Home Loan Balance Transfer
Transfer your home loan to us and benefit largelyKotak Home Loan Transfer offers you the same home on better terms to suit your needs.
Key Features
- Transfer your loan to a lower interest rate
- Simple documentation and speedy processing
Features & Benefits
- Home Loan Transfer
- You are trying to reduce your interest rate and lower your payments. You are trying to reduce your home loan term to pay off your loan faster.
- You want to use the equity in your house to get money for any of your needs. You can take a top-up over the existing loan to get the much needed cash to fulfill your needs.
Home Loan Transfer is basically taking a home loan, to pay off existing home loan(s). Future payments are made to Kotak Mahindra Bank. Typically, the choice to transfer is made when interest rates are lower than the original loan. A Top-up over the existing loan can provide you ready cash for any of your needs.
You should go for Kotak Home Loan Transfer if:
Kotak Home Loan Transfer is based on your convenience. The procedure of acquiring the loan is made easy, and the amount payable for your installments are designed to make you feel comfortable.
Quick check
Even a 1.0% reduction in the interest rate can save you more than Rs.1.5 lakh on a loan of 10 lakh over a 20 yr period. The exact figure will depend on the rate on the existing loan, balance tenure etc.
Call us now to know your savings under the Kotak Home Loan Transfer and find out how Kotak Home Finance can meet you needs.