Save Up to 20 Lakhs on Your Loan! 💰💡
Concept of Loan Rebalance / Balance Transfer: It refers to transferring of outstanding Home Loan Balance from one financial institution to another, for a lower Interest Rate. It help you to save huge interest in long run.
Example:
If you take a Loan of Rs. 50 Lakh @ 14% Interest rate for 20 years, you pay ₹99,22,250 as interest.
If you rebalance the Loan of Rs. 50 Lakh @ 12% Interest rate for 20 years, you pay ₹82,13,034 as interest.
To apply for Balance Transfer, you can visit any Bank or NBFC offering loan at lowest rate and consult for the process.
[Save on EMI, Loan interest savings, Improve CIBIL score, Lower loan interest rates, Financial tips, Money-saving hacks, Reduce loan payments, Boost credit score, Loan repayment tips, Financial freedom, Smart money management, EMI reduction, Credit score improvement, Best loan strategies]
#financetips #savemoney #cibilscore #emi #loantips #lowerinterestrates #trading #investing #budgeting #financialplanning #investsmart #wealthmanagement #financegoals #creditscore #savebig #eletion2024 #financialfreedom