Home Loan involves huge amount of money and this makes the interest rate a matter of concern.Home Loan Balance Transfer is a viable option available to those who are running a loan at a higher rate of interest and wish to have a top up of additional funding
You can balance transfer your home loan in these scenarios:
- If you realize that you are paying a higher interest rate than the prevailing market rate. In such a situation, balance transfer will reduce the interest cost burden.
- If you are unhappy with the service standard of your existing lender
- If you wish to have additional top up of funds.