The facility offered by banks to transfer the outstanding principal amount to another financial institution is known as a balance transfer.
Personal loan balance transfer interest rates!
The facility offered by banks to transfer the outstanding principal amount to another financial institution is known as a balance transfer. The interest rates offered by the new lenders on exercising a personal loan balance transfer would usually be lower than the personal loan interest rates charged by your existing lender. Learn about what is a personal loan balance transfer and interest rates.
