Save Money With A Home Loan Balance Transfer!
Many people don’t know that banks don’t increase Home Loan EMIs but they increase the tenure of the home loan when the floating interest rate increases. If you are paying 11-12% interest rate on your home loan then we can help you save a lot of money.
Fill The Form On The Right To Get The Best Rate For Your Home Loan Balance Transfer.
Pre-payment of your home loan does not have any penalty and switching your home loan balance to a new bank has never been easier!
Balance Transfer for Home Loans and Personal Loans is a product, offering the customer a choice to transfer the outstanding balance of the home loan availed for better terms & conditions, EMIs and possibly well sized savings that could be better invested elsewhere.
Many customers look at Home Loan Balance Transfers as making their loans more efficient. In some cases, the nature of Floating Interest Rates leaves customers with longer tenures, higher EMIs and so on. Many customers find their solution in Home Loan Balance Transfers which help to move from higher rate of interest to lower rate of interest or increase in loan components as Top ups.
Personal Loan Balance Transfer
High value personal loans, loan against property, and multiple loans from different banks and credit cards can be consolidated into one high value loan using Personal Loan Balance Transfers. Due to floating interest rates being the norm for high value loans, customers may still retain their original EMIs but might end up with a much longer loan tenure. This is an undesirable situation for a loan taker, but a position that many find themselves in.
A personal loan balance transfer can help customers better manage their various loan products, possibly with a more competitive interest rate.
Top Up Your Home Loan & Personal Loan
Customers can apply for a Top-Up on their Home Loans & Personal Loans using the Balance Transfer facility as and when they need to meet their personal requirements (other than for speculative purposes) or to possibly consolidate two loans from separate banks to a single larger loan from a different banking provider, with a more competitive interest rate. Customers can benefit from some additional funds against the security of property. Customers opt for top up loans for many reasons, some of which are mentioned below
- Furnish your home
- Buy consumer durables
- Child’s education expenses
- Daughter ‘s marriage
- Family holiday
- Buy a new vehicle
- Consolidate two active loans under a single provider
Eligibility For Balance Transfer
Home Loan balance transfers and personal loan balance transfers have stringent eligibility requirements that one is typically familiar with while taking a home loan or a personal loan. Click to know about the eligibility requirements for Home Loan Balance Transfers
Documentation for Balance Transfer
Just like the documentation requirements for Home Loans and personal loans, applicants will need to provide a set of documents to approv the home loan balance transfer. Click to know more details on Home Loan Balance Transfer Document Requirements
More Information on Balance Transfer
Home Loan & Personal Loan Balance Transfers are primarily used for High value loans, where rising tenures and expensive EMIs become too troublesome, due to flux in market conditions. A Home Loan Balance Transfer can go a long way in helping sustain a long tenure home loan or loan against property and also gives one the option of working with competing banks for better rates.
HamaraBank Loans is a product of HamaraBank Sales & Distribution, and works with over 35 preferred banks. A list of banks HamaraBank works with are Axis Bank, Bajaj Finserve, Cholamandalam, Citibank, DCB, Deutsche Bank, DHFL, ECL Finance, EDELWEISS, First Blue, Fulletron, Capital First, HDB Financial Services, HDFC BANK LTD, HDFC LTD, HSBC, ICICI Bank Ltd, IndiaBulls Financial Services Pvt Ltd, Indiainfoline, Indusind Bank, ING Vysa Bank Ltd, Investment financial Services Pvt Ltd, Karvy Financial Services Pvt Ltd, Kotak Mahindra Bank Ltd, Magma Finance, Money line, Punjab and National Bank, Reliance, Religare, Standard Chartered Bank, Shriram City, Tata Capital, Electronica Finance Limited, Money Matters Finance Ltd to name a few.
HamaraBank.com offers home loan and general purpose loan balance transfers from a variety of banks that it has worked with for over 20 years! We give you the most competitive rates and special offers that you will never find elsewhere.