All you need to know about Home loan balance transfer
Amit Prakash Singh, Principal Partner, Square Capital, penned a piece on home loan balance transfer and things one needs to keep in mind during the process. Financial Express carried the piece.
Here is an excerpt from the same –
“First of all, it is preferable to continue with the current lender until their rate of interest touches a level where the differential amount as compared to the rate offered by the other bank offering balance transfer goes considerably high. A difference of 5-20 basis points (bps) should not be the reason to transfer the home loan.”
Read the full post here