Personal Loan Balance Transfer

A personal loan balance transfer facility allows a borrower to transfer his outstanding loan amount to another lender for a lower interest rate & hence reducing EMI. So you must consider balance transfer when your outstanding loan amount is higher, and the current lender is charging higher interest rates than the market.

Existing Loan

  • 1L
  • 20L
  • 40L
  • 60L
  • 80L
  • 1 Cr
  • 1
  • 3
  • 6
  • 9
  • 12
  • 15
  • 18
  • 21
  • 24
  • 27
  • 30
  • 9.5
  • 11.5
  • 13.5
  • 15.5
  • 17.5
  • 19.55

New Loan

  • 1
  • 3
  • 6
  • 9
  • 12
  • 15
  • 18
  • 21
  • 24
  • 27
  • 30
  • 9.5
  • 11.5
  • 13.5
  • 15.5
  • 17.5
  • 19.55

Total Saving in Cash Outflow

Existing EMI

Proposed EMI

Saving in EMI

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