With Bajaj Finance’s Home Loan Balance Transfer facility, you can reduce some of the interest burden from your shoulders. Additionally, you can even avail several exciting benefits if you avail their services through Finserv MARKETS, such as the likes of flexible loan repayment options, extensive loan repayment tenures and competitive interest rates, amongst many others. At Finserv MARKETS, we pride ourselves on providing quality assistance to those who use the portal and avail the services of any of our partnering financial institutions and ours as well.
But, before we delve deeper into what Bajaj Finance’s Home Loan Balance Transfer facility can offer you, it would be prudent to take a closer look at the very concept of the Home Loan Balance Transfer facility. You will find an overview of what exactly a Home Loan Balance Transfer facility is below. In addition to the same, you will also learn how making use of Bajaj Finance’s Home Loan Balance Transfer facility can be a lucrative endeavour. Read on to know more.
As suggested by the name itself, a Home Loan Balance Transfer Facility basically enables a borrower to transfer their current loan obligations from one lender to another. Typically, a borrower home opts for a Home Loan Balance Transfer facility when some other lender is offering a better rate of interest to them on the very same loan he/she is currently honoring the terms of with their bank.
Additionally, sometimes documents detailing the Home Loan repayment terms also state that the lending institution will levy a penalty charge upon the borrower should they choose to pay off their entire loan amount ahead of the completion of the repayment tenure. Some other lending institutions, on the other hand, tend to not charge a single penny as any form of a penalty. The same can also be a driving factor for many to have their home loan repayment obligations transferred to a financial institution other than the ones they are currently honoring it with.
Now that your memory of what a Home Loan Balance Transfer facility is has been refreshed, let us take a look at some of the benefits of a Home Loan taken through Bajaj Finance, the services of which will be available to the borrower once they make use of Bajaj Finance’s Home Loan Balance Transfer facility. What you will find below are the current interest rates at which Bajaj Finance is providing Home Loans in order to give you a sense of the kind of interest rates you could open doors to once you make use of Bajaj Finance’s Home Loan Balance Transfer facility. That would be only one of the reasons to consider Bajaj Finance’s Home Loan Balance Transfer facility. Read on to know more.
You can unlock interest rates within the range of as low as 6.75% to 15% p.a. as a borrower of a Bajaj Housing Finance Home Loan. As far as the processing fees are concerned, you will only be charged a total of 0.35 percent, which effectively makes a Bajaj Finance Home Loan one of the more sensible options to go for to boot. The interest rate will, however, depend upon whether you are a salaried individual or someone who has created an opportunity of employment for themselves. Typically, a borrower gets an interest rate which stays within the range of 8-12% p.a. However, your final interest will depend upon your individual case and current loan honoring terms.
What you will find below is a list of benefits that a borrower will be able to make use of after they have made the transition with the assistance of Bajaj’s Home Loan Balance Transfer facility. These benefits could be yours if you choose to make the transition. Read on to know more.
Top-Up Options:- You can always opt for a top-up on your ongoing Home Loan with Bajaj Finance at nearly-uncontested interest rates.
Complimentary Value - Added Services - In addition to providing a report that helps you keep track of your financial health, you will also be entitled to a complimentary health card that comes with a myriad of offers and benefits.
Flexible Repayment Tenure:- Borrowers of a Bajaj Finance Home Loan can repay their dues over the course of up to 360 months. Your final loan repayment tenure will, however, depend upon your net outstanding dues.
If you want to learn more about Bajaj Finance’s Home Loan Balance Transfer EMI facility, you can do so on Finserv MARKETS.