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Mumbai (Maharashtra) [India], September 28 (ANI/BusinessWire India): Tata Capital's Home Loan offering, popular for its low interest rates and simple application process, also provides a seamless home loan balance transfer process. You can now move your home loans from other financial institutes to Tata Capital without much hassle. If your existing home loan carries a higher rate of interest, know that you can easily switch lenders by opting for a home loan balance transfer. A balance loan transfer lets you transfer the existing loan from one bank to another to avail better interest rates and loan terms. Not to mention, it has become a convenient and affordable option since RBI removed foreclosure penalties. According to RBI guidelines, lending institutions cannot levy a penalty on individuals for foreclosure or prepaying home loans at floating interest rates. Earlier, borrowers avoided prepaying a loan because of higher prepayment charges. But now, this guideline allows borrowers

Better customer serviceBusinesswire indiaTata capitalHome loanHome loan balanceThe new homeMumbai maharashtra indiaEptember 28 ani businesswire india tata capital 39s home loan offeringOpular for its low interest rates and simple application processLso providesa seamless home loan balance transfer process you can now move your loans from other financial institutes to tata capital without much hassle if existing carriesa higher rate of interestNow that you can easily switch lenders by opting fora home loan balance transfera transfer lets the existing from one bank to another avail better interest rates and terms not mentionT has becomea convenient and affordable option since rbi removed foreclosure penalties according to guidelinesEnding institutions cannot levya penalty on individuals for foreclosure or prepaying home loans at floating interest rates earlierOrrowers avoided prepayinga loan because of higher prepayment charges but nowHis guideline allows borrowers to avail lower interest rates offered by other lenders opting fora home loan balance transfer henceEducing your emis and making home loan much more affordable should you go fora balance transfer what are the factors to consider benefits of biggest reason why most people opt isa lower interest rate if