Transferring money from one bank account to other is known as Balance Transfer and it helps in reducing the EMIs by switching to a low personal loan and adds top up loan from the new bank.
Benefits of Balance Transfer:
- Reduction of EMI outgo by 5 – 8% by transferring personal loan
- Lowest interest on personal loan balance transfer starting @ 11.25%
- Customer can avail top up loan to pay down high cost credit card dues or meet any other personal expenses such as travel, vacation, medical, marriage or even purchasing a car
- Customers can get quick personal loans of up to 5 years with minimal documentation and without any guarantor.