Factors to consider before opting for a home loan balance transfer2 min read 02 Sep 2021, 01:19 AM IST
Opting for a home loan balance transfer during the later stages of the loan tenure would not be of much use. Home loan borrowers pay most of their interest component during the earlier stages of the loan tenure, thereby leaving little scope for making interest cost savings through loan transfers during the later stages
The ongoing low-interest rate regime has led many banks and housing finance companies to offer home loan interest rates starting as low as 6.65% per annum.
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