May 21, 2024 13:24 (IST)
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Home Loan Balance Transfer: Unlocking the Path to Savings

In the realm of managing home loan finances, a balance transfer facility emerges as a strategic tool for homeowners seeking to optimize their finances. Through home loan refinancing, you can transfer your outstanding loan amount from the existing lender to a new lender, typically to avail of a lower home loan interest rate. 

5 Things to Consider before Opting for a Home Loan Balance Transfer

A home loan balance transfer becomes necessary when you are unsatisfied with the home loan interest rate your current lender offers. It is also a smart alternative if you require a top-up loan as well.