Things to check before applying for Home Loan Balance Transfer
                     Things to check before applying for Home 
Loan Balance Transfer
The Basics of Home Loan Balance 
Transfer
• There is no limit to the home loan 
amount, and it depends upon your 
eligibility criteria. Since a home loan 
has such a long tenure, you may 
consider a home loan balance transfer 
process where you can get better rates 
and terms. If you feel the burden is 
getting high and you are not able to 
manage expenses, you can balance 
transfer. However, when you 
transfer your home loan, you must 
take care of some important factors 
with your new loan provider. 
Common Reasons for Home Loan 
Application Rejection
• A home loan balance transfer is when 
you transfer the existing amount of a 
loan to a new loan with a different loan 
provider and new terms and 
conditions. It is actually similar to 
having a new home loan with new 
rates, tenure, and terms. This is done 
by homeowners who find it difficult to 
pay a higher EMI amount or who need 
some additional source of funds to 
meet some needs.
Factors to consider before balance transfer
• There are a few things that should be 
considered before you shift from one 
loan provider to another. The rate of 
interest should be lower than what you 
were getting with your existing loan 
provider. There are a lot of things that 
you need to check before you transfer 
a home loan. 
Rate of interest
• When you balance transfer your 
home loan, you must check the 
rate of interest. The rate of 
interest should be lower than 
what you are paying for your 
existing loan. When you transfer 
the balance to a low rate of 
interest, the EMI will be low and 
the overall total cost of the loan 
will be low. Never settle for a high 
rate of interest because it does not 
make sense to balance transfer at 
a high rate. For Business Loan 
click here 
business loan apply online.
 Issues with the Chosen Property
• A new fund: A loan balance 
transfer is usually done when you 
need an extra source of funds. 
When you transfer the balance to 
a new loan, you can also borrow 
an extra amount of money if you 
need it. 
Submitting Incomplete Documentation
• Better tenure: Before you balance 
transfer, you must make sure 
about the tenure that you will 
change. If you feel your EMI 
amount was high, then change the 
tenure to lower your EMI. Read 
Finishing up
Loan Application Rejection History
• You should transfer your home 
loan only for a better and more 
competitive rate of interest. When 
you get better terms and a longer 
tenure, it makes sense to transfer 
the loan. 
Clix Capital Services Private Limited
 Address: 4th Floor, Kailash Building, Kasturba Gandhi Marg, Connaught Place, New 
Delhi-110001
 Call us: 1800 200 9898
 Email us: [email protected]
 Website: www.clix.capital