Mistakes to avoid while taking a loan against property
A LAP or loan against property is a secured loan given against a commercial or residential or property…
Read MoreThe process of transferring an outstanding amount of a home loan from one lender/ financial Institution to a new one is termed as a Home loan balance transfer and this is done to acquire certain benefits. This does not involve any maximum limit to the transferred amount because the home loan balance, in its entirety, gets transferred to the new account.
This is very much helpful when you need extra amount for the completion of the building that you may have miscalculated by any chance. Not just the extra amount that you require, it may also be dissatisfactory experience with the current lender that may push you to opt for the home loan balance transfer option to another more reliable lender.
Now let us take a look at the benefits of this Home Loan Balance Transfer that is being talked about: