Market rates are constantly varying, and lenders are continuously upgrading their services, it is entirely possible for even the most experienced investors and buyers to fall for a bad or unprofitable deal. Fortunately, you do not have to keep suffering from bad service or high interest rates once you’ve realized that there are better offers from top companies customized for you. You can approach NBFC like Bajaj Finserv and apply for a Home Loan Balance Transfer to avail the benefits of an ideal loan.
How does a Home Loan Balance Transfer or Refinance help?
A home loan balance transfer involves the process of transferring an existing home loan. Usually, customers do this if the new lender has a lower rate of interest and other benefits like better services, a better mode of repayment, etc.
However, it is advisable to remember that in order to do a balance transfer, the total unpaid principal amount of loan has to be transferred. The lender that sanctioned the loan in the first place is provided the total unpaid amount, after which you’ll pay your EMIs at the new interest rate to the new lender where you transferred the loan. This process entails a few charges, but on the whole, if you’ve managed to pay your EMIs on time, you can easily avail a home loan balance transfer.
Here are a few features of Bajaj Finserv’s Home Loan Balance Transfer that help you manage your finances better:
- Home Loan+
This is a special offering to customers who are buying ready to occupy property. Not only does Bajaj Finserv fund your dream home, the company also understands that you need to spend on fixtures and fittings to make the new place yours. As a part of the overall package, Bajaj Finserv offers you an additional amount for Furnishings & Fixtures (subject to eligibility) exclusively for this purpose, making it the best home loan available on the market.
With the Home Loan+ Facility, you do not have to worry about applying for a separate Personal Loan or a Home Improvement Loan either. Spend the time on making your house, rather than on documents.
- 3 EMI holiday
Bajaj Finserv focuses on the ease of repayment through multiple flexible options that make it easier for you to repay your loan. A 3-month EMI grace period will help manage or plan monthly expenses and give you a cushion to plan your finances when you go for a balance transfer. To know more, click here.
- Top Up Loans up to Rs.50 lakh
You can easily avail a Top Up Loan from Bajaj Finserv if you have opted for a home loan balance transfer. This handy loan gives you the freedom to spend wherever required—from home décor and improvement to wedding or holiday expenses, through a very simple process.
- Property Dossier
Property Dossier is another industry first value-added service offered to mortgage customers of Bajaj Finserv. It is a customized report that guides the customer through all the legal and technical aspects of owning a property in a clear and crisp manner. It also covers general property knowledge tips as well as all macro factors like property index of the city, important property tips etc.
- Minimum documentation, zero additional charges, and doorstep service
A Home Loan Balance Transfer with Bajaj Finserv has been designed to provide maximum comfort to customers. In addition to asking for only basic documentation, Bajaj Finserv also offers customized insurance schemes, zero foreclosure and part prepayment charges, and a convenient personal service to pick up any documents directly from your home.
Lower your next Home Loan EMI significantly and save big with attractive interest rates on home loan transfer through a Home Loan Balance Transfer by Bajaj Finserv.