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5 Benefits of Home Loan Balance Transfer with Bajaj Finserv

  • Highlights

  • Take a top-up loan available to you at convenient terms

  • Enjoy a 3 EMI holiday to plan your finances

  • Benefit from nil foreclosure and prepayment charges

  • Get the benefit of customised insurance solutions

Home loans have a long tenor and offer a high principal amount. So, the interest rate of the loan is a matter of great consequence for you as a borrower. Even a slight fluctuation can affect your outflow significantly. If you find that your home loan isn’t offering you’re the best rate of interest, especially when compared with other home loans in the market, you don’t have to stick with the existing loan.A smart alternative is carrying out a home loan transfer to another lender, to benefit from the new loan’s terms.

Carrying out a Home Loan Balance Transfer with Bajaj Finserv offers unique benefits such as a top-up loan, EMI holiday and much more.Take a look at 5 home loan balance transfer benefits that you can get access to when you switch to a Bajaj Finserv Home Loan.

Enjoy Online Account Access:

Transferring your home loan balance to Bajaj Finserv allows you to manage your loan as per your convenience. You can apply for the transfer online and then manage your loan from the comfort of your home or when you are on the go. By signing into the customer portal, you can view all the loan’s details, including statements, due EMIs and outstanding principal amount.

Get a top-up loan to finance other costs:

By transferring your home loan to Bajaj Finserv, you can get access to extra funds in the form of a top-up loan. You can use funds from this loan as per your discretion. You can use to finance home repairs or interior decoration, or for other needs such as paying for your child’s coaching class fees. This loan is available to you at a low rate of interest, without additional documentation and enjoys the same long tenor as your home loan, making repayment easy.

home loan transfer benefits

Make the most of an EMI holiday:

EMIs can take up a significant amount of your monthly budget. To make it easier for you to manage your finances, Bajaj Finserv offers a 3-EMI holiday. This means 3 EMI-free months. You can utilise this time to organise your finances and plan for repayment. It gives you a financial cushion that allows you to revisit your expenditure and plan or manage your cash flow better.

How Home Loan Balance Transfer Helps you Save Money

Set aside prepayment and foreclosure worries:

When you seek a home loan balance transfer from Bajaj Finserv, you can also enjoy excellent part prepayment and foreclosure terms. You don’t have to pay any extra charges when it comes to foreclosure or prepayment. You can make a prepayment post paying the first EMI, as long as its value is greater than or equal to that of 3 EMIs.

Read Also: Everything You Need to Know about Home Loan Balance Transfer

Get customised insurance solutions:

Life can be unpredictable, so it pays to be doubly prepared for all outcomes. One way of doing this is to make use of the customised insurance options that Bajaj Finserv offers along with a Home Loan Balance Transfer. You can choose from options based on your needs and protect your family in case of an untoward incident.
A home loan should be stress-free and affordable, and Bajaj Finserv’s Home Loan Balance Transfer ensures this. By transferring your home loan balance to Bajaj Finserv not only will your EMIs be affordable, you will also be able to make the most of exclusive home loan balance transfer benefits. But, before seeking a transfer, inform your previous lender well in advance. Also, make it a point to collect all documents from your old lender to for a hassle-free transfer. Get started here.

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Everything You Need to Know about Home Loan Balance Transfer