5 Benefits of transferring your home loan to Bajaj Housing Finance
Know About Home Loan A home loan balance transfer can save from paying high interest in existing loan agreement. When a customer transfers his existing home loan to another bank for a lowest interest rate, is known as home loan balance transfer. A home loan can be opted to buy a new house/flat or a plot of land where you construct the house, and even for renovation, extension, and repairs to an existing house.
Benefits of transferring Home Loan There are following types of benefits:● Tax benefit ● Lower interest rate ● Due diligence of property ● Long repayment tenure
Eligibility Criteria for Home Loan ● Age ● Employment type ● Minimum annual income ● Collateral Security ● Margin Requirements ● Assets, liabilities, stability, and continuity of occupation ● Residency status (Resident Indian/ Non-Resident Indian
Advantage of Home Loan
There are following types of advantage:● Affordable to all ● A cost effective way of availing credit ● Capital growth ● Compulsory way of saving ● Tax benefit
More Info:BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park, 5th Floor B2 Building, Holy Cross Rd, Kalyani Nagar, Pune, Maharashtra 411014 Phone number : +91 8698010101 Email id: bhflwecare@bajajfinserv.in
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