Home Loan Balance Transfer
Home loan balance transfer is a loan type/ option through which you can transfer the remaining balance on your home loan to a new lender that is offering a lower interest rate. Undoubtedly, it is a smart choice to make if you are facing problems keeping up with the EMIs with the current lender. With a home loan balance transfer, you get a chance to save money while being able to get access to a top-up loan facility, extended loan term, and lower interest rate.
So, if you are looking for more value at a lower cost, a home loan balance transfer is your best bet. It not only helps in saving money but is also beneficial for your credit score and credit history. When you transfer your home loan, your outflow comes down as the EMI you pay will be lowered.
Are you facing stress due to an high home loan EMIs? Do you want to find a way to reduce your EMIs? Then home loan balance transfer is the perfect solution for difficult-to-manage interest rates. Go for this option and settle your home loan at a lower interest rate.
How Does a Home Loan Balance Transfer Work?
Transferring your home loan from your existing lender to a new one is quite a hassle-free and simple process. Just click on the Apply Now button and provide a few important details, like your outstanding loan amount, current interest rate, and paid loan amount till date. Depending on your eligibility, income, credit score, and other credentials, we will approve your balance transfer in no time*.
Conditions Under Which You May Consider Home Loan Balance Transfer
- When the new lender offers a lower interest rate
- When you are not happy with your current lender’s customer service
- When you want a top-up home loan at a lower rate of interest
Reasons to Opt for a Home Loan Balance Transfer
You may consider switching your existing home loan to a new lender due to any of the following reasons:
- If you want to reduce your EMIs every month
- If you want to save a big amount of money as interest on your home loan
- If you want to get a top-up loan with the same rate of interest
Features of Clix Capital’s Home Loan Balance Transfer
Ample Amount of Top-Up Loan
When you apply for our home loan balance transfer, you also become eligible to get a top-up home loan at a lower interest rate. You may use the additional amount for funding any purpose related to your home purchase, including furnishing, registry, landscaping, etc.
Our approval process is extremely quick and hassle-free with easy eligibility conditions and minimal documentation requirements.
Competitive Interest Rate
The major reason why borrowers want to transfer their home loans to us is our competitive interest rates. Remember, a difference of only a few percentage points can save a lot of money in the long run. Our lower interest rate will help in reducing your financial burden, thereby allowing you to pay your loan faster and easier.
Better Customer Service
Along with finance, a lender needs to offer the best customer service too to its borrowers. We excel in that by staying accessible through a variety of platforms, including phone, email, chatbot, and social media.
Factors to Consider Before Transferring Your Home Loan Balance
- Evaluate the costs and profits
- Don’t forget about the processing charges and other fees
- Go through the fine print carefully
A home loan should always be taken after due diligence. Hence, compare the interest rate and make your decision wisely. When you get a reduced interest rate on your existing loan, it becomes beneficial for you in many ways. It may allow you to expand your mandate and pay your loan in time without defaulting. Once you pay it off, you enhance your credit score as well.
You can also reach out to us at firstname.lastname@example.org or call us at 1800 200 9898
* T & C Apply