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Benefits of Home loan transfer

When a borrower wants to have a balance transfer his total outstanding amount of the loan will be transferred to a new bank. The new bank will pay the remaining balance to the previous lender hence the previous loan account will be closed. A new loan account will be started with the new lender in most of the cases with a lower interest. Hereafter, the next EMIs will go to the new lender. To Apply for Home loan: https://financebuddha.com/home-loan Blog: http://www.gorelations.com/blogs/2559/25660/benefits-of-home-loan-balance-transfer Facebook :https://www.facebook.com/financebuddha Twitter:https://twitter.com/financebuddha

Benefits of Home loan

Benefits of Home Loan Balance Transfer A home loan balance transfer is an option for the existing home loan borrowers to lower the EMI. A balance transfer also allows a loan borrower to enjoy an interest rate which is lower than his/her previous home loan interest rate. When a borrower wants to have a balance transfer his total outstanding amount of the loan will be transferred to a new bank. The new bank will pay the remaining balance to the previous lender hence the previous loan account will be closed. A new loan account will be started with the new lender in most of the cases with a lower interest. Hereafter, the next EMIs will go to the new lender.

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