741 ViewsTransferring the balance of your home loan is also called refinancing. In this method, the outstanding amount of your existing home loan is transferred to a new loan account. If the outstanding amount is substantial but you are having difficulty repaying it due to reasons like high interest rates, limited repayment options and short tenure. If you are not satisfied with the services of the current lender, you can choose a new lender for the balance transfer. This facility is available for not just home loans but also loans…
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