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Home Loan Balance Transfer

transfer existing loan to another bank

want to apply for HOME LOAN BALANCE TRANSFER?

Call Now +91 83830 08308

What is Home Loan Balance Transfer

Home Loan Balance Transfer (HLBT) is a process that facilitates the borrowers to shift their existing Home Loan to another bank at a reduced or lower rate of interest. With this, the borrower can pay future EMIs to the new lender at the reduced interest rate.

The process starts with the submission of an application requesting for the foreclosure statement of a home loan with the existing bank. If the bank accepts the application, it will issue a foreclosure letter with current loan details.

Post the foreclosure letter the borrower will file a request for a Home Loan Balance Transfer with the new bank. If the new bank accepts the loan application, all the formalities with the previous bank will be completed and all the new EMIs will be paid to the new bank.

Thus, HLBT is beneficial for the borrowers who have a Home Loan at a higher rate but want to optimize their interest cost.

How We can help you?

SRFINCORP is one of the leading online platforms for financial services that can get you the best HLBT deal with maximum advantages. SRFINCORP is an old market player with more than decade of experience of customer satisfaction. The experienced and skilled team of SRFINCORP analyzes your financial requirements to get you the best loan offer of the market. The service-oriented professionals provide you support from the initial stage of loan process to the end stage of loan disbursement into your bank account. The key advantage of using the services of SRFINCORP for obtaining an HLBT is the support the team offers after loan disbursement.

want to apply for HOME LOAN BALANCE TRANSFER?

Call Now +91 83830 08308

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