from reputed lenders such as Bajaj Finserv, you get these benefits - Foreclosure facility Part-prepayment facility Manage your account online Customised insurance schemes

  4. Eligibility Criteria for Home Loan Transfer These are the eligibility criteria for home loan transfer facility- • Your property/house must be ready to occupy or already occupied. • You must have paid more paid more than 12 loan equated monthly installments (EMIs). • You should not have any outstanding dues on your existing housing loan.

  5. FAQ about Home Loan Transfer • Is refinancing home a beneficial idea? Yes, it is beneficial. Refinancing your current home loan helps you to get low rate of interest on home loan that your current lender does not offer. • Does refinancing hurt your credit score? No. Refinancing your home loan will not lower your credit score. • Do you require a guarantor for home loan transfer? No. There is no mandatory requirement of a guarantor.

  6. THANKS! ANY QUESTIONS? Get in touch with Bajaj Finserv at - 1800-103-3535

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