Balance Transfer

 

Balance Transfer of loans (BT Loan)

Balance Transfer of Loan - is transferring an existing outstanding loan amount from one Bank or NBFC to another. The loan to be transferred can be a Personal Loan, Home Loan, Mortgage loan, Plot loan, Business loan.

Advantages of BT loan

  • An Individuals can shift to another bank or NBFC providing lesser rate of interest to save on the interest paid for the current loan amount.
  • Can acquire a top-up loan(additional loan) on the existing loan amount.
  • Documentation

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