Loan Restructuring Vs Loan Transfer

Existing home loan customers will often find themselves in the situation where their existing rate of interest is higher than that prevailing in the market.

There are two possible options

1) Home Loan Transfer: Move the loan to another Bank/HFC

2) Home Loan Restructuring: Restructure the loan in the same Bank/HFC

Let’s understand these options in detail

Home Loan Transfer: Move the home loan to a new Bank/HFC of your choice from the existing Bank at the current market rate.

Click Here to calculate your savings on Loan Transfer

Home Loan Restructure: Reduce your home loan rates in the existing Bank/HFC to the current market rate.

The Bottomline: If you have figured out your home loan equation in the existing bank and the instability associated to it, then it makes sense to move the loan to another bank with a more stable home loan equation at a lower rate of interest.

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