By switching your unpaid loan from another financial institution to one that provides a lower interest rate, you will lower your EMIs.
Home Loan Balance Transfer, also known as Refinancing or simply Balance Transfer, is the mechanism by which you will benefit from a lower interest rate provided by another lender. If you have an unpaid home loan from one lender, you can transfer the balance to a different lender that charges a lower interest rate. This is known as a home loan balance transfer or refinancing. This one-of-a-kind home loan conversion service assists a borrower in avoiding high applicable interest rates listed by one home loan lender and switching to a lower interest rate structure with a different lender.