benefits of balance transfer
TRANSCRIPT
Benefits
BALANCETRANSFER
of
Hi, Jack!
Hello, Tom!
New House!
Yes
Have you taken a home loan to purchase it?
Yes
What rate of interest have you been charged?
9.95%
Oh! That’s pretty high
I know
Don’t worry
Price of the house has also increased and I have to pay more
amount to the builder.I have no clue how will I arrange
the extra amount
Why don’t you transfer your loan
balance?
I am also not satisfied with the terms and
conditions and facilities offered by the bank
Yes! Go for a balance transfer to some
other lender
BALANCE TRANSFER?
No issues! You can always make a loan
transfer after certain period
But, I have recently taken a loan
It will solve all your problems
How will it help?
You can avail lower home loan interest rates
It will also reduce your EMI
You can even reduce your
tenure
You will have to pay less interest
You will be able to save more
You can also get customized
repayment options
You can apply for a higher amount of loan or take a top up loan
for extra money
Okay! That’s great
Can you help me to choose a new lender?
Sure!
What all to notice while choosing a new lender?
Check the facilities they provide and
read all terms and conditions carefully
A lender must have fast approval of
loans
Pre-payment facility
Nil foreclosure charges
No hidden charges
Online account accessibility
Customized insurance schemes
EMI free months
You should try an NBFC
But, where will I get such lender?
You will get all these facilities in an NBFC
for sure
You are welcome!
Thanks Friend!