by Sunil Srivastava | Nov 25, 2024 | SNP Finserv
Applying for a home loan balance transfer involves transferring your existing home loan from one lender to another, typically to take advantage of lower interest rates or better loan terms. Here’s a step-by-step guide to applying for a home loan balance transfer: Step...
by Sunil Srivastava | Nov 22, 2024 | SNP Finserv
Use Free Credit Report Websites :• Go to AnnualCreditReport.com, the only authorized website for free credit reports. You can request one free report per year from each of the three major credit bureaus: Equifax, Experian, and TransUnion. Check Your Credit Score via...
by Sunil Srivastava | Nov 22, 2024 | SNP Finserv
👉Signs of Fake Loan Apps: Unlicensed or Unauthorized Apps: Check for RBI Authorization: Legitimate loan apps must be registered and authorized by the Reserve Bank of India (RBI). Always verify the app’s authenticity on the official RBI website or check if the app...
by Sunil Srivastava | Nov 19, 2024 | SNP Finserv
1. Understanding Eligibility Criteria for Self-Employed Individuals Minimum Age: Most lenders require applicants to be between 21-60 years of age at the time of application. Business Continuity: Generally, lenders prefer applicants who have been in business for at...
by Sunil Srivastava | Nov 19, 2024 | SNP Finserv
1.Personal Loan for Down Payment: You can use a personal loan for a home down payment in India, but it’s subject to lender approval and conditions. 2.Lender Restrictions: Many home loan providers (banks or NBFCs) may restrict or discourage using borrowed funds...
by Sunil Srivastava | Nov 9, 2024 | SNP Finserv
1. Lower Interest Rates Interest Rate Reduction: The primary motivation for a balance transfer is to get a lower interest rate, which can reduce the EMI (Equated Monthly Installment) and the total interest paid over the loan tenure. Impact: Even a 0.5% to 1% reduction...
