Overview
Loan Balance Transfer allows you to transfer your existing high-interest loan (Home Loan, LAP, or Personal Loan) to another bank offering lower interest rates, reducing your EMI burden and overall interest payout.
Features & Specifications
- Significantly lower interest rates.
- Top-up loan facility available.
- Reduce your monthly EMI.
- Switch to a lender with better customer service.
Interest Rate
8.40% - 12.00% p.a.
Processing Fee
0.25% - 0.50% of transferred amount
Eligibility Criteria
- Existing active loan with at least 12 EMIs paid.
- Clean repayment track record (no defaults).
- Stable employment/business income.
Documents Required
- Existing loan foreclosure letter & list of documents.
- Last 12 months loan account statement.
- Standard KYC and income proofs.
Key Benefits of Applying via Loan Sahyog
- Huge savings on interest payouts.
- Get extra cash via top-up loan.
- Flexible repayment tenure reset.