Home Loans - Balance Transfer
Our balance transfer advantage helps you to easily transfer an existing loan from another financial institution or bank to us at attractive rates. What's more? We even top it up you by providing a higher loan amount over and above your existing loan.
One does not have to be a finance genius to figure this one out. Most rational people will refinance their more expensive home loan to something cheaper as long as it makes economic sense to do so. But often, there might be some non-obvious costs that might make it expensive to refinance. In today’s falling interest rate scenario, it makes sense to go through some of the basics of refinancing or balance transfer, as it is commonly known within the industry.
When you do a balance transfer, you are transferring your outstanding home loan balance from one lender to another. Under this, the new lender gives your old lender the money outstanding on your loan. Your liability and obligation towards repaying the outstanding amount is now towards the new lender.
The two most common reasons for a balance transfer are to lower your interest payments to the lender or to change the terms of your loan so as to extend its tenure. You can use refinancing as an opportunity to get a top-up loan equivalent to the amount already repaid and on the increased value of your home.
No matter what the requirement, we have an appropriate plan for you, though most of our home loan plans are for salaried/self-employed Resident Indians or NRIs. Get the best deals ever, and finance the perfect home, only from LoanKaWala.
With our varied offering of house loans and home finance, LoanKaWala Home Loans gives you an opportunity to select the perfect home loan as per your needs of a dream home.
Documentation
Some documents are specific to each state. For further information, please contact our Hyderabad LoanKaWala office.
All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the HFC. Service Tax on All Service Charges extra wherever applicable.
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