Flat No.302, Somu Naidu Enclave, 3rd Lane, Dwaraka nagar, Visakhapatnam.
  • info@calicofinser.com
  • +91 9866789210, +91 8121889588

Office Address

  • Flat No.302,
    Somu Naidu Enclave,
    3rd Lane, Dwaraka nagar,
    Visakahapatnam-530016.
  • info@calicofinser.com
  • +91 9866789210, +91 8121889588
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BALANCE TRANSFER LOAN

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BALANCE TRANSFER LOAN

What is Balance Transfer Loan? Balance Transfer of Loan - is transferring an existing outstanding loan amount from one financer to another. The loan to be transferred can be a Personal Loan, Home Loan or Mortgage loan.

Why is Loan Balance Transfer done?

There are various reasons to transfer a loan.
  • To shift to a bank providing lesser rate of interest to save on the interest paid .
  • For getting a top-up on the existing loan amount.

Who is Eligible for Balance Transfer Loan?

A person with a existing loan with a clear track record & with a stable monthly income is eligible for Balance Transfer Loan
  • Salaried person.
  • Business Person with stable income and business.
  • A partnership or a Pvt. Ltd. company.
  • Professionals with stable income and business.