Personal Loan Balance Transfer Overview

What is Home Loan Balance Transfer?

Home Loan Balance Transfer lets you transfer your outstanding Housing finance Delhi from other loan institutions to another bank at a Low Interest Home Loan in Delhi, which helps in reducing your EMIs. Home loan balance transfer or refinancing or simple balance transfer is the process by which you can take advantage of Low Interest Home Loan offered by other banks on an existing home loan. A balance transfer provides the borrower the benefit of lowest interest rate home loan in Delhi.

When you are switching to a new lender, A borrower can renegotiate the home loan terms and ask for a longer term. Doing this will reduce the monthly EMI. Best Home Loan balance transfer also allows you to borrow more money. If a borrower has a good repayment track record on an existing home loan, a new lender will not only offer the borrower a Low Interest Home Loan, but may also offer a higher mortgage loan amount as part of the balance transfer process.

EMI Calculator & Schedule

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Loan EMI

24,959

Total Interest Payable

34,90,279

Total Payment
(Principal + Interest)

59,90,279

Loan Eligibility Calculator

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Personal Loan Balance Transfer Comparison Chart

LenderInterest RateProcessing FeeEMI / LakhLoan Tenure
8.90 %1%1,60412 to 84Months
9.45 %1.00% (Min Rs 1,000)Rs 3,2016 to 36 Months
9.50 %1.00%Rs 2,10012 to 60 Months
10.00 %1%166012 to 84 month
10.49 %up to 3.5% loan amount2,1496 months to 60 Months
10.49 %up to 2% of loan amount +GSTRs 2,41912 to 60 Months
10.49 %3%of loan amountRs 2,14912 to 60 Months
10.50 %4999Rs 2,14912-60 months
10.50 %2.50% of loan amount +GST1,54412 to 72 Months
10.75 %1.5% Rs 21646 month to 60 Months
10.80 %1.50%Rs 2,16412 to 60 Months
10.90 %2% 1,70712 to 84 month
10.99 %Up to 3.5%Rs 1,90312 to 72 Months
10.99 %up to 3%Rs 2,17412 to 48 Months
10.99 %Up to 2.5%1,90312 to 72 Months
11.00 %NILRs 18786 to 72 Months
11.00 %1.50% to 3.93% of loan amountRs 1,57112 to 96 Months
11.25 %1%Rs 1,72512 to 84 Months
11.49 %1.00%Rs 2,19912 to 60 Months
11.50 %0.40% of loan amountRs 2,19912 to 60 Months
11.80 %0.50% Rs 2,21412 to 60 Months

RELATED BLOGS (16)

News Update on Personal Loan Balance Transfer

Special HDFC Bank Offer for Government Employees

Admin 2022-07-30 18:53:25

HDFC Bank has launched a special Freedom Dhamaka Offer for personal loans for government employees. The personal loan rates start at 10.25% and are valid till 15th August 2021.

Google Updates Policy for Personal loan Apps

Admin 2022-07-30 18:53:37

Google has asked all the personal loan lending apps in India to provide a declaration form stating that the application serves as a middle-man for registered non-banking financial companies (NBFCs) or banks.

The apps must comply with these norms and provide relevant documentation such as a license till September 15 if they want to stay listed on the app store.

RBI Revises Personal Loan Limit to Rs. 5 Crore for Board Directors

Admin 2022-07-30 20:11:42

RBI has revised the limit of the personal loan that can be granted to board directors and their families.

The new limit is set at ?5 crore as against the earlier threshold at Rs 25 lakh.

Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank

Admin 2022-07-30 20:11:56

Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021.

Customers have been asked to apply for cheque books with the new MICR code at the earliest.

4 smart ways on how to maintain your CIBIL score effectively

Admin 2022-09-01 12:35:27

The key to being credit-ready is having an excellent CIBIL score and a commendable financial profile. Here, the key is to have the right financial habits. When it comes to your CIBIL score, it isn’t enough to simply build a high score, as it takes effort to maintain it as well. A good score helps your eligibility for new credit, and can fetch you favorable repayment terms that do not strain your finances.

But in order to maintain a good credit score, you need to understand the credit factors that influence your score. These factors include your credit utilization, credit mix, and repayment history. Besides understanding these factors, you should also know the best habits to practice to sustain a high CIBIL score. To get you started, here are 4 simple and smart ways to maintain your CIBIL score. 

Make informed credit decisions

Review your credit report regularly

Use your credit limits strategically

Pay EMIs diligently and without delays

 
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