Paying off your home loan on a high interest is bound to increase your monthly EMIs. This reduces your financial flexibility and lowers your in-hand income. To make the most of the low home loan interest rates, opt for a switch. Transfer your home loan to a lender like Bajaj Finserv to immediately reduce your financial burden.
Choosing a Home Loan Balance Transfer with Bajaj Finserv helps you gain from the following benefits.
Enjoy a Nominal Rate of Interest
Choosing to refinance your existing home loan with Bajaj Finserv will help you bring down your EMIs, owing to the reduced interest rate. Say you availed a home loan of Rs. 1 crore* or higher at 11% interest for 20 years with your existing lender and have been repaying the same over the last 5 years on an EMI of Rs.51,609 a month. Transferring the loan with Bajaj Finserv will help secure a lower interest, say at 8.85%. This will help you save over Rs.17 lakh over the course of your tenor. You can also calculate the new loan amount you are eligible and your savings by using the simple Home Loan Balance Transfer Calculator
Additional Read: Types of Home Loans
Gain Flexibility of Repayment
Shifting your home loan with Bajaj Finserv will help you simplify repayment in many ways. For one, your EMIs are lower, and additionally you can use a 3 EMI holiday to give yourself a break from repayment manage your finances better. Other than that, you can make part-prepayments to reduce your home loan principal at no charge. This helps you repay your home loan faster and become financially free sooner. Further, you can choose the Flexi Hybrid Home Loan to pay interest-only EMIs for the first few years. Manage your cash flow with more ease during this years and then pay higher EMIs that consist of both the interest and principal repayment. These features making switching your home loan with Bajaj Finserv a win-win.
Unlock additional funds
Your home requires yearly maintenance, renovation, and at times, remodelling too. You will also need funds to take care of other personal needs such as buying a car, paying for your child’s education, etc. While you are already paying off a home loan, you may not be able to get a collateral-free loan, nor want to take on a high-interest loan for these financial requirements. However, refinancing your existing Home Loan with Bajaj Finserv will give you access to additional funds just when you need. You can avail hassle-free high-value low-interest Top Up Loan for up to Rs. 1 crore* or higher without wasting time on too many application formalities.
Make the Most of Seamless Services
Transferring your existing home loan with Bajaj Finserv allows you to refinance conveniently. You do not have to pay any hidden charge for the transfer, neither do you need to pay anything extra as fees for foreclosing your home loan any time during the tenor. The home loan balance transfer application process is simply and easy to do online, and once approved, will help you reduce your EMIs considerably. Also, you can enjoy customised insurance schemes on your loan. Along with flexibility, you also get to access to manage and review your loan account online. This helps you check the details pertaining to your loan 24x7. So, refinance your home loan with Bajaj Finserv to avail all these attractive benefits and get access to more funds on nominal interest to fulfil all your future needs.
Additional Read: Home Loan Without Down Payment
Bajaj Finserv brings you pre-approved offers for personal loans, home loan, business loans and a host of other financial products. Not only does this simplify the process of availing financing, but also helps you save on time. All you have to do is share a few basic details and check out your pre-approved offer.
Need instant financing? Think it. Done with Bajaj Finserv.
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